Grindr Inc. $GRND Holdings Decreased by HC Advisors LLC

HC Advisors LLC lowered its stake in shares of Grindr Inc. (NYSE:GRND) by 6.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,657 shares of the company’s stock after selling 17,527 shares during the quarter. Grindr comprises approximately 4.0% of HC Advisors LLC’s investment portfolio, making the stock its 8th largest holding. HC Advisors LLC’s holdings in Grindr were worth $5,690,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GRND. CWM LLC grew its position in Grindr by 838.5% during the 1st quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $34,000 after purchasing an additional 1,719 shares during the last quarter. Huntington National Bank acquired a new stake in shares of Grindr during the second quarter worth $64,000. USA Financial Formulas purchased a new stake in shares of Grindr during the second quarter valued at $83,000. KLP Kapitalforvaltning AS grew its holdings in shares of Grindr by 46.0% during the second quarter. KLP Kapitalforvaltning AS now owns 7,300 shares of the company’s stock valued at $166,000 after buying an additional 2,300 shares during the last quarter. Finally, Ethic Inc. acquired a new position in shares of Grindr in the 2nd quarter valued at $209,000. 7.22% of the stock is currently owned by institutional investors and hedge funds.

Grindr Trading Up 11.2%

Grindr stock opened at $15.11 on Friday. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.43. The firm has a market cap of $2.90 billion, a PE ratio of -40.84 and a beta of 0.22. The stock’s 50 day simple moving average is $14.48 and its two-hundred day simple moving average is $18.69. Grindr Inc. has a 12 month low of $11.73 and a 12 month high of $25.13.

Grindr (NYSE:GRND) last posted its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $115.77 million during the quarter, compared to analysts’ expectations of $113.53 million. Grindr had a negative net margin of 11.99% and a positive return on equity of 71.51%. The business’s revenue was up 29.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. Grindr has set its FY 2025 guidance at EPS. Analysts anticipate that Grindr Inc. will post 0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GRND. JMP Securities lowered their price target on Grindr from $27.00 to $23.00 and set a “market outperform” rating for the company in a research report on Monday, August 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Grindr in a research note on Wednesday, October 8th. Raymond James Financial decreased their target price on Grindr from $26.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Grindr from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Insider Activity

In related news, Director James Fu Bin Lu sold 1,000,000 shares of Grindr stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $13.15, for a total value of $13,150,000.00. Following the completion of the transaction, the director owned 25,588,867 shares in the company, valued at $336,493,601.05. The trade was a 3.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vandana Mehta-Krantz sold 43,565 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $16.89, for a total value of $735,812.85. Following the transaction, the chief financial officer owned 688,047 shares in the company, valued at $11,621,113.83. This represents a 5.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,377,455 shares of company stock worth $30,944,612. 67.70% of the stock is currently owned by insiders.

Grindr Company Profile

Grindr Inc operates social network and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide. Its platform enables LGBTQ people to find and engage with each other, share content and experiences, and express themselves. The company offers ad-supported service and a premium subscription version.