Short Interest in GCM Grosvenor Inc. (NASDAQ:GCMG) Increases By 43.3%

GCM Grosvenor Inc. (NASDAQ:GCMG) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 5,530,000 shares, an increase of 43.3% from the November 30th total of 3,860,000 shares. Based on an average daily volume of 249,600 shares, the short-interest ratio is presently 22.2 days. Currently, 12.7% of the shares of the company are sold short.

Institutional Trading of GCM Grosvenor

Several institutional investors have recently made changes to their positions in GCMG. Rhumbline Advisers increased its position in shares of GCM Grosvenor by 2.4% during the second quarter. Rhumbline Advisers now owns 58,772 shares of the company’s stock worth $574,000 after acquiring an additional 1,402 shares during the period. Geode Capital Management LLC raised its position in GCM Grosvenor by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company’s stock valued at $11,375,000 after purchasing an additional 2,607 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of GCM Grosvenor by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 120,317 shares of the company’s stock valued at $1,362,000 after buying an additional 3,047 shares during the period. Prime Capital Investment Advisors LLC grew its position in shares of GCM Grosvenor by 3.5% during the third quarter. Prime Capital Investment Advisors LLC now owns 108,109 shares of the company’s stock worth $1,224,000 after buying an additional 3,617 shares in the last quarter. Finally, Copeland Capital Management LLC purchased a new stake in shares of GCM Grosvenor during the third quarter worth approximately $58,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. TD Cowen cut GCM Grosvenor from a “buy” rating to a “hold” rating and cut their price objective for the company from $13.50 to $12.50 in a research report on Monday, November 11th. Oppenheimer lifted their price target on shares of GCM Grosvenor from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Piper Sandler raised shares of GCM Grosvenor from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $12.50 to $14.00 in a report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, GCM Grosvenor currently has an average rating of “Hold” and an average target price of $13.70.

GCM Grosvenor Trading Up 1.1 %

GCMG traded up $0.13 on Monday, hitting $12.35. 127,698 shares of the company’s stock were exchanged, compared to its average volume of 196,171. GCM Grosvenor has a fifty-two week low of $8.05 and a fifty-two week high of $12.58. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of -205.83 and a beta of 0.56. The firm has a 50-day moving average price of $12.04 and a 200-day moving average price of $11.16.

GCM Grosvenor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 3.56%. GCM Grosvenor’s dividend payout ratio (DPR) is -733.33%.

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.