Great Elm Capital Group, Inc. (GEC) CEO Peter A. Reed Buys 70,000 Shares

Great Elm Capital Group, Inc. (NASDAQ:GEC) CEO Peter A. Reed acquired 70,000 shares of the stock in a transaction dated Friday, November 10th. The shares were purchased at an average price of $3.64 per share, for a total transaction of $254,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Great Elm Capital Group, Inc. (NASDAQ:GEC) opened at $3.70 on Tuesday. 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 twelve month low of $2.95 and a twelve month high of $4.60.

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An institutional investor recently raised its position in Great Elm Capital Group stock. Roumell Asset Management LLC increased its stake in shares of Great Elm Capital Group, Inc. (NASDAQ:GEC) by 489.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 363,799 shares of the software maker’s stock after buying an additional 302,074 shares during the period. Great Elm Capital Group accounts for about 3.0% of Roumell Asset Management LLC’s portfolio, making the stock its 13th largest holding. Roumell Asset Management LLC owned 1.43% of Great Elm Capital Group worth $1,291,000 as of its most recent filing with the SEC. 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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