Quest Partners LLC Purchases 35,558 Shares of Grindr Inc. (NYSE:GRND)

Quest Partners LLC increased its holdings in Grindr Inc. (NYSE:GRND - Free Report) by 277.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,375 shares of the company's stock after acquiring an additional 35,558 shares during the period. Quest Partners LLC's holdings in Grindr were worth $577,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in shares of Grindr during the third quarter worth approximately $27,000. Price T Rowe Associates Inc. MD lifted its position in Grindr by 16.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,796 shares of the company's stock worth $120,000 after buying an additional 1,667 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Grindr during the 2nd quarter valued at $136,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Grindr during the 2nd quarter valued at $189,000. Finally, Aigen Investment Management LP acquired a new position in shares of Grindr in the third quarter worth $225,000. 7.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on GRND shares. Raymond James lifted their price objective on Grindr from $16.00 to $19.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. TD Cowen boosted their price target on Grindr from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th.

Grindr Stock Up 0.8 %

Shares of Grindr stock traded up $0.12 during midday trading on Friday, reaching $15.05. 294,212 shares of the company's stock traded hands, compared to its average volume of 551,784. Grindr Inc. has a 52 week low of $6.12 and a 52 week high of $15.21. The company's 50 day simple moving average is $13.17 and its 200 day simple moving average is $11.74.

Insider Buying and Selling at Grindr

In related news, CAO Kye Chen sold 4,964 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $11.81, for a total transaction of $58,624.84. Following the completion of the transaction, the chief accounting officer now owns 130,598 shares of the company's stock, valued at approximately $1,542,362.38. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nathan Richardson sold 5,234 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $15.00, for a total value of $78,510.00. Following the completion of the sale, the director now directly owns 27,408 shares in the company, valued at $411,120. This trade represents a 16.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 296,549 shares of company stock worth $4,195,896 over the last three months. Corporate insiders own 76.40% of the company's stock.

About Grindr

Grindr Inc operates social network and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide. Its platform enables LGBTQ people to find and engage with each other, share content and experiences, and express themselves. The company offers ad-supported service and a premium subscription version.