Perry Creek Capital Initiated a Position in Grindr Worth Nearly $6 Million. Is the Stock a Buy?
Source: Motley Fool
2026-03-10 21:22:33 ET
According to a filing with the Securities and Exchange Commission dated February 17, 2026, Perry Creek Capital LP initiated a new position in Grindr Inc. (NYSE:GRND) by purchasing 429,641 shares during the fourth quarter. The estimated transaction value was approximately $5.82 million, calculated using the average closing price for the period. The quarter-end value of the stake also stood at approximately $5.82 million, incorporating both the purchase and any price changes.
This new position in Grindr represents 3.49% of Perry Creek’s 13F reportable assets under management.
Top five holdings after the filing:
Grindr Inc.
NASDAQ: GRND
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GRND Stock Data
$1,987,739,142
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188
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Software & IT Services
Technology
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