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

GCM Grosvenor Inc. (NASDAQ:GCMG) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 1,531,289 shares, a drop of 19.1% from the March 31st total of 1,892,230 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 479,336 shares, the short-interest ratio is currently 3.2 days.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GCMG shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GCM Grosvenor in a research note on Friday, April 10th. Oppenheimer cut their target price on shares of GCM Grosvenor from $24.00 to $17.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Finally, Piper Sandler reduced their price target on shares of GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, GCM Grosvenor currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

GCM Grosvenor Stock Up 1.9%

Shares of NASDAQ:GCMG traded up $0.20 on Thursday, reaching $10.92. The company had a trading volume of 263,825 shares, compared to its average volume of 380,171. The firm has a market capitalization of $2.21 billion, a PE ratio of 29.51 and a beta of 0.88. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 3.36. GCM Grosvenor has a 52-week low of $9.30 and a 52-week high of $13.22. The firm’s 50 day simple moving average is $10.60 and its 200-day simple moving average is $11.10.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. GCM Grosvenor had a return on equity of 2,505.59% and a net margin of 8.14%.The firm had revenue of $177.10 million during the quarter, compared to analysts’ expectations of $160.20 million. As a group, analysts expect that GCM Grosvenor will post 0.71 earnings per share for the current fiscal year.

GCM Grosvenor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Monday, March 2nd. GCM Grosvenor’s dividend payout ratio (DPR) is currently 129.73%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GCMG. North Star Investment Management Corp. lifted its position in GCM Grosvenor by 41.3% during the first quarter. North Star Investment Management Corp. now owns 297,518 shares of the company’s stock valued at $2,916,000 after acquiring an additional 87,000 shares during the last quarter. Invesco Ltd. boosted its stake in GCM Grosvenor by 14.4% in the fourth quarter. Invesco Ltd. now owns 98,371 shares of the company’s stock valued at $1,114,000 after acquiring an additional 12,391 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in GCM Grosvenor by 12.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 17,518 shares of the company’s stock worth $198,000 after purchasing an additional 1,926 shares during the last quarter. XTX Topco Ltd increased its position in shares of GCM Grosvenor by 280.1% during the fourth quarter. XTX Topco Ltd now owns 79,363 shares of the company’s stock worth $898,000 after purchasing an additional 58,484 shares in the last quarter. Finally, Numerai GP LLC increased its position in shares of GCM Grosvenor by 361.7% during the fourth quarter. Numerai GP LLC now owns 64,811 shares of the company’s stock worth $734,000 after purchasing an additional 50,775 shares in the last quarter. 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.