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) operates as a holding company with a focus on building a diversified portfolio of long-duration, permanent capital vehicles. The company's core operations span across corporate credit, specialty finance, real estate, and other alternative asset classes. Great Elm Group's segmentation is centered on investment management, conducted by an experienced team with over 100 years of combined experience in funding leveraged middle market companies.
Great Elm Group's pioneering investment vehicle is Great Elm Capital Corp. (GECC), a business development company, which exemplifies the firm's strategic approach to capital deployment. The investment team at Great Elm Capital Management has a rich history of managing substantial investments, having deployed over $17 billion into credit investments across more than 550 issuers in 20+ jurisdictions over a 14-year period under Mast Capital Management, LLC.
In addition to GECC, Great Elm Group manages Monomoy Properties REIT, LLC, an industrial-focused real estate investment trust. The company continues to expand its portfolio, focusing on long-term growth and scalability. Recent initiatives highlight the company's commitment to maintaining a strong financial condition and expanding its investment reach.
Latest updates include announcements for their upcoming conference calls and webcasts where they will discuss fiscal year performance and financial results. These events are key opportunities for investors and stakeholders to gain insights into the company's operations and future prospects.
For more information, please visit the official website www.greatelmgroup.com. Investors can also reach out through the provided contact details for media and investor relations queries.
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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