Form 4: Northern Right Capital Increases Stake in Great Elm Group

Northern Right Capital Management, L.P. and affiliated entities have increased their holdings in Great Elm Group, Inc. through a series of open market purchases.

Summary

• Northern Right Capital Management, L.P., along with Northern Right Capital (QP), L.P. and BC Advisors LLC, filed a Form 4 disclosing changes in their beneficial ownership of Great Elm Group, Inc. (GEG) common stock.
• The filing reports purchases of GEG common stock on May 21, 2024, May 22, 2024, and May 23, 2024.
• These purchases were made by managed accounts on behalf of investment advisory clients of Northern Right Capital Management, L.P.
• The total number of shares beneficially owned following these transactions is 4,243,168.
• The weighted average purchase prices ranged from $1.7536 to $1.7717 per share.
• Northern Right Capital (QP), L.P. directly owns 2,279,478 shares, while managed accounts own 1,963,690 shares.
• The reporting persons disclaim beneficial ownership of the securities reported herein that may be beneficially owned by any of the other Reporting Persons, in each case, except to the extent of any pecuniary interest therein.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The increased investment suggests confidence, but the filing itself is a routine disclosure.

Positives

• Increased investment by Northern Right Capital could be seen as a positive signal about Great Elm Group's prospects.

Industry Context

This filing reflects ongoing investment activity by a significant shareholder in Great Elm Group, which is common in the investment management industry.

Stakeholder Impact

• The increased investment could positively impact shareholder confidence.

Key Dates