Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,743 shares, an increase of 83.7% from the September 30th total of 1,493 shares. Based on an average daily trading volume, of 867 shares, the days-to-cover ratio is currently 3.2 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Stock Up 0.2%
NASDAQ GEGGL opened at $24.89 on Friday. Great Elm Group, Inc. 7.25% Notes due 2027 has a 1 year low of $23.80 and a 1 year high of $26.00. The business’s fifty day moving average is $24.70 and its two-hundred day moving average is $24.65.
Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be paid a $0.4481 dividend. This is a decrease from Great Elm Group, Inc. 7.25% Notes due 2027’s previous quarterly dividend of $0.4531. This represents a $1.79 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, June 15th.
About Great Elm Group, Inc. 7.25% Notes due 2027
Great Elm Group, Inc is a diversified holding company focused on investment management, specialty finance and related financial services. The company seeks to build value through investments in and ownership of operating businesses and investment platforms, with an emphasis on credit and other alternative investment opportunities.
Through its subsidiaries and affiliated entities, Great Elm Group has been associated with middle-market lending and investment activities. Its investment operations have included Great Elm Capital Corp., a business development company that invests primarily in debt and equity securities of middle-market companies, and Great Elm Capital Management, an investment adviser involved in managing related investment portfolios.
Great Elm Group’s activities are primarily conducted in the United States.
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