Vanguard Group Inc. Cuts Stake in Great Elm Group, Inc. (NASDAQ:GEG)

Vanguard Group Inc. lowered its stake in shares of Great Elm Group, Inc. (NASDAQ:GEG) by 0.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,027,102 shares of the company’s stock after selling 8,691 shares during the period. Vanguard Group Inc. owned approximately 3.25% of Great Elm Group worth $1,972,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Kingdon Capital Management L.L.C. lifted its stake in Great Elm Group by 0.7% during the 4th quarter. Kingdon Capital Management L.L.C. now owns 1,388,907 shares of the company’s stock valued at $2,694,000 after acquiring an additional 9,858 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Great Elm Group by 31.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,868 shares of the company’s stock valued at $98,000 after acquiring an additional 12,265 shares during the period. Cove Street Capital LLC lifted its stake in shares of Great Elm Group by 1.3% in the 4th quarter. Cove Street Capital LLC now owns 1,021,646 shares of the company’s stock worth $1,982,000 after purchasing an additional 13,200 shares during the period. Finally, Clayton Partners LLC lifted its stake in shares of Great Elm Group by 7.5% in the 4th quarter. Clayton Partners LLC now owns 348,994 shares of the company’s stock worth $677,000 after purchasing an additional 24,204 shares during the period. Institutional investors own 52.83% of the company’s stock.

Insider Transactions at Great Elm Group

In other Great Elm Group news, Director Matthew A. Drapkin acquired 20,001 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average price of $1.76 per share, for a total transaction of $35,201.76. Following the purchase, the director now directly owns 1,958,675 shares of the company’s stock, valued at $3,447,268. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 43.40% of the company’s stock.

Great Elm Group Trading Up 1.1 %

Shares of NASDAQ:GEG opened at $1.82 on Tuesday. The firm’s 50 day moving average price is $1.79 and its 200-day moving average price is $1.85. Great Elm Group, Inc. has a twelve month low of $1.59 and a twelve month high of $2.20. The company has a current ratio of 12.44, a quick ratio of 12.44 and a debt-to-equity ratio of 0.89.

Great Elm Group Company Profile

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.