Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Shares Down 0.1% – Should You Sell?

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL)’s share price was down 0.1% during mid-day trading on Wednesday . The stock traded as low as $24.72 and last traded at $24.70. 200 shares traded hands during trading, a decline of 92% from the average daily volume of 2,621 shares. The stock had previously closed at $24.72.

Great Elm Group, Inc. 7.25% Notes due 2027 Stock Down 0.1%

The business’s fifty day moving average price is $24.76 and its 200 day moving average price is $24.62.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be given a dividend of $0.4481 per share. This represents a $1.79 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Tuesday, June 15th.

Great Elm Group, Inc. 7.25% Notes due 2027 Company Profile

Great Elm Group, Inc is a U.S.-based private equity firm and business consolidator focused on acquiring and growing lower middle-market companies. Through its holding company structure, Great Elm Group invests equity capital alongside management teams in established businesses across diverse industries, including business services, healthcare and wellness, industrial services, and consumer products. The company’s disciplined investment approach emphasizes cash-flow stability, operational improvement, and strategic add-on acquisitions.

In June 2022, Great Elm Group, Inc completed the issuance of its 7.25% Notes due 2027 (NASDAQ: GEGGL), a series of senior unsecured notes that bear interest at a fixed rate payable semiannually and mature in 2027.