Great Elm Capital Group Inc (NASDAQ:GEC) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 171,000 shares, an increase of 14.2% from the January 15th total of 149,700 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 28,500 shares, the short-interest ratio is currently 6.0 days.
GEC opened at $3.04 on Friday. The stock has a 50-day moving average of $3.21 and a 200 day moving average of $3.43. The company has a current ratio of 1.49, a quick ratio of 1.52 and a debt-to-equity ratio of 1.41. Great Elm Capital Group has a 12 month low of $2.85 and a 12 month high of $4.75.
Great Elm Capital Group (NASDAQ:GEC) last issued its quarterly earnings data on Tuesday, November 12th. The software maker reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $15.37 million for the quarter. Great Elm Capital Group had a negative net margin of 2.44% and a negative return on equity of 8.80%.
Several institutional investors have recently made changes to their positions in GEC. Millennium Management LLC bought a new stake in shares of Great Elm Capital Group during the 3rd quarter worth approximately $59,000. Morgan Stanley grew its position in Great Elm Capital Group by 20,261.0% in the 2nd quarter. Morgan Stanley now owns 15,678 shares of the software maker’s stock valued at $68,000 after acquiring an additional 15,601 shares during the last quarter. Monarch Partners Asset Management LLC grew its position in Great Elm Capital Group by 18.6% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 350,975 shares of the software maker’s stock valued at $1,288,000 after acquiring an additional 54,940 shares during the last quarter. BlackRock Inc. grew its position in Great Elm Capital Group by 0.7% in the 2nd quarter. BlackRock Inc. now owns 335,597 shares of the software maker’s stock valued at $1,443,000 after acquiring an additional 2,458 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. increased its stake in Great Elm Capital Group by 13.1% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 772,000 shares of the software maker’s stock worth $2,578,000 after purchasing an additional 89,499 shares during the period. Hedge funds and other institutional investors own 46.32% of the company’s stock.
About Great Elm Capital Group
Great Elm Capital Group, Inc, through its subsidiaries, engages in investment management and real estate property rental businesses. It provides investment advisory services. The company was formerly known as Unwired Planet, Inc and changed its name to Great Elm Capital Group, Inc in June 2016. Great Elm Capital Group, Inc was founded in 1994 and is headquartered in Waltham, Massachusetts.
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