Short Interest in GCM Grosvenor Inc. (NASDAQ:GCMG) Drops By 31.6%

GCM Grosvenor Inc. (NASDAQ:GCMG) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,741,694 shares, a decrease of 31.6% from the November 30th total of 2,544,788 shares. Currently, 4.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 839,404 shares, the short-interest ratio is presently 2.1 days. Based on an average daily trading volume, of 839,404 shares, the short-interest ratio is presently 2.1 days. Currently, 4.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of brokerages have recently commented on GCMG. Wall Street Zen raised GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Piper Sandler lowered their price target on shares of GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of GCM Grosvenor in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.67.

GCM Grosvenor Price Performance

GCM Grosvenor stock traded down $0.09 during mid-day trading on Wednesday, hitting $11.32. 408,719 shares of the company were exchanged, compared to its average volume of 570,634. GCM Grosvenor has a 12-month low of $10.23 and a 12-month high of $14.48. The company has a market capitalization of $2.20 billion, a P/E ratio of 40.43 and a beta of 0.90. The business’s 50 day simple moving average is $11.34 and its two-hundred day simple moving average is $11.88. The company has a debt-to-equity ratio of 112.30, a current ratio of 2.76 and a quick ratio of 2.76.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. GCM Grosvenor had a negative return on equity of 246.80% and a net margin of 6.23%.The firm had revenue of $134.97 million during the quarter, compared to analysts’ expectations of $126.70 million. Analysts forecast that GCM Grosvenor will post 0.64 earnings per share for the current fiscal year.

GCM Grosvenor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.2%. GCM Grosvenor’s payout ratio is currently 171.43%.

Insiders Place Their Bets

In other news, CFO Pamela L. Bentley sold 40,000 shares of GCM Grosvenor stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $464,400.00. Following the transaction, the chief financial officer owned 43,309 shares in the company, valued at $502,817.49. The trade was a 48.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 77.30% of the company’s stock.

Hedge Funds Weigh In On GCM Grosvenor

A number of large investors have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of GCM Grosvenor during the 2nd quarter worth about $43,384,000. UBS Group AG lifted its position in GCM Grosvenor by 438.3% during the third quarter. UBS Group AG now owns 1,833,941 shares of the company’s stock valued at $22,136,000 after buying an additional 1,493,250 shares in the last quarter. Marshall Wace LLP lifted its position in GCM Grosvenor by 2,502.0% during the second quarter. Marshall Wace LLP now owns 1,006,541 shares of the company’s stock valued at $11,636,000 after buying an additional 967,857 shares in the last quarter. Millennium Management LLC grew its stake in GCM Grosvenor by 231.0% during the third quarter. Millennium Management LLC now owns 1,290,222 shares of the company’s stock worth $15,573,000 after buying an additional 900,458 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in shares of GCM Grosvenor by 200.0% in the third quarter. Qube Research & Technologies Ltd now owns 706,848 shares of the company’s stock worth $8,532,000 after acquiring an additional 471,223 shares in the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.