Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 2,887 shares, a drop of 42.7% from the July 30th total of 5,035 shares. Based on an average daily trading volume, of 1,146 shares, the days-to-cover ratio is currently 2.5 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Price Performance
Shares of Great Elm Group, Inc. 7.25% Notes due 2027 stock traded up $0.19 on Friday, hitting $24.81. The company’s stock had a trading volume of 1,371 shares, compared to its average volume of 2,598. Great Elm Group, Inc. 7.25% Notes due 2027 has a 52-week low of $21.55 and a 52-week high of $26.00. The firm has a fifty day moving average price of $24.77 and a 200-day moving average price of $24.64.
Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be given a dividend of $0.4481 per share. The ex-dividend date is Tuesday, June 15th. This represents a $1.79 dividend on an annualized basis and a yield of 7.2%.
Great Elm Group, Inc. 7.25% Notes due 2027 Company Profile
Great Elm Group, Inc is a U.S.-based private equity firm and business consolidator focused on acquiring and growing lower middle-market companies. Through its holding company structure, Great Elm Group invests equity capital alongside management teams in established businesses across diverse industries, including business services, healthcare and wellness, industrial services, and consumer products. The company’s disciplined investment approach emphasizes cash-flow stability, operational improvement, and strategic add-on acquisitions.
In June 2022, Great Elm Group, Inc completed the issuance of its 7.25% Notes due 2027 (NASDAQ: GEGGL), a series of senior unsecured notes that bear interest at a fixed rate payable semiannually and mature in 2027.
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