Roumell Asset Management LLC boosted its stake in shares of Great Elm Capital Group, Inc. (NASDAQ:GEC) by 489.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 363,799 shares of the software maker’s stock after purchasing an additional 302,074 shares during the period. Great Elm Capital Group makes up approximately 3.0% of Roumell Asset Management LLC’s portfolio, making the stock its 13th biggest holding. Roumell Asset Management LLC owned approximately 1.43% of Great Elm Capital Group worth $1,291,000 at the end of the most recent reporting period.
In other Great Elm Capital Group news, insider Adam M. Kleinman bought 10,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average price of $3.75 per share, with a total value of $37,500.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Adam M. Kleinman bought 30,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $3.65 per share, for a total transaction of $109,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 338,685 shares of company stock worth $1,252,533. 6.60% of the stock is currently owned by insiders.
Great Elm Capital Group, Inc. (NASDAQ:GEC) opened at $4.35 on Tuesday. The company has a quick ratio of 11.30, a current ratio of 11.30 and a debt-to-equity ratio of 0.07. Great Elm Capital Group, Inc. has a one year low of $2.95 and a one year high of $4.55.
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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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