7 Best Penny Asset Management Stocks to Buy Now

2. Great Elm Group, Inc. (NASDAQ:GEG)

Price: $2.12

Number of Hedge Fund Holders: 6

Great Elm Group, Inc. (NASDAQ:GEG) is one of the Best Penny Asset Management Stocks to Buy Now. On August 1, Great Elm Group, Inc. (NASDAQ:GEG) announced a major strategic partnership with KLIM, which is an alternative investment firm managing over $30 billion.

Under this partnership, KLIM has agreed to provide $100 million as a term loan to the company’s Monomoy REIT platform. The term loan comes with the option to increase by $50 million later. Moreover, KLIM is also buying 4.9% of Great Elm Group, Inc.’s (NASDAQ:GEG) common stock and gaining a profits interest in Great Elm Real Estate Ventures.

Monomoy is the company’s real estate platform that offers project management, construction, asset management, and other services for industrial real estate tenants.

Great Elm Group, Inc. (NASDAQ:GEG) is an alternative asset management company that focuses on building a diverse portfolio across credit, real estate, specialty finance, and other alternative strategies.