Stepstone Group shares are trading lower Thursday morning after Hunterbrook Media published a short report raising concerns about the asset manager’s balance sheet, private-market valuations and a looming buyout tied to its fast-growing retail arm.
Hunterbrook Media disclosed that Hunterbrook Capital is short STEP and long a basket of comparable securities. StepStone did not immediately respond to Benzinga’s request for comment.Here’s what investors need to know.
StepStone Group stock is feeling bearish pressure. What’s pressuring STEP stock?
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