George Raymond Zage III Sells 663,480 Shares of Grindr Inc. (NYSE:GRND) Stock

Grindr Inc. (NYSE:GRND) Director George Raymond Zage III sold 663,480 shares of Grindr stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $0.63, for a total transaction of $417,992.40. Following the transaction, the director now owns 72,278,806 shares in the company, valued at $45,535,647.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

George Raymond Zage III also recently made the following trade(s):

• On Tuesday, September 5th, George Raymond Zage III purchased 35,000 shares of Grindr stock. The shares were acquired at an average price of $5.21 per share, for a total transaction of $182,350.00.
• On Thursday, August 31st, George Raymond Zage III acquired 30,000 shares of Grindr stock. The stock was acquired at an average cost of $5.17 per share, with a total value of $155,100.00.
• On Wednesday, August 23rd, George Raymond Zage III purchased 30,000 shares of Grindr stock. The stock was bought at an average cost of $5.45 per share, with a total value of $163,500.00.
• On Monday, August 21st, George Raymond Zage III purchased 30,000 shares of Grindr stock. The shares were purchased at an average price of $5.22 per share, with a total value of $156,600.00.

Grindr Price Performance

NYSE:GRND traded down $0.01 during trading hours on Tuesday, reaching $5.94. The company’s stock had a trading volume of 160,911 shares, compared to its average volume of 264,445. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 15.41. Grindr Inc. has a one year low of $4.49 and a one year high of $71.51. The business’s 50-day moving average is $5.56 and its 200-day moving average is $5.92.

Grindr (NYSE:GRND) last issued its quarterly earnings data on Monday, August 14th. The company reported $0.13 EPS for the quarter. The company had revenue of $61.54 million for the quarter.

Institutional Trading of Grindr

A number of institutional investors and hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System bought a new position in shares of Grindr in the second quarter worth about $64,000. Cubist Systematic Strategies LLC acquired a new position in shares of Grindr during the first quarter worth approximately $65,000. Citigroup Inc. bought a new position in Grindr during the second quarter worth $68,000. California State Teachers Retirement System acquired a new position in Grindr during the 2nd quarter valued at $75,000. Finally, Quinn Opportunity Partners LLC acquired a new stake in Grindr in the 2nd quarter worth $84,000. 6.77% of the stock is currently owned by institutional investors and hedge funds.

About Grindr

Grindr Inc operates social network platform for the LGBTQ community. Its platform enables gay, bisexual, transgender, and queer people to find and engage with each other, share content and experiences, and express themselves. It offers ad-supported service and a premium subscription version; and manages Blendr, a dating service application.