Great Elm Capital Group (GEC) Sets New 52-Week Low at $2.90

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Great Elm Capital Group Inc (NASDAQ:GEC)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.90 and last traded at $3.10, with a volume of 100 shares changing hands. The stock had previously closed at $3.10.

Separately, TheStreet cut Great Elm Capital Group from a “c-” rating to a “d” rating in a research note on Wednesday, July 25th.

The company has a current ratio of 8.05, a quick ratio of 8.05 and a debt-to-equity ratio of 0.92.

Several institutional investors and hedge funds have recently made changes to their positions in GEC. Dimensional Fund Advisors LP lifted its stake in Great Elm Capital Group by 34.6% during the first quarter. Dimensional Fund Advisors LP now owns 68,599 shares of the software maker’s stock worth $274,000 after purchasing an additional 17,618 shares during the last quarter. Monarch Partners Asset Management LLC lifted its stake in Great Elm Capital Group by 21.4% during the second quarter. Monarch Partners Asset Management LLC now owns 161,690 shares of the software maker’s stock worth $582,000 after purchasing an additional 28,490 shares during the last quarter. BlackRock Inc. lifted its stake in Great Elm Capital Group by 6.3% during the second quarter. BlackRock Inc. now owns 337,071 shares of the software maker’s stock worth $1,214,000 after purchasing an additional 19,966 shares during the last quarter. Royce & Associates LP lifted its stake in Great Elm Capital Group by 15.8% during the second quarter. Royce & Associates LP now owns 660,745 shares of the software maker’s stock worth $2,379,000 after purchasing an additional 90,000 shares during the last quarter. Finally, Glacier Peak Capital LLC purchased a new stake in Great Elm Capital Group during the first quarter worth approximately $3,207,000. Institutional investors and hedge funds own 47.46% of the company’s stock.

Great Elm Capital Group Company Profile (NASDAQ:GEC)

Great Elm Capital Group, Inc does not have significant operations. Previously, it was involved in developing patents for allowing mobile devices to connect to the Internet and enabling mobile communications. The company focuses on investment management business. The company was formerly known as Unwired Planet, Inc and changed its name to Great Elm Capital Group, Inc in June 2016.

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