GCM Grosvenor (NASDAQ:GCMG) Insider Kathleen Patricia Sullivan Sells 15,037 Shares of Stock

GCM Grosvenor Inc. (NASDAQ:GCMG) insider Kathleen Sullivan sold 15,037 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $13.16, for a total transaction of $197,886.92. Following the completion of the sale, the insider directly owned 44,795 shares of the company’s stock, valued at $589,502.20. This represents a 25.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Kathleen Patricia Sullivan also recently made the following trade(s):

• On Wednesday, September 2nd, Kathleen Sullivan sold 24,963 shares of GCM Grosvenor stock. The stock was sold at an average price of $13.15, for a total transaction of $328,263.45.

GCM Grosvenor Price Performance

Shares of GCMG stock opened at $13.35 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market capitalization of $2.71 billion, a PE ratio of 25.67 and a beta of 0.83. The firm’s 50-day moving average is $13.22 and its two-hundred day moving average is $11.70. GCM Grosvenor Inc. has a 12 month low of $9.30 and a 12 month high of $14.87.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The business had revenue of $134.34 million during the quarter, compared to analysts’ expectations of $131.21 million. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. Analysts predict that GCM Grosvenor Inc. will post 0.7 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.48 annualized dividend and a yield of 3.6%. GCM Grosvenor’s dividend payout ratio (DPR) is 92.31%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GCMG. Weiss Ratings raised GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. Wall Street Zen raised GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. TD Cowen boosted their price objective on shares of GCM Grosvenor from $13.50 to $14.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Piper Sandler boosted their price objective on shares of GCM Grosvenor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Finally, Oppenheimer decreased their target price on shares of GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GCMG. National Bank of Canada FI boosted its position in shares of GCM Grosvenor by 65.5% during the third quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock worth $53,000 after buying an additional 1,743 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of GCM Grosvenor by 44.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock valued at $52,000 after buying an additional 1,417 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of GCM Grosvenor by 308.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock valued at $67,000 after buying an additional 4,362 shares during the period. Quarry LP acquired a new position in GCM Grosvenor during the 3rd quarter worth about $71,000. Finally, CWM LLC boosted its holdings in GCM Grosvenor by 104.8% during the 4th quarter. CWM LLC now owns 8,601 shares of the company’s stock valued at $97,000 after acquiring an additional 4,402 shares during the period. 99.95% of the stock is currently owned by institutional investors and hedge funds.

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.