GCM Grosvenor Inc. (NASDAQ:GCMG) Sees Large Increase in Short Interest

GCM Grosvenor Inc. (NASDAQ:GCMGGet Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 2,620,000 shares, an increase of 6.9% from the May 15th total of 2,450,000 shares. Approximately 6.1% of the shares of the company are short sold. Based on an average trading volume of 167,800 shares, the short-interest ratio is presently 15.6 days.

Analyst Ratings Changes

GCMG has been the topic of several research reports. Piper Sandler upped their price target on GCM Grosvenor from $10.00 to $10.50 and gave the company a “neutral” rating in a research report on Monday, May 20th. TD Cowen upped their price target on GCM Grosvenor from $11.00 to $11.50 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, UBS Group upped their price target on GCM Grosvenor from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Friday, April 12th.

Get Our Latest Stock Report on GCM Grosvenor

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GCMG. SG Americas Securities LLC bought a new position in shares of GCM Grosvenor in the fourth quarter worth $109,000. New York State Common Retirement Fund grew its stake in shares of GCM Grosvenor by 30.3% in the fourth quarter. New York State Common Retirement Fund now owns 9,951 shares of the company’s stock worth $89,000 after purchasing an additional 2,312 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of GCM Grosvenor by 65.0% in the fourth quarter. Russell Investments Group Ltd. now owns 550,655 shares of the company’s stock worth $4,934,000 after purchasing an additional 216,964 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of GCM Grosvenor in the fourth quarter worth $117,000. Finally, Wasatch Advisors LP grew its stake in shares of GCM Grosvenor by 111.5% in the first quarter. Wasatch Advisors LP now owns 2,342,156 shares of the company’s stock worth $22,625,000 after purchasing an additional 1,234,505 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Trading Up 1.1 %

GCMG traded up $0.11 during trading on Wednesday, reaching $9.73. 95,245 shares of the company were exchanged, compared to its average volume of 105,822. The stock has a market cap of $1.83 billion, a P/E ratio of -30.41 and a beta of 0.54. The firm has a 50 day moving average of $9.69 and a 200 day moving average of $9.11. GCM Grosvenor has a 52 week low of $7.00 and a 52 week high of $10.20.

GCM Grosvenor (NASDAQ:GCMGGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The company had revenue of $108.87 million for the quarter, compared to the consensus estimate of $114.23 million. GCM Grosvenor had a negative return on equity of 67.14% and a net margin of 3.55%. As a group, analysts forecast that GCM Grosvenor will post 0.52 earnings per share for the current fiscal year.

GCM Grosvenor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 4.52%. GCM Grosvenor’s payout ratio is currently -137.50%.

GCM Grosvenor Company Profile

(Get Free Report)

GCM Grosvenor Inc is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities.

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