GCM Grosvenor Inc. (GCMG) – What Are Investment Firms Thinking About This Stock?

Shares of GCM Grosvenor Inc. (NASDAQ:GCMG) have received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $14.62.

A number of research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. Piper Sandler reduced their price objective on shares of GCM Grosvenor from $16.00 to $14.50 and set an “overweight” rating for the company in a research report on Monday, October 19th. JPMorgan Chase & Co. lifted their price objective on GCM Grosvenor from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Oppenheimer lowered their price objective on GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Finally, Wall Street Zen cut GCM Grosvenor from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th.

Insider Buying and Selling

In other GCM Grosvenor news, CFO Pamela L. Bentley sold 10,000 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $12.68, for a total value of $126,800.00. Following the completion of the transaction, the chief financial officer owned 14,397 shares in the company, valued at approximately $182,553.96. This represents a 40.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kathleen Sullivan sold 15,037 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $13.16, for a total value of $197,886.92. Following the completion of the sale, the insider directly owned 44,795 shares of the company’s stock, valued at approximately $589,502.20. This trade represents a 25.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 90,000 shares of company stock worth $1,155,350. Company insiders own 70.70% of the company’s stock.

Hedge Funds Weigh In On GCM Grosvenor

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new stake in shares of GCM Grosvenor in the second quarter valued at about $4,226,000. Dimensional Fund Advisors LP grew its position in GCM Grosvenor by 17.4% during the first quarter. Dimensional Fund Advisors LP now owns 823,520 shares of the company’s stock worth $8,070,000 after buying an additional 122,110 shares during the period. Globeflex Capital L P acquired a new position in GCM Grosvenor during the second quarter worth about $1,390,000. North Star Investment Management Corp. grew its position in GCM Grosvenor by 41.3% during the first quarter. North Star Investment Management Corp. now owns 297,518 shares of the company’s stock worth $2,916,000 after buying an additional 87,000 shares during the period. Finally, Jennison Associates LLC increased its holdings in GCM Grosvenor by 49.7% in the first quarter. Jennison Associates LLC now owns 127,482 shares of the company’s stock valued at $1,249,000 after buying an additional 42,323 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Stock Performance

Shares of GCMG opened at $12.37 on Friday. The stock has a market capitalization of $2.51 billion, a P/E ratio of 23.79 and a beta of 0.87. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.89 and a current ratio of 1.89. GCM Grosvenor has a 1 year low of $9.30 and a 1 year high of $14.87. The company’s fifty day moving average is $13.08 and its two-hundred day moving average is $12.22.

GCM Grosvenor (NASDAQ:GCMG) last released its earnings results on Monday, August 10th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The company 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%. On average, sell-side analysts predict that GCM Grosvenor will post 0.69 earnings per share for the current year.

GCM Grosvenor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.12 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.9%. GCM Grosvenor’s payout ratio is 92.31%.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that provides investment solutions across private equity, infrastructure, real estate, absolute return strategies and secondary investments. The firm offers both multi-manager and direct investment programs designed to provide institutions and other qualified investors with access to alternative assets.

The company serves a diverse client base that includes public and corporate pension plans, endowments, foundations, sovereign wealth funds, family offices, financial intermediaries and other institutional investors.