Great Elm Group Reports Fiscal 2024 Third Quarter Financial Results
Great Elm Group, Inc. (GEG)
Company Research
Source: GlobeNewswire
PALM BEACH GARDENS, Fla., May 08, 2024 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal third quarter ended March 31, 2024. Fiscal Third Quarter 2024 and Other Recent Highlights Great Elm Capital Corp. (“GECC”), raised approximately $58.5 million new capital since December 31, 2023, positioning GEG to grow management and incentive fee revenue.Fee-paying assets under management (“FPAUM”) and assets under management (“AUM”) increased 13% and 9%, respectively, from March 31, 2023.Pro forma FPAUM1 totaled approximately $521 million, up 19% from March 31, 2023, including the net proceeds from GECC’s April capital raising initiatives.Pro forma AUM totaled approximately $716 million, up 14% from March 31, 2023, including the net proceeds from GECC’s April capital raising initiatives.Great Elm collected incentive fees for the fourth consecutive qu
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News
- Great Elm Capital Corp. (“GECC”) Raises $12 Million of Equity at Net Asset Value [Yahoo! Finance]Yahoo! Finance
- Great Elm Group Third Quarter 2024 Earnings: US$0.10 loss per share (vs US$0.016 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Great Elm Capital (GECC) Lags Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
GEG
Sec Filings
- 5/23/24 - Form 4
- 5/23/24 - Form 4
- 5/21/24 - Form 4
- GEG's page on the SEC website