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

GCM Grosvenor Inc. (NASDAQ:GCMG) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,726,778 shares, an increase of 53.2% from the February 12th total of 1,127,031 shares. Based on an average daily volume of 530,668 shares, the days-to-cover ratio is presently 3.3 days. Currently, 3.8% of the company’s stock are short sold. Currently, 3.8% of the company’s stock are short sold. Based on an average daily volume of 530,668 shares, the days-to-cover ratio is presently 3.3 days.

GCM Grosvenor Stock Down 0.6%

NASDAQ GCMG traded down $0.06 on Friday, reaching $10.35. The company had a trading volume of 1,058,954 shares, compared to its average volume of 679,209. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 3.36. The company’s fifty day moving average is $11.40 and its 200 day moving average is $11.64. GCM Grosvenor has a 52-week low of $9.86 and a 52-week high of $13.55. The stock has a market capitalization of $2.10 billion, a P/E ratio of 27.97 and a beta of 0.80.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $177.10 million for the quarter, compared to the consensus estimate of $160.20 million. GCM Grosvenor had a net margin of 8.14% and a return on equity of 2,505.59%. Sell-side analysts anticipate that GCM Grosvenor will post 0.64 earnings per share for the current fiscal year.

GCM Grosvenor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, March 2nd. GCM Grosvenor’s dividend payout ratio is presently 129.73%.

Analyst Ratings Changes

A number of research firms have weighed in on GCMG. Oppenheimer reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of GCM Grosvenor in a research note on Wednesday, February 11th. Weiss Ratings lowered shares of GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Wall Street Zen raised shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Insider Buying and Selling

In other GCM Grosvenor news, CFO Pamela L. Bentley sold 40,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $11.61, for a total transaction of $464,400.00. Following the completion of the sale, the chief financial officer owned 43,309 shares in the company, valued at approximately $502,817.49. The trade was a 48.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 76.40% of the company’s stock.

Institutional Investors Weigh In On GCM Grosvenor

Several institutional investors and hedge funds have recently added to or reduced their stakes in GCMG. Cornerstone Investment Partners LLC boosted its stake in shares of GCM Grosvenor by 2.3% in the 3rd quarter. Cornerstone Investment Partners LLC now owns 39,645 shares of the company’s stock worth $479,000 after buying an additional 876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of GCM Grosvenor by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company’s stock valued at $339,000 after acquiring an additional 1,412 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of GCM Grosvenor by 44.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock valued at $52,000 after acquiring an additional 1,417 shares during the last quarter. Taylor Frigon Capital Management LLC lifted its holdings in GCM Grosvenor by 1.0% during the fourth quarter. Taylor Frigon Capital Management LLC now owns 154,837 shares of the company’s stock worth $1,753,000 after acquiring an additional 1,573 shares during the period. Finally, National Bank of Canada FI lifted its holdings in GCM Grosvenor by 65.5% during the third quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock worth $53,000 after acquiring an additional 1,743 shares during the period. Hedge funds and other institutional investors 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.