Peter A. Reed Purchases 70,000 Shares of Great Elm Capital Group, Inc. (GEC) Stock

Great Elm Capital Group, Inc. (NASDAQ:GEC) CEO Peter A. Reed acquired 70,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were bought at an average cost of $3.64 per share, for a total transaction of $254,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Great Elm Capital Group, Inc. (NASDAQ GEC) opened at $3.65 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 11.30 and a current ratio of 11.30. Great Elm Capital Group, Inc. has a 12-month low of $2.95 and a 12-month high of $4.60.

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An institutional investor recently raised its position in Great Elm Capital Group stock. Royce & Associates LP grew its holdings in Great Elm Capital Group, Inc. (NASDAQ:GEC) by 22.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 540,745 shares of the software maker’s stock after buying an additional 100,000 shares during the period. Royce & Associates LP owned 2.13% of Great Elm Capital Group worth $1,920,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 36.25% of the company’s stock.

Great Elm Capital Group Company Profile

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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