GCM Grosvenor Inc. (NASDAQ:GCMG) Short Interest Up 18.4% in January

GCM Grosvenor Inc. (NASDAQ:GCMG) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 7,450,000 shares, an increase of 18.4% from the January 15th total of 6,290,000 shares. Approximately 17.1% of the company’s shares are short sold. Based on an average daily trading volume, of 347,900 shares, the days-to-cover ratio is presently 21.4 days.

Analysts Set New Price Targets

GCMG has been the subject of several recent analyst reports. TD Cowen cut GCM Grosvenor from a “buy” rating to a “hold” rating and cut their target price for the stock from $13.50 to $12.50 in a research note on Monday, November 11th. Piper Sandler raised GCM Grosvenor from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $12.50 to $14.00 in a research note on Monday, December 23rd. UBS Group raised their target price on GCM Grosvenor from $9.50 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Oppenheimer raised 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.70.

Institutional Investors Weigh In On GCM Grosvenor

A number of institutional investors have recently modified their holdings of the company. R Squared Ltd acquired a new position in GCM Grosvenor during the 4th quarter worth $57,000. Copeland Capital Management LLC acquired a new position in GCM Grosvenor during the 3rd quarter worth $58,000. Quantbot Technologies LP grew its stake in GCM Grosvenor by 1,474.0% during the 4th quarter. Quantbot Technologies LP now owns 9,334 shares of the company’s stock worth $115,000 after purchasing an additional 8,741 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in GCM Grosvenor during the 4th quarter worth $127,000. Finally, Truist Financial Corp acquired a new position in GCM Grosvenor during the 4th quarter worth $157,000. 99.95% of the stock is owned by institutional investors and hedge funds.

GCM Grosvenor Trading Up 0.7 %

Shares of NASDAQ GCMG opened at $13.85 on Monday. GCM Grosvenor has a twelve month low of $8.31 and a twelve month high of $14.44. The stock has a fifty day simple moving average of $12.88 and a 200-day simple moving average of $11.90. The stock has a market capitalization of $2.62 billion, a PE ratio of -230.83 and a beta of 0.56.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). GCM Grosvenor had a net margin of 3.08% and a negative return on equity of 73.06%. On average, equities analysts predict that GCM Grosvenor will post 0.51 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.18%. GCM Grosvenor’s payout ratio is presently 1,466.67%.

About GCM Grosvenor

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.