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) is an alternative asset manager active in credit and industrial real estate, and its news flow reflects developments across these platforms. Investors following GEG news can see updates on fee-paying assets under management (FPAUM), total assets under management (AUM), and financial results for the company and its managed vehicles, including Great Elm Capital Corp. (GECC) and Monomoy Properties REIT, LLC.
Company press releases regularly cover quarterly and annual financial results, detailing revenue trends, net income or loss from continuing operations, and adjusted EBITDA. These announcements often explain how management fees, incentive fees from GECC, and real estate-related revenues contribute to Great Elm Group’s performance.
News items also describe strategic transactions and partnerships, such as the formation of Great Elm Real Estate Ventures, LLC, the acquisition of the assets of Greenfield CRE to create Monomoy Construction Services, and capital arrangements with institutional partners like Kennedy Lewis Investment Management LLC and Woodstead Value Fund, L.P. These releases provide context on how new capital, term loans, and equity investments are intended to support growth in the credit and real estate verticals.
In addition, Great Elm Group publishes updates on real estate project activity within the Monomoy platform, including build-to-suit developments, property sales, and construction milestones, as well as capital raising and distribution decisions at GECC. The company also issues notices about conference calls and webcasts for its fiscal quarters and significant transactions, giving dates, times, and access details for investors and other interested parties.
For readers tracking GEG, this news stream offers a way to follow changes in AUM, strategic partnerships, real estate initiatives, and credit performance over time. Regular news releases provide insight into how Great Elm Group is managing its alternative asset platforms and responding to market opportunities across credit and industrial real estate.
Great Elm Group, Inc. (NASDAQ: GEG) will release its fiscal 2021 third quarter results for the period ending March 31, 2021, on May 14, 2021, before market opening. A conference call and webcast will follow at 4:30 p.m. ET on the same day to discuss these financial results. Interested participants can join the call via phone or through a live webcast. Great Elm is focused on investment management and operating companies, positioning itself for future growth. For more details, please refer to the company’s website.
Great Elm Group, Inc. (NASDAQ: GEG) announced its Annual Stockholders’ Meeting is scheduled for May 28, 2021. The proxy statement detailing the meeting will be available by the third week of April for stockholders of record as of April 5, 2021. Great Elm Group operates in investment management and operating companies, aiming to build a diversified business model.
Great Elm Group (GEG) announced a strategic agreement with MAST Capital Management to simplify its capital structure. GEG will issue $2.25 million in 5% Convertible Senior PIK Notes due 2030 to MAST, which will settle existing obligations and relinquish MAST's board appointment rights. This transaction allows GEG to enhance its ownership of GP Corp to over 90%. CEO Peter A. Reed expressed that these moves benefit GEG by acquiring GP Corp notes at a discount and increasing potential future profits for shareholders.
Great Elm Group has expanded its operating footprint in the Midwest by acquiring Advanced Medical DME and PM Sleep Lab, adding over 2,500 patients and nine locations in Kansas and Missouri. The combined entities reported approximately $5 million in pro forma unaudited revenues in 2020. This acquisition allows Great Elm to enhance its service offerings, including potential ventilator and oxygen services, while aiming for operational efficiencies and cost savings.
Great Elm Group, a diversified holding company trading as GEG, reported mixed results for its fiscal 2021 second quarter ending December 31, 2020. Total revenue for DME rose 1% to $14.5 million, but net loss increased to $2.9 million from $0.7 million. Adjusted EBITDA for DME decreased to $1.9 million. Investment Management revenue fell to $0.8 million with a net loss of $0.3 million. A strategic financing transaction with J.P. Morgan resulted in a $37.7 million investment, enhancing DME’s growth potential. The company holds a strong alignment of interest with insiders owning 27% of outstanding shares.
Great Elm Group, Inc. (NASDAQ: GEG) announced it will release its fiscal 2021 second quarter results for the period ending December 31, 2020, on February 16, 2021, before market opening. The company will hold a conference call at 8:30 AM ET on the same day to discuss the financial results, and interested parties can participate via phone or through a webcast. Great Elm operates in investment management and operating companies sectors, aiming for growth and development in these areas.