GCM Grosvenor Inc. (NASDAQ:GCMG) Announces Quarterly Dividend of $0.12

GCM Grosvenor Inc. (NASDAQ:GCMG) declared a quarterly dividend on Tuesday, February 10th. Investors of record on Monday, March 2nd will be paid a dividend of 0.12 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, March 2nd.

GCM Grosvenor has a payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect GCM Grosvenor to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 64.0%.

GCM Grosvenor Price Performance

Shares of NASDAQ:GCMG traded up $0.05 during midday trading on Wednesday, reaching $11.35. 596,830 shares of the company’s stock were exchanged, compared to its average volume of 556,176. The company has a debt-to-equity ratio of 112.30, a quick ratio of 2.76 and a current ratio of 2.76. The company’s 50 day simple moving average is $11.33 and its two-hundred day simple moving average is $11.79. GCM Grosvenor has a 12 month low of $9.86 and a 12 month high of $14.48. The firm has a market capitalization of $2.20 billion, a PE ratio of 40.54 and a beta of 0.80.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GCMG. Wall Street Zen upgraded GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings lowered GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Oppenheimer reissued an “outperform” rating and set a $24.00 price objective on shares of GCM Grosvenor in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.33.

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.