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

GCM Grosvenor Inc. (NASDAQ:GCMG) was the recipient 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. Based on an average daily trading volume, of 839,404 shares, the short-interest ratio is currently 2.1 days. Approximately 4.0% of the company’s stock are sold short. Approximately 4.0% of the company’s stock are sold short. Based on an average daily trading volume, of 839,404 shares, the short-interest ratio is currently 2.1 days.

GCM Grosvenor Stock Up 0.1%

Shares of NASDAQ:GCMG traded up $0.01 on Tuesday, reaching $11.41. The company had a trading volume of 376,135 shares, compared to its average volume of 685,710. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 112.30. The firm has a market capitalization of $2.22 billion, a PE ratio of 40.75 and a beta of 0.90. The firm’s 50 day simple moving average is $11.34 and its 200-day simple moving average is $11.88. GCM Grosvenor has a 52-week low of $10.23 and a 52-week high of $14.48.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings results 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 company had revenue of $134.97 million during the quarter, compared to analysts’ expectations of $126.70 million. As a group, analysts expect that GCM Grosvenor will post 0.64 earnings per share for the current fiscal year.

GCM Grosvenor Announces Dividend

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

Insider Buying and Selling at GCM Grosvenor

In related news, CFO Pamela L. Bentley sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $11.61, for a total transaction of $464,400.00. Following the transaction, the chief financial officer directly owned 43,309 shares of the company’s stock, valued at $502,817.49. This trade represents a 48.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 77.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. CWM LLC raised its stake in shares of GCM Grosvenor by 83.6% in the 3rd quarter. CWM LLC now owns 4,199 shares of the company’s stock valued at $51,000 after purchasing an additional 1,912 shares in the last quarter. National Bank of Canada FI increased its position in shares of GCM Grosvenor by 65.5% during the 3rd quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock valued at $53,000 after purchasing an additional 1,743 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of GCM Grosvenor by 308.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock valued at $67,000 after buying an additional 4,362 shares in the last quarter. Quarry LP acquired a new position in GCM Grosvenor in the 3rd quarter worth approximately $71,000. Finally, Legal & General Group Plc lifted its position in GCM Grosvenor by 96.8% in the 2nd quarter. Legal & General Group Plc now owns 8,638 shares of the company’s stock worth $100,000 after buying an additional 4,249 shares in the last quarter. 99.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GCMG has been the subject of a number of research reports. Wall Street Zen raised shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of GCM Grosvenor in a research report on Monday. Finally, Piper Sandler dropped their price target on shares of GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.67.

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.