GCM Grosvenor (NASDAQ:GCMG) CFO Pamela Bentley Sells 10,000 Shares

GCM Grosvenor Inc. (NASDAQ:GCMG) CFO Pamela Bentley sold 10,000 shares of GCM Grosvenor stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $12.68, for a total transaction of $126,800.00. Following the sale, the chief financial officer directly owned 14,397 shares in the company, valued at approximately $182,553.96. This trade represents a 40.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GCM Grosvenor Price Performance

Shares of NASDAQ GCMG opened at $12.68 on Thursday. The firm has a 50-day simple moving average of $13.23 and a 200-day simple moving average of $11.77. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 2.96. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 24.39 and a beta of 0.83. GCM Grosvenor Inc. has a 52 week low of $9.30 and a 52 week high of $14.87.

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

GCM Grosvenor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.48 dividend on an annualized basis and a yield of 3.8%. GCM Grosvenor’s dividend payout ratio (DPR) is presently 92.31%.

Hedge Funds Weigh In On GCM Grosvenor

Large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new position in shares of GCM Grosvenor during the 2nd quarter worth $35,000. Levin Capital Strategies L.P. acquired a new position in shares of GCM Grosvenor in the 1st quarter worth approximately $98,000. Entropy Technologies LP purchased a new position in shares of GCM Grosvenor during the first quarter worth $127,000. Dearborn Partners LLC purchased a new stake in shares of GCM Grosvenor during the second quarter worth approximately $168,000. Finally, Jefferies Financial Group Inc. purchased a new position in GCM Grosvenor in the fourth quarter worth approximately $194,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on GCMG shares. Oppenheimer reduced their price target on GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Wall Street Zen raised shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. JPMorgan Chase & Co. lifted their target price on shares of GCM Grosvenor from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Finally, Piper Sandler increased their price target on shares of GCM Grosvenor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.00.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that provides investment solutions across private equity, infrastructure, real estate and absolute return strategies. The company invests through a range of approaches, including primary fund investments, secondary transactions, direct investments and co-investments.

Founded in 1997, GCM Grosvenor serves institutional investors, including pension funds, endowments, foundations, sovereign wealth funds and insurance companies, as well as family offices and wealth management platforms.