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.
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Rhea-AI Summary
Great Elm Group, Inc. (GEG) announces financial results for the fiscal second quarter ended December 31, 2023, including a $24 million equity capital raise, launch of Great Elm Credit Income Fund, and revenue growth of 50%. Despite a net loss from continuing operations, Adjusted EBITDA improved to $0.6 million. GEG's strategic investments aim to scale the credit platform, while a stock repurchase program has been initiated.
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End-of-Day
4.86%
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Rhea-AI Summary
Great Elm Group, Inc. (NASDAQ: GEG) plans to release financial results for the fiscal quarter ended December 31, 2023, on February 13, 2024. A conference call and webcast will be held on February 14, 2024, to discuss the second-quarter financial results.
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End-of-Day
2.65%
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Rhea-AI Summary
Great Elm Group, Inc. (GEG) has invested $6 million in a special purpose vehicle that acquired $24 million of common stock in GECC at net asset value. The transaction aims to leverage GEG's key attributes to benefit all stakeholders and raise equity at NAV for its permanent capital vehicle, GECC. The investment in the special purpose vehicle is expected to deliver a strong return and allow GEG to grow its recurring revenue streams. GECC is committed to generating durable returns for its shareholders, and the transaction is seen as a validation of this strategy.
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2.65%
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Rhea-AI Summary
Great Elm Group, Inc. (NASDAQ: GEG) announces fiscal first quarter results, with total revenue growing 78% to $3.3 million, $451.4 million in fee paying assets under management, and a $10 million stock repurchase program. Conference call on November 9, 2023 at 8:30 a.m. ET.
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Rhea-AI Sentiment
End-of-Day
2.15%
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Rhea-AI Summary
Great Elm Group, Inc. (NASDAQ: GEG) will release its financial results for the fiscal quarter ended September 30, 2023, on November 8, 2023, and will host a conference call and webcast on November 9, 2023, to discuss the results.
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Rhea-AI Sentiment
End-of-Day
2.78%
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Rhea-AI Summary
Great Elm Group, Inc. announces financial results for Q4 and FY 2023, with total revenue growing 96% to $3.0 million in Q4 and 92% to $8.7 million for the fiscal year. Net loss from continuing operations was ($5.3) million for Q4, but net income from continuing operations for the fiscal year was $14.5 million. Adjusted EBITDA was $0.4 million for Q4 and $1.0 million for the fiscal year. Fee paying assets under management grew 2% sequentially to $448.7 million and total AUM grew 1% sequentially to $639.8 million. The company collected $1.0 million in incentive fees from Great Elm Capital Corp. for the first time in its history. The company sold its DME business for $80 million, resulting in $26 million in net cash proceeds and 346,028 shares of Quipt Home Medical Corp. common stock. The company exercised a put right for the remaining 19% of the equity interests in Forest Investments, Inc., resulting in combined cash proceeds from the Forest sales of approximately $45 million.
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-2.75%
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Rhea-AI Summary
Great Elm Group, Inc. plans to release financial results for Q4 and full year 2023 on September 20. Conference call and webcast scheduled for September 21 at 8:30 a.m. ET.
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Great Elm Group, Inc. announced the resignation of Brent Pearson as CFO and the appointment of Keri Davis as CFO. Davis will also continue as CFO of Great Elm Capital Corp. Davis has over fifteen years of finance and accounting experience in the asset management space.
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0.53%
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Great Elm Group, Inc. announces financial results for Q3 2023, appoints new CEO, and provides transaction updates
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End-of-Day
5.21%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.21%
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Great Elm Group, Inc.
Nasdaq:GEG
GEG Rankings
GEG Stock Data
58.83M
11.35M
13.48%
65.07%
0.04%
Software Publishers
Information
United States of America
WALTHAM
About GEG
the great elm capital management (“gecm”) investment team has deep experience investing in leveraged middle market companies. the gecm team has deployed more than $17 billion into credit investments in more than 550 issuers across 20+ jurisdictions over its 14-year history under mast capital management, llc (“mast”). led by peter a. reed, gecm’s investment team has more than 100 years of experience in the aggregate financing and investing in leveraged middle market companies. great elm’s first investment vehicle is great elm capital corp. (“gecc”), a business development company. for more information, please visit: www.greatelmcc.com.