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

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

GCM Grosvenor Stock Up 0.2%

NASDAQ:GCMG traded up $0.02 during trading hours on Friday, hitting $10.94. 339,424 shares of the company’s stock traded hands, compared to its average volume of 376,839. The firm has a market cap of $2.22 billion, a P/E ratio of 29.57 and a beta of 0.88. GCM Grosvenor has a twelve month low of $9.30 and a twelve month high of $13.22. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.72 and a current ratio of 1.72. The stock’s fifty day moving average price is $10.60 and its two-hundred day moving average price is $11.10.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.07. The firm had revenue of $177.10 million for the quarter, compared to analyst estimates of $160.20 million. GCM Grosvenor had a return on equity of 2,505.59% and a net margin of 8.14%. On average, research analysts expect that GCM Grosvenor will post 0.71 earnings per share for the current fiscal year.

GCM Grosvenor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, March 2nd. GCM Grosvenor’s payout ratio is presently 129.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GCMG shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GCM Grosvenor in a research report on Friday, April 10th. Oppenheimer cut their target price on 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 cut their target price on GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. CWM LLC raised its position in GCM Grosvenor by 83.6% during the third quarter. CWM LLC now owns 4,199 shares of the company’s stock valued at $51,000 after buying an additional 1,912 shares during the period. CANADA LIFE ASSURANCE Co raised its position in GCM Grosvenor by 44.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock valued at $52,000 after buying an additional 1,417 shares during the period. National Bank of Canada FI raised its position in GCM Grosvenor by 65.5% during the third quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock valued at $53,000 after buying an additional 1,743 shares during the period. Tower Research Capital LLC TRC raised its position in GCM Grosvenor by 308.5% during the second quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock valued at $67,000 after buying an additional 4,362 shares during the period. Finally, Quarry LP acquired a new position in GCM Grosvenor in the 3rd quarter worth about $71,000. 99.95% of the stock is owned by institutional investors and hedge funds.

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.