Granite Investment Partners LLC Sells 131,547 Shares of GCM Grosvenor Inc. $GCMG

Granite Investment Partners LLC trimmed its holdings in GCM Grosvenor Inc. (NASDAQ:GCMG) by 50.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,940 shares of the company’s stock after selling 131,547 shares during the period. Granite Investment Partners LLC’s holdings in GCM Grosvenor were worth $1,568,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GCMG. Ameriprise Financial Inc. lifted its stake in shares of GCM Grosvenor by 2.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,060,384 shares of the company’s stock valued at $70,058,000 after purchasing an additional 166,578 shares during the last quarter. Vanguard Group Inc. increased its position in GCM Grosvenor by 2.5% during the third quarter. Vanguard Group Inc. now owns 4,755,329 shares of the company’s stock worth $57,397,000 after buying an additional 114,983 shares during the last quarter. Ariel Investments LLC raised its holdings in GCM Grosvenor by 0.5% during the second quarter. Ariel Investments LLC now owns 4,452,562 shares of the company’s stock valued at $51,472,000 after buying an additional 23,307 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of GCM Grosvenor in the second quarter worth about $43,384,000. Finally, Geode Capital Management LLC lifted its position in shares of GCM Grosvenor by 4.7% in the second quarter. Geode Capital Management LLC now owns 1,092,278 shares of the company’s stock worth $12,629,000 after buying an additional 48,693 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on GCMG shares. Weiss Ratings lowered GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Oppenheimer reaffirmed an “outperform” rating and set a $24.00 target price on shares of GCM Grosvenor in a research report on Wednesday, February 11th. Finally, Wall Street Zen raised shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, GCM Grosvenor currently has an average rating of “Moderate Buy” and an average price target of $19.00.

GCM Grosvenor Price Performance

Shares of GCMG stock opened at $11.47 on Tuesday. The stock has a 50 day moving average of $11.41 and a two-hundred day moving average of $11.78. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 3.36. GCM Grosvenor Inc. has a 12 month low of $9.86 and a 12 month high of $14.30. The company has a market capitalization of $2.23 billion, a P/E ratio of 31.00 and a beta of 0.80.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The business had revenue of $177.10 million for the quarter, compared to analysts’ expectations of $160.20 million. GCM Grosvenor had a return on equity of 2,505.59% and a net margin of 8.14%. As a group, equities analysts expect that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

GCM Grosvenor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, March 2nd. GCM Grosvenor’s dividend payout ratio (DPR) is presently 129.73%.

Insider Buying and Selling at GCM Grosvenor

In other news, CFO Pamela L. Bentley sold 40,000 shares of GCM Grosvenor stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $11.61, for a total transaction of $464,400.00. Following the sale, the chief financial officer directly owned 43,309 shares in the company, valued at approximately $502,817.49. The trade was a 48.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 77.30% of the company’s stock.

GCM Grosvenor Company Profile

GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.