In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Great Elm Capital Group Inc. (NASDAQ:GEC) reported that MAST Capital has picked up 1,947,735 of common stock as of 2017-05-25.
The acquisition brings the aggregate amount owned by MAST Capital to a total of 1,947,735 representing less than 8.4% stake in the company.
For those not familiar with the company, Great Elm Capital Group, Inc. (“Great Elm”) is a publicly-traded holding company. Over the next five years, Great Elm intends to build a diversified investment company comprised of the following three business lines: investment management, financial products and merchant banking.
A glance at Great Elm Capital Group Inc. (NASDAQ:GEC)’s key stats reveals a current market capitalization of 76.56 Million based on 23.20 Million shares outstanding and a price at last close of $3.30 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-12, Wilson picked up 18,000 at a purchase price of $3.30. This brings their total holding to 105,538 as of the date of the filing.
On the sell side, the most recent transaction saw Mast unload 488,486 shares at a sale price of $3.30. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Great Elm Capital Group Inc. (NASDAQ:GEC) as things move forward to see if its progress aligns with these transactions.
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