Insider Buying: Great Elm Group, Inc. (NASDAQ:GEG) Director Acquires $35,201.76 in Stock

Great Elm Group, Inc. (NASDAQ:GEG) Director Matthew A. Drapkin acquired 20,001 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average price of $1.76 per share, for a total transaction of $35,201.76. Following the completion of the purchase, the director now owns 1,958,675 shares in the company, valued at approximately $3,447,268. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Great Elm Group Stock Up 4.6 %

Great Elm Group stock opened at $1.83 on Friday. Great Elm Group, Inc. has a 52 week low of $1.59 and a 52 week high of $2.24. The business has a 50-day simple moving average of $1.88 and a 200 day simple moving average of $1.92. The company has a debt-to-equity ratio of 0.89, a quick ratio of 12.44 and a current ratio of 12.44.

Hedge Funds Weigh In On Great Elm Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. grew its position in Great Elm Group by 31.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 50,868 shares of the company’s stock worth $98,000 after buying an additional 12,265 shares in the last quarter. Kingdon Capital Management L.L.C. grew its position in Great Elm Group by 0.7% during the fourth quarter. Kingdon Capital Management L.L.C. now owns 1,388,907 shares of the company’s stock worth $2,694,000 after buying an additional 9,858 shares in the last quarter. Clayton Partners LLC grew its position in Great Elm Group by 7.5% during the fourth quarter. Clayton Partners LLC now owns 348,994 shares of the company’s stock worth $677,000 after buying an additional 24,204 shares in the last quarter. Finally, Cove Street Capital LLC grew its position in Great Elm Group by 1.3% during the fourth quarter. Cove Street Capital LLC now owns 1,021,646 shares of the company’s stock worth $1,982,000 after buying an additional 13,200 shares in the last quarter. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Great Elm Group from a “c” rating to a “d” rating in a research note on Tuesday, February 13th.

About Great Elm Group

Great Elm Group, Inc operates as a asset management company. The company engages in credit, real estate, and finance businesses. It is also involved in business development related activities and offers investment management services. The company was formerly known as Great Elm Capital Group, Inc and changed its name to Great Elm Group, Inc in December 2020.