Aigen Investment Management LP Purchases Shares of 18,893 Grindr Inc. (NYSE:GRND)

Aigen Investment Management LP acquired a new position in Grindr Inc. (NYSE:GRND) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,893 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in Grindr by 16.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,796 shares of the company’s stock worth $120,000 after acquiring an additional 1,667 shares during the period. Hsbc Holdings PLC lifted its position in Grindr by 9.5% during the second quarter. Hsbc Holdings PLC now owns 23,632 shares of the company’s stock valued at $286,000 after purchasing an additional 2,050 shares in the last quarter. nVerses Capital LLC purchased a new position in Grindr during the third quarter valued at $27,000. Bleakley Financial Group LLC grew its holdings in Grindr by 9.6% during the third quarter. Bleakley Financial Group LLC now owns 27,188 shares of the company’s stock valued at $324,000 after purchasing an additional 2,371 shares during the period. Finally, SG Americas Securities LLC increased its position in Grindr by 10.5% in the third quarter. SG Americas Securities LLC now owns 64,816 shares of the company’s stock worth $773,000 after buying an additional 6,168 shares in the last quarter. Hedge funds and other institutional investors own 7.22% of the company’s stock.

Insider Buying and Selling at Grindr

In other Grindr news, insider Zachary Katz sold 3,058 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $14.30, for a total transaction of $43,729.40. Following the completion of the transaction, the insider now owns 586,722 shares of the company’s stock, valued at $8,390,124.60. This represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Fu Bin Lu sold 195,600 shares of Grindr stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $14.39, for a total value of $2,814,684.00. Following the completion of the sale, the director now directly owns 34,977,181 shares in the company, valued at $503,321,634.59. This trade represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 296,549 shares of company stock valued at $4,195,896 in the last three months. 76.40% of the stock is currently owned by corporate insiders.

Grindr Trading Down 1.2 %

NYSE:GRND opened at $14.15 on Friday. The stock has a 50-day moving average price of $12.86 and a 200 day moving average price of $11.59. The stock has a market capitalization of $2.49 billion, a P/E ratio of -40.43 and a beta of 0.33. Grindr Inc. has a 12-month low of $6.12 and a 12-month high of $15.21.

Wall Street Analyst Weigh In

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

Grindr Company Profile

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.