GCM Grosvenor Inc. (NASDAQ:GCMG) Short Interest Update

GCM Grosvenor Inc. (NASDAQ:GCMG) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 1,311,194 shares, a drop of 24.7% from the December 15th total of 1,741,694 shares. Based on an average daily volume of 539,025 shares, the days-to-cover ratio is currently 2.4 days. Approximately 3.0% of the company’s shares are short sold. Approximately 3.0% of the company’s shares are short sold. Based on an average daily volume of 539,025 shares, the days-to-cover ratio is currently 2.4 days.

GCM Grosvenor Stock Up 0.4%

Shares of NASDAQ GCMG traded up $0.05 on Friday, hitting $11.73. The company had a trading volume of 568,940 shares, compared to its average volume of 475,368. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 112.30. GCM Grosvenor has a 12-month low of $10.23 and a 12-month high of $14.48. The firm has a market capitalization of $2.28 billion, a P/E ratio of 18.92 and a beta of 0.80. The business has a 50 day moving average of $11.33 and a two-hundred day moving average of $11.88.

GCM Grosvenor (NASDAQ:GCMG) last posted its 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. The business had revenue of $134.97 million for the quarter, compared to analysts’ expectations of $126.70 million. GCM Grosvenor had a net margin of 6.23% and a negative return on equity of 246.80%. As a group, equities research analysts forecast that GCM Grosvenor will post 0.64 earnings per share for the current fiscal year.

Insider Activity at GCM Grosvenor

In related news, CFO Pamela L. Bentley sold 40,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $11.61, for a total value of $464,400.00. Following the completion of the transaction, the chief financial officer directly owned 43,309 shares in the company, valued at approximately $502,817.49. This represents a 48.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 76.40% of the stock is currently owned by corporate insiders.

Institutional Trading of GCM Grosvenor

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in GCM Grosvenor by 942.2% in the first quarter. Royal Bank of Canada now owns 79,085 shares of the company’s stock valued at $1,046,000 after acquiring an additional 71,497 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of GCM Grosvenor by 81.6% in the 1st quarter. AQR Capital Management LLC now owns 29,403 shares of the company’s stock valued at $389,000 after purchasing an additional 13,214 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of GCM Grosvenor by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company’s stock valued at $339,000 after purchasing an additional 1,412 shares in the last quarter. Millennium Management LLC lifted its position in shares of GCM Grosvenor by 88.9% during the first quarter. Millennium Management LLC now owns 577,977 shares of the company’s stock worth $7,647,000 after purchasing an additional 271,989 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in GCM Grosvenor by 5.0% in the first quarter. Rhumbline Advisers now owns 61,392 shares of the company’s stock worth $812,000 after purchasing an additional 2,930 shares in the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

Wall Street Analyst Weigh In

GCMG has been the subject of several research analyst reports. Piper Sandler dropped their price target on shares of GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Wall Street Zen raised shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings downgraded GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, GCM Grosvenor has a consensus rating of “Moderate Buy” and a consensus price target 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.