Great Elm Group (NASDAQ:GEG) Shares Down 1.6% – What’s Next?

Great Elm Group, Inc. (NASDAQ:GEG)’s stock price fell 1.6% on Tuesday . The stock traded as low as $1.85 and last traded at $1.87. 20,361 shares were traded during trading, a decline of 67% from the average session volume of 62,463 shares. The stock had previously closed at $1.90.

Wall Street Analysts Forecast Growth

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

Great Elm Group Price Performance

The business’s 50 day simple moving average is $2.04 and its 200 day simple moving average is $2.36. The company has a market capitalization of $61.89 million, a PE ratio of -3.50 and a beta of 0.54. The company has a quick ratio of 10.32, a current ratio of 10.32 and a debt-to-equity ratio of 1.04.

Great Elm Group (NASDAQ:GEG) last released its quarterly earnings results on Wednesday, February 4th. The company reported ($0.50) earnings per share (EPS) for the quarter. The firm had revenue of $3.01 million for the quarter. Great Elm Group had a negative net margin of 60.61% and a negative return on equity of 37.04%.

Institutional Trading of Great Elm Group

A number of hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its holdings in shares of Great Elm Group by 2,377.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 919,048 shares of the company’s stock valued at $2,344,000 after buying an additional 881,955 shares in the last quarter. Geode Capital Management LLC lifted its stake in Great Elm Group by 17.1% in the 4th 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. Millennium Management LLC acquired a new stake in Great Elm Group during the 3rd quarter worth about $158,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in Great Elm Group during the 4th quarter worth about $447,000. Hedge funds and other institutional investors own 52.83% of the company’s stock.

About Great Elm Group

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.