Glacier Peak Capital LLC Invests $3.21 Million in Great Elm Capital Group Inc (GEC) Stock

Glacier Peak Capital LLC bought a new stake in Great Elm Capital Group Inc (NASDAQ:GEC) in the 1st quarter, HoldingsChannel reports. The firm bought 801,674 shares of the software maker’s stock, valued at approximately $3,207,000. Great Elm Capital Group makes up approximately 1.9% of Glacier Peak Capital LLC’s holdings, making the stock its 26th largest position.

A number of other large investors also recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in shares of Great Elm Capital Group by 15.0% during the 4th quarter. Renaissance Technologies LLC now owns 959,509 shares of the software maker’s stock worth $3,886,000 after purchasing an additional 125,488 shares during the period. Monarch Partners Asset Management LLC grew its holdings in shares of Great Elm Capital Group by 55.8% during the 1st quarter. Monarch Partners Asset Management LLC now owns 133,200 shares of the software maker’s stock worth $533,000 after purchasing an additional 47,710 shares during the period. Geode Capital Management LLC grew its holdings in shares of Great Elm Capital Group by 241.4% during the 4th quarter. Geode Capital Management LLC now owns 120,848 shares of the software maker’s stock worth $489,000 after purchasing an additional 85,452 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Great Elm Capital Group by 34.6% during 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 during the period. Institutional investors own 47.87% of the company’s stock.

In other Great Elm Capital Group news, CEO Peter A. Reed acquired 77,170 shares of the company’s stock in a transaction dated Friday, May 25th. The shares were acquired at an average price of $3.80 per share, for a total transaction of $293,246.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adam M. Kleinman acquired 20,000 shares of the company’s stock in a transaction dated Friday, May 25th. The stock was acquired at an average price of $3.80 per share, for a total transaction of $76,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 104,970 shares of company stock worth $398,886. 6.60% of the stock is owned by corporate insiders.

Separately, TheStreet upgraded Great Elm Capital Group from a “d” rating to a “c-” rating in a report on Thursday, May 10th.

Great Elm Capital Group remained flat at $$3.75 during mid-day trading on Thursday, according to Marketbeat Ratings. The company had a trading volume of 100 shares, compared to its average volume of 32,898. Great Elm Capital Group Inc has a 1 year low of $3.20 and a 1 year high of $4.40. The company has a current ratio of 8.05, a quick ratio of 8.05 and a debt-to-equity ratio of 0.92.

Great Elm Capital Group (NASDAQ:GEC) last posted its earnings results on Tuesday, May 15th. The software maker reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.45). Great Elm Capital Group had a negative return on equity of 14.42% and a negative net margin of 95.18%. The firm had revenue of ($0.45) million for the quarter.

About Great Elm Capital Group

Great Elm Capital Group, Inc does not have significant operations. Previously, it was involved in developing patents for allowing mobile devices to connect to the Internet and enabling mobile communications. The company focuses on investment management business. The company was formerly known as Unwired Planet, Inc and changed its name to Great Elm Capital Group, Inc in June 2016.

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Institutional Ownership by Quarter for Great Elm Capital Group (NASDAQ:GEC)

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