Great Elm Capital Group (NASDAQ:GEC) Shares Up 5.6%

Great Elm Capital Group Inc (NASDAQ:GEC) shot up 5.6% during trading on Thursday . The stock traded as high as $4.05 and last traded at $3.94, 232,821 shares traded hands during mid-day trading. An increase of 481% from the average session volume of 40,106 shares. The stock had previously closed at $3.73.

Separately, TheStreet upgraded shares of Great Elm Capital Group from a “d+” rating to a “c-” rating in a report on Wednesday, May 29th.

The company has a debt-to-equity ratio of 1.40, a current ratio of 2.77 and a quick ratio of 2.65. The company’s fifty day simple moving average is $4.10 and its 200 day simple moving average is $3.95.

Hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley grew its stake in Great Elm Capital Group by 20,261.0% in the 2nd quarter. Morgan Stanley now owns 15,678 shares of the software maker’s stock worth $68,000 after buying an additional 15,601 shares in the last quarter. BlackRock Inc. grew its stake in Great Elm Capital Group by 0.7% in the 2nd quarter. BlackRock Inc. now owns 335,597 shares of the software maker’s stock worth $1,443,000 after buying an additional 2,458 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Great Elm Capital Group by 7.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 524,511 shares of the software maker’s stock worth $2,255,000 after buying an additional 34,512 shares in the last quarter. Monarch Partners Asset Management LLC grew its stake in Great Elm Capital Group by 20.3% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 296,035 shares of the software maker’s stock worth $1,273,000 after buying an additional 50,000 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Great Elm Capital Group by 5,037.5% in the 2nd quarter. Wells Fargo & Company MN now owns 8,631 shares of the software maker’s stock valued at $37,000 after purchasing an additional 8,463 shares in the last quarter. Institutional investors and hedge funds own 46.62% of the company’s stock.

About Great Elm Capital Group (NASDAQ:GEC)

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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