Peter A. Reed Acquires 48,357 Shares of Great Elm Capital Group, Inc. (GEC) Stock

Great Elm Capital Group, Inc. (NASDAQ:GEC) CEO Peter A. Reed bought 48,357 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $3.65 per share, for a total transaction of $176,503.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Great Elm Capital Group, Inc. (NASDAQ:GEC) traded down $0.02 during trading hours on Friday, hitting $3.70. 35,438 shares of the company were exchanged, compared to its average volume of 55,252. The company has a quick ratio of 11.30, a current ratio of 11.30 and a debt-to-equity ratio of 0.07. Great Elm Capital Group, Inc. has a twelve month low of $2.95 and a twelve month high of $4.55.

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A hedge fund recently raised its stake in Great Elm Capital Group stock. Roumell Asset Management LLC grew its position in Great Elm Capital Group, Inc. (NASDAQ:GEC) by 489.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 363,799 shares of the software maker’s stock after purchasing an additional 302,074 shares during the period. Great Elm Capital Group makes up approximately 3.0% of Roumell Asset Management LLC’s holdings, making the stock its 13th biggest position. Roumell Asset Management LLC owned 1.43% of Great Elm Capital Group worth $1,291,000 at the end of the most recent quarter. Institutional investors and hedge funds own 36.25% of the company’s stock.

About Great Elm Capital Group

Great Elm Capital Group, Inc, formerly Unwired Planet, Inc, is a holding company. The Company makes investments in businesses and assets in various industries. The Company’s investment for long-term value creation is in the asset management business. The Company continues to explore other opportunities in the investment management business, including other business development companies (BDCs) that trade at a discount to their net asset value.

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