Punch & Associates Investment Management Inc. Trims Holdings in Great Elm Group, Inc. (NASDAQ:GEG)

Punch & Associates Investment Management Inc. decreased its holdings in Great Elm Group, Inc. (NASDAQ:GEG) by 9.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 541,878 shares of the company’s stock after selling 56,122 shares during the period. Punch & Associates Investment Management Inc. owned about 2.04% of Great Elm Group worth $1,322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Cove Street Capital LLC purchased a new stake in Great Elm Group in the fourth quarter worth $4,855,000. Applied Fundamental Research LLC bought a new position in shares of Great Elm Group during the 4th quarter worth $3,628,000. Renaissance Technologies LLC bought a new position in shares of Great Elm Group during the 4th quarter worth $2,471,000. BlackRock Inc. grew its position in shares of Great Elm Group by 1.7% during the 1st quarter. BlackRock Inc. now owns 424,974 shares of the company’s stock worth $1,037,000 after buying an additional 7,146 shares in the last quarter. Finally, Cannell Capital LLC bought a new position in shares of Great Elm Group during the 4th quarter worth $914,000. Institutional investors and hedge funds own 52.13% of the company’s stock.

GEG opened at $2.28 on Thursday. Great Elm Group, Inc. has a 12-month low of $1.80 and a 12-month high of $4.85. The company has a quick ratio of 2.31, a current ratio of 2.35 and a debt-to-equity ratio of 1.12. The stock’s fifty day moving average price is $2.46. The company has a market cap of $60.65 million, a P/E ratio of -17.54 and a beta of 1.27.

Great Elm Group (NASDAQ:GEG) last posted its quarterly earnings results on Thursday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.19). Great Elm Group had a negative return on equity of 7.47% and a negative net margin of 5.12%. The firm had revenue of $15.12 million for the quarter.

In related news, Director Jason W. Reese acquired 328,686 shares of the company’s stock in a transaction that occurred on Thursday, May 20th. The shares were bought at an average price of $2.38 per share, with a total value of $782,272.68. 33.90% of the stock is owned by company insiders.

About Great Elm Group

Great Elm Group, Inc operates in durable medical equipment, investment management, and real estate businesses. It distributes respiratory care equipment, including positive air pressure equipment and supplies, ventilators and oxygen equipment, and replacement parts, as well as provides sleep study services; and rents medical equipment.

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Institutional Ownership by Quarter for Great Elm Group (NASDAQ:GEG)

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