Short Interest in GCM Grosvenor Inc. (NASDAQ:GCMG) Decreases By 24.7%

GCM Grosvenor Inc. (NASDAQ:GCMG) saw a large drop in short interest in 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. Approximately 3.0% of the shares of the company are short sold. Based on an average trading volume of 539,025 shares, the days-to-cover ratio is currently 2.4 days. Based on an average trading volume of 539,025 shares, the days-to-cover ratio is currently 2.4 days. Approximately 3.0% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GCMG shares. Wall Street Zen upgraded shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Weiss Ratings lowered GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Piper Sandler reduced their price objective on GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.67.

GCM Grosvenor Stock Performance

GCMG traded up $0.05 during trading hours on Friday, hitting $11.73. The company’s stock had a trading volume of 568,940 shares, compared to its average volume of 475,368. The company has a 50-day simple moving average of $11.33 and a 200 day simple moving average of $11.88. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 112.30. The firm has a market capitalization of $2.28 billion, a PE ratio of 18.92 and a beta of 0.80. GCM Grosvenor has a fifty-two week low of $10.23 and a fifty-two week high of $14.48.

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

Insider Buying and Selling at GCM Grosvenor

In related news, CFO Pamela L. Bentley sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $464,400.00. Following the sale, the chief financial officer directly owned 43,309 shares of the company’s stock, valued at approximately $502,817.49. This represents a 48.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 76.40% of the company’s stock.

Institutional Trading of GCM Grosvenor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Investment Partners LLC boosted its holdings in shares of GCM Grosvenor by 2.3% in the third quarter. Cornerstone Investment Partners LLC now owns 39,645 shares of the company’s stock valued at $479,000 after acquiring an additional 876 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 purchasing an additional 1,412 shares in the last quarter. National Bank of Canada FI boosted its stake in GCM Grosvenor by 65.5% during the 3rd quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock valued at $53,000 after purchasing an additional 1,743 shares in the last quarter. CWM LLC boosted its stake in GCM Grosvenor by 83.6% during the 3rd quarter. CWM LLC now owns 4,199 shares of the company’s stock valued at $51,000 after purchasing an additional 1,912 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of GCM Grosvenor by 3.0% during the 3rd quarter. Rhumbline Advisers now owns 66,655 shares of the company’s stock valued at $805,000 after purchasing an additional 1,964 shares during the period. 99.95% of the stock is currently owned by institutional investors.

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.