GCM Grosvenor Inc. (NASDAQ:GCMG – Get Free Report) was the recipient of a significant decline in short interest during 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. Based on an average trading volume of 479,336 shares, the short-interest ratio is presently 3.2 days. Approximately 3.2% of the shares of the company are sold short.
Institutional Trading of GCM Grosvenor
Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in shares of GCM Grosvenor by 942.2% in the first quarter. Royal Bank of Canada now owns 79,085 shares of the company’s stock valued at $1,046,000 after purchasing an additional 71,497 shares during the period. AQR Capital Management LLC grew its position in GCM Grosvenor by 81.6% in the 1st quarter. AQR Capital Management LLC now owns 29,403 shares of the company’s stock valued at $389,000 after buying an additional 13,214 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in GCM Grosvenor by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company’s stock valued at $339,000 after buying an additional 1,412 shares during the last quarter. Millennium Management LLC increased its stake in GCM Grosvenor by 88.9% in the 1st quarter. Millennium Management LLC now owns 577,977 shares of the company’s stock valued at $7,647,000 after buying an additional 271,989 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in GCM Grosvenor by 200.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 285,477 shares of the company’s stock valued at $3,300,000 after buying an additional 190,486 shares during the period. 99.95% of the stock is owned by institutional investors and hedge funds.
GCM Grosvenor Stock Performance
NASDAQ:GCMG traded up $0.02 during trading hours on Friday, reaching $10.94. 339,424 shares of the company’s stock were exchanged, compared to its average volume of 376,839. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 29.57 and a beta of 0.88. The company has a 50-day moving average of $10.60 and a 200 day moving average of $11.10. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 3.36. GCM Grosvenor has a 1-year low of $9.30 and a 1-year high of $13.22.
GCM Grosvenor Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.48 annualized dividend and a yield of 4.4%. GCM Grosvenor’s dividend payout ratio is currently 129.73%.
Analyst Ratings Changes
Several brokerages have issued reports on GCMG. Piper Sandler dropped their price objective on GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Oppenheimer reduced their target price on GCM Grosvenor from $24.00 to $17.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of GCM Grosvenor in a research report on Friday, April 10th. Finally, Wall Street Zen downgraded GCM Grosvenor from a “buy” rating to a “hold” rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, GCM Grosvenor currently has an average rating of “Moderate Buy” and an average price target of $15.00.
Read Our Latest Analysis on GCM Grosvenor
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.
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