Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Stock Breaks Below Fifty Day Moving Average – What’s Next?

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) shares passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $24.69 and traded as low as $24.63. Great Elm Group, Inc. 7.25% Notes due 2027 shares last traded at $24.65, with a volume of 6,451 shares changing hands.

Great Elm Group, Inc. 7.25% Notes due 2027 Stock Performance

The stock’s 50-day simple moving average is $24.70 and its 200 day simple moving average is $24.65.

Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be issued a $0.4481 dividend. The ex-dividend date is Tuesday, June 15th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 7.2%. This is a decrease from Great Elm Group, Inc. 7.25% Notes due 2027’s previous quarterly dividend of $0.4531.

About Great Elm Group, Inc. 7.25% Notes due 2027

Great Elm Group, Inc. is an alternative asset management company. Through its investment management subsidiary, Great Elm Capital Management, the company manages investment vehicles focused on areas including credit and middle-market lending. One of its affiliated investment companies is Great Elm Capital Corp., a business development company that provides financing to middle-market businesses. Great Elm Group’s 7.25% Notes due 2027, listed on Nasdaq under the symbol GEGGL, are debt securities issued by the company.