GCM Grosvenor Inc. (NASDAQ:GCMG) Sees Large Growth in Short Interest

GCM Grosvenor Inc. (NASDAQ:GCMG - Get Free Report) saw a significant increase in short interest in the month of 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 trading volume of 249,600 shares, the days-to-cover ratio is currently 22.2 days. Approximately 12.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

GCM Grosvenor Price Performance

GCMG traded up $0.22 during trading on Monday, hitting $12.44. 250,005 shares of the stock traded hands, compared to its average volume of 196,698. The business has a 50 day moving average price of $12.04 and a 200 day moving average price of $11.16. The company has a market cap of $2.35 billion, a price-to-earnings ratio of -207.33 and a beta of 0.56. GCM Grosvenor has a twelve month low of $8.05 and a twelve month high of $12.58.

GCM Grosvenor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.11 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 3.54%. GCM Grosvenor's dividend payout ratio is currently -733.33%.

Institutional Trading of GCM Grosvenor

Large investors have recently bought and sold shares of the business. Copeland Capital Management LLC bought a new position in shares of GCM Grosvenor in the third quarter worth about $58,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of GCM Grosvenor during the second quarter worth $157,000. SG Americas Securities LLC acquired a new stake in shares of GCM Grosvenor during the 3rd quarter valued at $191,000. Quest Partners LLC bought a new stake in GCM Grosvenor during the 3rd quarter worth $424,000. Finally, PDT Partners LLC bought a new stake in shares of GCM Grosvenor during the third quarter worth about $449,000. 99.95% of the stock is owned by institutional investors and hedge funds.

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.