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

GCM Grosvenor Inc. (NASDAQ:GCMG) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 1,741,694 shares, a decline of 31.6% from the November 30th total of 2,544,788 shares. Based on an average trading volume of 839,404 shares, the days-to-cover ratio is presently 2.1 days. Currently, 4.0% of the shares of the company are sold short. Currently, 4.0% of the shares of the company are sold short. Based on an average trading volume of 839,404 shares, the days-to-cover ratio is presently 2.1 days.

Insider Activity

In other news, CFO Pamela L. Bentley sold 40,000 shares of the firm’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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 77.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GCM Grosvenor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Investment Partners LLC increased its stake in 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 purchasing an additional 876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in GCM Grosvenor by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company’s stock valued at $339,000 after buying an additional 1,412 shares during the period. National Bank of Canada FI grew its holdings in GCM Grosvenor by 65.5% in the 3rd 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 last quarter. CWM LLC grew its holdings in GCM Grosvenor by 83.6% in the 3rd quarter. CWM LLC now owns 4,199 shares of the company’s stock worth $51,000 after acquiring an additional 1,912 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of GCM Grosvenor by 3.0% in the third quarter. Rhumbline Advisers now owns 66,655 shares of the company’s stock valued at $805,000 after acquiring an additional 1,964 shares during the period. 99.95% of the stock is currently owned by institutional investors.

GCM Grosvenor Price Performance

Shares of GCM Grosvenor stock traded down $0.05 during trading on Monday, hitting $11.40. 261,550 shares of the stock traded hands, compared to its average volume of 572,071. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 40.71 and a beta of 0.90. 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 52 week low of $10.23 and a 52 week high of $14.48. The firm’s fifty day moving average is $11.35 and its 200-day moving average is $11.89.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $134.97 million for the quarter, compared to the consensus estimate of $126.70 million. GCM Grosvenor had a net margin of 6.23% and a negative return on equity of 246.80%. Research analysts expect that GCM Grosvenor will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.12 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.48 annualized dividend and a dividend yield of 4.2%. GCM Grosvenor’s payout ratio is currently 171.43%.

Analysts Set New Price Targets

A number of analysts recently issued reports on GCMG shares. Piper Sandler dropped their price objective on GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Wall Street Zen upgraded GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of GCM Grosvenor in a research report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.67.

GCM Grosvenor Company Profile

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.