Great Elm Capital Group (NASDAQ:GEC) Upgraded by ValuEngine to Buy

Great Elm Capital Group (NASDAQ:GEC) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday, ValuEngine reports.

Shares of NASDAQ GEC opened at $3.45 on Friday. The company’s 50 day simple moving average is $3.58 and its 200 day simple moving average is $3.92. Great Elm Capital Group has a fifty-two week low of $3.05 and a fifty-two week high of $4.75. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.27 and a current ratio of 2.35.

A number of hedge funds and other institutional investors have recently made changes to their positions in GEC. Wells Fargo & Company MN lifted its holdings in Great Elm Capital Group by 5,037.5% in the second quarter. Wells Fargo & Company MN now owns 8,631 shares of the software maker’s stock valued at $37,000 after buying an additional 8,463 shares during the period. Monarch Partners Asset Management LLC lifted its holdings in Great Elm Capital Group by 20.3% in the second quarter. Monarch Partners Asset Management LLC now owns 296,035 shares of the software maker’s stock valued at $1,273,000 after buying an additional 50,000 shares during the period. Russell Investments Group Ltd. lifted its holdings in Great Elm Capital Group by 7.0% in the second quarter. Russell Investments Group Ltd. now owns 524,511 shares of the software maker’s stock valued at $2,255,000 after buying an additional 34,512 shares during the period. BlackRock Inc. lifted its holdings in Great Elm Capital Group by 0.7% in the second quarter. BlackRock Inc. now owns 335,597 shares of the software maker’s stock valued at $1,443,000 after buying an additional 2,458 shares during the period. Finally, Morgan Stanley raised its holdings in Great Elm Capital Group by 20,261.0% in the second quarter. Morgan Stanley now owns 15,678 shares of the software maker’s stock worth $68,000 after purchasing an additional 15,601 shares during the period. Institutional investors and hedge funds own 45.50% of the company’s stock.

About Great Elm Capital Group

Great Elm Capital Group, Inc, through its subsidiaries, engages in investment management and real estate property rental businesses. It provides investment advisory services. The company was formerly known as Unwired Planet, Inc and changed its name to Great Elm Capital Group, Inc in June 2016. Great Elm Capital Group, Inc was founded in 1994 and is headquartered in Waltham, Massachusetts.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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