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

Great Elm Group (NASDAQ:GEGGet Rating) released its quarterly earnings data on Monday. The company reported ($0.18) earnings per share 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 Price Performance

NASDAQ:GEG traded up $0.03 during trading hours on Wednesday, reaching $2.08. 23,493 shares of the company’s stock were exchanged, compared to its average volume of 25,874. The company has a market capitalization of $57.13 million, a P/E ratio of -4.84 and a beta of 1.12. Great Elm Group has a 12 month low of $1.40 and a 12 month high of $2.63. The company has a quick ratio of 3.68, a current ratio of 3.73 and a debt-to-equity ratio of 0.82. The business’s 50-day simple moving average is $2.07 and its two-hundred day simple moving average is $2.01.

Insider Buying and Selling

In other news, major shareholder Northern Right Capital Managem acquired 21,612 shares of the firm’s stock in a transaction that occurred on Thursday, June 16th. The stock was purchased at an average price of $2.48 per share, with a total value of $53,597.76. Following the purchase, the insider now owns 3,194,035 shares of the company’s stock, valued at approximately $7,921,206.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Great Elm Group news, Director Jason W. Reese purchased 41,119 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were acquired at an average price of $2.00 per share, for a total transaction of $82,238.00. Following the acquisition, the director now owns 4,749,782 shares of the company’s stock, valued at $9,499,564. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Northern Right Capital Managem bought 21,612 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The stock was purchased at an average price of $2.48 per share, for a total transaction of $53,597.76. Following the acquisition, the insider now directly owns 3,194,035 shares in the company, valued at $7,921,206.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 233,850 shares of company stock worth $480,347. Corporate insiders own 38.70% of the company’s stock.

Institutional Trading of Great Elm Group

An institutional investor recently raised its position in Great Elm Group stock. Royal Bank of Canada increased its holdings in shares of Great Elm Group, Inc. (NASDAQ:GEGGet Rating) by 41.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,678 shares of the company’s stock after acquiring an additional 20,000 shares during the period. Royal Bank of Canada owned about 0.25% of Great Elm Group worth $122,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 77.84% of the company’s stock.

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.

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Earnings History for Great Elm Group (NASDAQ:GEG)

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