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

GCM Grosvenor Inc. (NASDAQ:GCMG) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 5,900,000 shares, an increase of 6.7% from the December 15th total of 5,530,000 shares. Based on an average daily volume of 274,700 shares, the short-interest ratio is currently 21.5 days. Approximately 13.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On GCM Grosvenor

Several hedge funds have recently added to or reduced their stakes in GCMG. Rhumbline Advisers raised its stake in shares of GCM Grosvenor by 2.4% during the second quarter. Rhumbline Advisers now owns 58,772 shares of the company’s stock valued at $574,000 after acquiring an additional 1,402 shares during the last quarter. Renaissance Technologies LLC increased its holdings in GCM Grosvenor by 9.9% in the second quarter. Renaissance Technologies LLC now owns 482,400 shares of the company’s stock valued at $4,708,000 after purchasing an additional 43,600 shares during the period. Blair William & Co. IL raised its position in GCM Grosvenor by 14.4% during the 2nd quarter. Blair William & Co. IL now owns 188,077 shares of the company’s stock worth $1,836,000 after purchasing an additional 23,635 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in GCM Grosvenor by 374.3% during the 2nd quarter. Squarepoint Ops LLC now owns 91,437 shares of the company’s stock worth $892,000 after buying an additional 72,160 shares during the period. Finally, Ariel Investments LLC grew its position in shares of GCM Grosvenor by 1.5% in the 2nd quarter. Ariel Investments LLC now owns 4,546,096 shares of the company’s stock valued at $44,370,000 after buying an additional 66,016 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

GCM Grosvenor Stock Up 0.1 %

Shares of GCMG opened at $12.99 on Tuesday. The business has a 50-day simple moving average of $12.32 and a two-hundred day simple moving average of $11.48. GCM Grosvenor has a 12-month low of $8.05 and a 12-month high of $13.09. The stock has a market cap of $2.46 billion, a PE ratio of -216.50 and a beta of 0.56.

GCM Grosvenor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.11 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 3.39%. GCM Grosvenor’s dividend payout ratio (DPR) is presently -733.33%.

Wall Street Analysts Forecast Growth

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

GCM Grosvenor Company Profile

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.