Great Elm Group (NASDAQ:GEG) Releases Quarterly Earnings Results

Great Elm Group (NASDAQ:GEG) released its quarterly earnings results on Wednesday. The company reported ($0.45) EPS for the quarter, FiscalAI reports. Great Elm Group had a negative return on equity of 37.04% and a negative net margin of 60.61%.The company had revenue of $3.42 million for the quarter.

Great Elm Group Stock Performance

NASDAQ:GEG remained flat at $2.05 during trading hours on Wednesday. The company’s stock had a trading volume of 6,165 shares, compared to its average volume of 5,661. The company has a 50-day moving average price of $2.02 and a 200-day moving average price of $2.27. The firm has a market capitalization of $67.12 million, a P/E ratio of -3.80 and a beta of 0.56. The company has a debt-to-equity ratio of 1.04, a current ratio of 10.32 and a quick ratio of 10.32. Great Elm Group has a 1 year low of $1.80 and a 1 year high of $3.51.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GEG. Millennium Management LLC purchased a new position in Great Elm Group in the third quarter worth $158,000. Geode Capital Management LLC raised its position in Great Elm Group by 17.1% in the fourth quarter. Geode Capital Management LLC now owns 180,866 shares of the company’s stock worth $461,000 after acquiring an additional 26,460 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Great Elm Group by 2,377.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 919,048 shares of the company’s stock worth $2,344,000 after acquiring an additional 881,955 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in Great Elm Group in the fourth quarter worth $447,000. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Great Elm Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Great Elm Group currently has a consensus rating of “Sell”.

Great Elm Group Company Profile

Great Elm Group (NASDAQ: GEG) is a closed-end investment company specializing in private credit and equity co-investments for U.S. middle-market companies. The firm’s portfolio is composed primarily of senior secured loans, unitranche financing structures and selective equity interests, with an emphasis on providing flexible capital solutions for growth initiatives, refinancings, acquisitions and recapitalizations.

Through a disciplined underwriting process, Great Elm Group evaluates opportunities across a diverse range of industry sectors, including healthcare, business services, manufacturing and consumer products.