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

GCM Grosvenor Inc. (NASDAQ:GCMG) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 7,450,000 shares, an increase of 18.4% from the January 15th total of 6,290,000 shares. Approximately 17.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 347,900 shares, the days-to-cover ratio is currently 21.4 days.

Analyst Ratings Changes

GCMG has been the topic of a number of research analyst reports. TD Cowen lowered GCM Grosvenor from a “buy” rating to a “hold” rating and lowered their target price for the stock from $13.50 to $12.50 in a report on Monday, November 11th. Piper Sandler raised shares of GCM Grosvenor from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $12.50 to $14.00 in a research note on Monday, December 23rd. Oppenheimer increased their target price on shares of GCM Grosvenor from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, UBS Group upped their price target on GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.70.

GCM Grosvenor Stock Up 0.7 %

Shares of GCMG traded up $0.10 during mid-day trading on Friday, reaching $13.85. The company’s stock had a trading volume of 394,722 shares, compared to its average volume of 377,491. The company has a market cap of $2.62 billion, a price-to-earnings ratio of -230.83 and a beta of 0.56. The business has a fifty day moving average of $12.88 and a 200 day moving average of $11.89. GCM Grosvenor has a 1 year low of $8.31 and a 1 year high of $14.44.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). GCM Grosvenor had a negative return on equity of 73.06% and a net margin of 3.08%. On average, analysts predict that GCM Grosvenor will post 0.51 earnings per share for the current year.

GCM Grosvenor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Monday, March 3rd. GCM Grosvenor’s payout ratio is currently -733.33%.

Institutional Investors Weigh In On GCM Grosvenor

A number of large investors have recently bought and sold shares of the business. R Squared Ltd acquired a new position in GCM Grosvenor in the 4th quarter valued at $57,000. Copeland Capital Management LLC bought a new stake in shares of GCM Grosvenor in the third quarter valued at about $58,000. Quantbot Technologies LP raised its holdings in GCM Grosvenor by 1,474.0% in the 4th quarter. Quantbot Technologies LP now owns 9,334 shares of the company’s stock valued at $115,000 after acquiring an additional 8,741 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in shares of GCM Grosvenor in the 4th quarter worth approximately $127,000. Finally, Truist Financial Corp acquired a new position in shares of GCM Grosvenor in the fourth quarter valued at $157,000. 99.95% of the stock is currently owned by institutional investors.

About GCM Grosvenor

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.