Great Elm Capital Group Inc (GEC) Director Thomas S. Harbin Buys 21,281 Shares

Great Elm Capital Group Inc (NASDAQ:GEC) Director Thomas S. Harbin purchased 21,281 shares of the firm’s stock in a transaction that occurred on Wednesday, July 11th. The stock was bought at an average cost of $3.58 per share, for a total transaction of $76,185.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

GEC opened at $3.60 on Wednesday. The company has a quick ratio of 7.47, a current ratio of 7.47 and a debt-to-equity ratio of 0.93. Great Elm Capital Group Inc has a 1-year low of $2.88 and a 1-year high of $4.40.

Great Elm Capital Group (NASDAQ:GEC) last released its earnings results on Monday, September 17th. The software maker reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.41). The business had revenue of $2.09 million for the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Great Elm Capital Group by 34.6% in the 1st 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 in the last quarter. Monarch Partners Asset Management LLC lifted its stake in Great Elm Capital Group by 21.4% in the 2nd 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 in the last quarter. BlackRock Inc. lifted its stake in Great Elm Capital Group by 6.3% in the 2nd 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 in the last quarter. Finally, Royce & Associates LP lifted its stake in Great Elm Capital Group by 15.8% in the 2nd 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 in the last quarter. 46.64% of the stock is currently owned by institutional investors and hedge funds.

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

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About Great Elm Capital Group

Great Elm Capital Group, Inc, through its subsidiaries, engages in investment management and real estate property rental businesses. It provides investment advisory services. The company was formerly known as Unwired Planet, Inc and changed its name to Great Elm Capital Group, Inc in June 2016. Great Elm Capital Group, Inc was founded in 1994 and is headquartered in Waltham, Massachusetts.

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