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

Great Elm Capital Group, Inc. (NASDAQ:GEC) CEO Peter A. Reed bought 48,357 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of $3.65 per share, for a total transaction of $176,503.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Great Elm Capital Group, Inc. (GEC) traded down $0.02 during midday trading on Friday, hitting $3.70. 35,438 shares of the company traded hands, compared to its average volume of 55,252. The company has a current ratio of 11.30, a quick ratio of 11.30 and a debt-to-equity ratio of 0.07. Great Elm Capital Group, Inc. has a 12 month low of $2.95 and a 12 month high of $4.55.

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An institutional investor recently raised its position in Great Elm Capital Group stock. Royce & Associates LP increased its position in Great Elm Capital Group, Inc. (NASDAQ:GEC) by 22.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 540,745 shares of the software maker’s stock after buying an additional 100,000 shares during the quarter. 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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