Welcome to our dedicated page for Great Elm Group news (Ticker: GEG), a resource for investors and traders seeking the latest updates and insights on Great Elm Group stock.
Great Elm Group Inc (NASDAQ: GEG), a diversified alternative asset manager specializing in credit investments and industrial real estate, maintains this centralized news hub for investors and industry observers. Our curated repository provides immediate access to all material developments including earnings announcements, strategic acquisitions, and portfolio updates across the company's credit, real estate, and specialty finance platforms.
This resource serves as a comprehensive tracking tool for GEG's operational milestones, leadership changes, and regulatory filings. Users can efficiently monitor the company's progress in leveraged middle market investments, industrial property developments, and specialty finance initiatives through verified press releases and objective reporting.
Key updates include detailed coverage of Great Elm Capital Corp (business development company), Monomoy Properties REIT activities, and construction management integrations. Bookmark this page for streamlined access to critical information supporting informed analysis of GEG's diversified investment strategies and market positioning.
Great Elm Group (NASDAQ: GEG) has announced it will release its financial results for the fiscal quarter ended March 31, 2025, after market trading hours on Wednesday, May 7, 2025. The company will host a conference call and webcast to discuss these third quarter results on Thursday, May 8, 2025, at 8:30 a.m. Eastern Time.
Interested parties can join the conference call by dialing +1 (877) 407-0752 (domestic) or +1 (201) 389-0912 (international) using Conference ID 13746971. The presentation slides and webcast will be available through provided links.
Great Elm Group (GEG) reported strong financial results for its fiscal Q2 2025. Total revenue grew 24% to $3.5 million, with net income from continuing operations of $1.4 million, compared to a net loss of $0.2 million in the prior year. The company's fee-paying assets under management reached $538 million, showing 17% growth year-over-year.
Key highlights include Great Elm Capital Corp. raising $13.2 million through equity issuance, and the acquisition of Greenfield CRE to form Monomoy Construction Services. The company maintained strong liquidity with $44 million in cash and continued its share repurchase program, buying back 4.1 million shares at an average price of $1.83. Book value per share stood at $2.30 as of December 31, 2024.
Great Elm Group (GEG) has announced the formation of Monomoy Construction Services (MCS) through the acquisition of Greenfield CRE's assets. This strategic move combines Greenfield's construction expertise with Monomoy's existing civil engineering and land planning capabilities to create an integrated industrial real estate service provider.
The transaction enhances Monomoy's ability to offer comprehensive services including project management, procurement, construction management, asset management, market analysis, and feasibility studies for industrial real estate tenants. Brandon Finomore, former President of Greenfield CRE, joins as MCS's leader, bringing over 20 years of development expertise managing projects ranging from $500,000 to $30,000,000.
As part of the deal, GEG granted 276,182 restricted shares to Finomore, vesting on the 5th anniversary of the grant date, as an employment inducement.
Great Elm Group (GEG) reported financial results for fiscal Q1 2025 ended September 30, 2024. The company saw fee-paying assets under management (FPAUM) reach $559 million and assets under management (AUM) total $782 million, representing growth of 24% and 22% respectively year-over-year. Total revenue grew 21% to $4.0 million, with net income from continuing operations at $3.0 million. The company collected $0.9 million in incentive fees from GECC and reported Adjusted EBITDA of $1.3 million. The Board doubled the stock repurchase authorization to $20 million, with approximately 2.5 million shares already repurchased for $4.6 million.
Great Elm Group (NASDAQ: GEG) reported its fiscal 2024 Q4 and full-year results. Key highlights include:
- Q4 revenue tripled to $8.9 million
- Full-year revenue doubled to $17.8 million
- Q4 net loss from continuing operations improved to ($0.6) million
- Full-year net loss from continuing operations was ($0.9) million
- Q4 Adjusted EBITDA increased to $1.2 million
- Full-year Adjusted EBITDA grew to $4.8 million
- Fee-paying AUM increased 17% year-over-year
- GECC raised over $92 million in new capital
- GEG repurchased 1.2 million shares and $4.2 million of convertible notes
The company made progress in growing its credit and real estate businesses, launching new products, and expanding its platform.
Great Elm Group, Inc. reported financial results for the fiscal third quarter ended March 31, 2024. Key highlights include raising $58.5 million in new capital, a 13% increase in fee-paying assets under management, a 47% growth in total revenue to $2.8 million, and an Adjusted EBITDA of $1.2 million. The company's net loss from continuing operations was ($2.9) million, driven by an unrealized loss on investments. Great Elm Group is focused on scaling its core credit and real estate businesses, launching new investment funds, and diversifying revenue streams.
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