A whale just swam in
Grindr’s stock is sitting about 49% below where it was, which is not exactly the kind of chart that screams “party time.” But Perry Creek Capital apparently looked at that mess and said, hold my coffee.
The investor bought 1,349,493 Grindr shares, with the trade estimated at $15.91 million based on average prices from January through March 2026. That’s a chunky vote of confidence, especially when a stock is already wearing bruises.
Why you should care
When a big investor steps in like this, it can mean a few different things:
- They think the market is too pessimistic on the business
- They believe the stock is undervalued after the selloff
- Or they just see a catalyst ahead that the rest of the market is missing
None of that guarantees Grindr is about to moon like a meme stock on caffeine. But it does tell you somebody with real money on the line thinks the risk/reward is interesting here.
The bigger vibe check
For investors, this is less about one fund’s trade and more about the signal it sends. If a stock has been cut in half and a notable buyer is still adding, that can give the name a little oxygen — especially if other investors start sniffing around too.
Big picture: the market may have tossed Grindr into the bargain bin, but at least one investor clearly thinks it still has a pulse.