Great Elm Group (NASDAQ:GEG) Announces Quarterly Earnings Results, Misses Estimates By $0.54 EPS

Great Elm Group (NASDAQ:GEGGet Rating) released its quarterly earnings results on Monday. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.54), Fidelity Earnings reports. Great Elm Group had a negative return on equity of 22.21% and a negative net margin of 17.46%.

Great Elm Group Stock Performance

Great Elm Group stock opened at $2.08 on Wednesday. The stock’s 50 day moving average price is $2.07 and its 200 day moving average price is $2.01. The firm has a market capitalization of $57.13 million, a PE ratio of -4.84 and a beta of 1.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.68 and a current ratio of 3.73. Great Elm Group has a one year low of $1.40 and a one year high of $2.63.

Insiders Place Their Bets

In other Great Elm Group news, major shareholder Northern Right Capital Managem acquired 41,120 shares of the company’s stock in a transaction on Friday, August 12th. The shares were bought at an average cost of $2.00 per share, for a total transaction of $82,240.00. Following the acquisition, the insider now directly owns 3,288,906 shares of the company’s stock, valued at $6,577,812. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Great Elm Group news, Director Matthew A. Drapkin acquired 26,256 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were bought at an average cost of $1.98 per share, for a total transaction of $51,986.88. Following the acquisition, the director now directly owns 1,663,556 shares of the company’s stock, valued at $3,293,840.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Northern Right Capital Managem purchased 41,120 shares of the stock in a transaction dated Friday, August 12th. The stock was purchased at an average price of $2.00 per share, with a total value of $82,240.00. Following the completion of the acquisition, the insider now directly owns 3,288,906 shares in the company, valued at approximately $6,577,812. The disclosure for this purchase can be found here. Insiders have acquired 233,850 shares of company stock worth $480,347 in the last three months. 38.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Great Elm Group

An institutional investor recently raised its position in Great Elm Group stock. Royal Bank of Canada grew its position in Great Elm Group, Inc. (NASDAQ:GEGGet Rating) by 41.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,678 shares of the company’s stock after acquiring an additional 20,000 shares during the quarter. Royal Bank of Canada owned approximately 0.25% of Great Elm Group worth $122,000 as of its most recent filing with the Securities and Exchange Commission. 77.84% of the stock is currently owned by institutional investors and hedge funds.

Great Elm Group Company Profile

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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.

Further Reading

Earnings History for Great Elm Group (NASDAQ:GEG)

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