GCM Grosvenor Inc. (NASDAQ:GCMG) Short Interest Down 14.5% in March

GCM Grosvenor Inc. (NASDAQ:GCMG) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 1,477,068 shares, a decline of 14.5% from the February 26th total of 1,726,778 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average trading volume of 788,427 shares, the short-interest ratio is presently 1.9 days.

Analysts Set New Price Targets

Several analysts have recently issued reports on GCMG shares. Oppenheimer reissued an “outperform” rating and set a $24.00 target price on shares of GCM Grosvenor in a report on Wednesday, February 11th. Weiss Ratings downgraded GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

GCM Grosvenor Stock Performance

Shares of GCM Grosvenor stock opened at $9.75 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 3.36. The company has a market cap of $1.97 billion, a PE ratio of 26.35 and a beta of 0.88. The company has a 50 day moving average of $10.93 and a 200-day moving average of $11.37. GCM Grosvenor has a 1-year low of $9.30 and a 1-year high of $13.40.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. GCM Grosvenor had a net margin of 8.14% and a return on equity of 2,505.59%. The business had revenue of $177.10 million for the quarter, compared to analysts’ expectations of $160.20 million. As a group, equities research analysts forecast that GCM Grosvenor will post 0.64 earnings per share for the current fiscal year.

GCM Grosvenor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.12 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.48 annualized dividend and a dividend yield of 4.9%. GCM Grosvenor’s dividend payout ratio (DPR) is presently 129.73%.

Hedge Funds Weigh In On GCM Grosvenor

A number of institutional investors have recently modified their holdings of GCMG. UBS Group AG boosted its stake in GCM Grosvenor by 438.3% in 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 raised its stake 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 worth $11,636,000 after acquiring an additional 967,857 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in GCM Grosvenor by 145.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,529,439 shares of the company’s stock worth $17,313,000 after acquiring an additional 906,608 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of GCM Grosvenor by 231.0% in the third quarter. Millennium Management LLC now owns 1,290,222 shares of the company’s stock worth $15,573,000 after acquiring an additional 900,458 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings 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 during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

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.