Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s Why

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $24.65 and traded as high as $24.89. Great Elm Group, Inc. 7.25% Notes due 2027 shares last traded at $24.85, with a volume of 2,869 shares traded.

Great Elm Group, Inc. 7.25% Notes due 2027 Trading Up 1.8%

The stock has a fifty day moving average of $24.70 and a two-hundred day moving average of $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.

Great Elm Group, Inc. 7.25% Notes due 2027 Company Profile

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.