Great Elm Shares Hold Steady at $2.16 Before Holiday. What’s Next for the Stock
Great Elm Group shares closed unchanged at $2.16 Friday on light volume, with trading paused until Tuesday for Memorial Day. The company reported a wider quarterly net loss of $13.5 million, citing unrealized losses tied to its stake in Great Elm Capital Corp. Its board recently increased the share buyback authorization to $40 million. Market value stood near $67.7 million.