Great Elm Group, Inc. (NASDAQ:GEG – Get Rating) major shareholder Northern Right Capital Managem bought 10,484 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The stock was bought at an average price of $2.31 per share, with a total value of $24,218.04. Following the acquisition, the insider now directly owns 2,824,068 shares in the company, valued at approximately $6,523,597.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Northern Right Capital Managem also recently made the following trade(s):

• On Thursday, June 2nd, Northern Right Capital Managem purchased 6,292 shares of Great Elm Group stock. The stock was acquired at an average cost of $2.41 per share, with a total value of $15,163.72.
• On Thursday, May 19th, Northern Right Capital Managem purchased 40,000 shares of Great Elm Group stock. The stock was acquired at an average cost of $2.15 per share, with a total value of $86,000.00.
• On Friday, May 13th, Northern Right Capital Managem purchased 25,000 shares of Great Elm Group stock. The stock was acquired at an average cost of $2.05 per share, with a total value of $51,250.00.
• On Monday, May 9th, Northern Right Capital Managem purchased 80,000 shares of Great Elm Group stock. The stock was acquired at an average cost of $1.61 per share, with a total value of $128,800.00.

GEG stock traded up $0.02 during midday trading on Thursday, hitting $2.42. The company’s stock had a trading volume of 25,356 shares, compared to its average volume of 19,421. The company has a quick ratio of 3.68, a current ratio of 3.73 and a debt-to-equity ratio of 0.82. Great Elm Group, Inc. has a 52-week low of $1.40 and a 52-week high of $2.87. The firm has a market capitalization of $66.47 million, a P/E ratio of -5.63 and a beta of 1.21. The firm has a 50-day simple moving average of $1.86 and a 200-day simple moving average of $1.93.

Great Elm Group (NASDAQ:GEG – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.22) EPS for the quarter. Great Elm Group had a negative net margin of 17.46% and a negative return on equity of 22.21%. The business had revenue of $16.62 million during the quarter.

Institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new stake in shares of Great Elm Group during the 4th quarter worth $48,000. Morgan Stanley lifted its position in shares of Great Elm Group by 27.8% during the 2nd quarter. Morgan Stanley now owns 48,228 shares of the company’s stock worth $108,000 after purchasing an additional 10,500 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Great Elm Group by 41.9% during the 1st quarter. Royal Bank of Canada now owns 67,678 shares of the company’s stock worth $122,000 after purchasing an additional 20,000 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Great Elm Group by 8,312.4% during the 2nd quarter. Bank of America Corp DE now owns 122,485 shares of the company’s stock worth $275,000 after purchasing an additional 121,029 shares during the last quarter. Finally, Clayton Partners LLC purchased a new stake in shares of Great Elm Group during the 4th quarter worth $418,000. 45.67% of the stock is owned by institutional investors and hedge funds.

About Great Elm Group (Get Rating)

Great Elm Group, Inc engages in the durable medical equipment and investment management businesses. The company 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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