Jefferies Financial Group Inc. Acquires New Position in GCM Grosvenor Inc. $GCMG

Jefferies Financial Group Inc. acquired a new stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $173,000.

Several other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers increased its stake in GCM Grosvenor by 5.0% during the first quarter. Rhumbline Advisers now owns 61,392 shares of the company’s stock valued at $812,000 after purchasing an additional 2,930 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of GCM Grosvenor by 18.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 116,019 shares of the company’s stock valued at $1,341,000 after buying an additional 17,752 shares during the period. Northern Trust Corp boosted its holdings in shares of GCM Grosvenor by 61.2% in the 1st quarter. Northern Trust Corp now owns 848,389 shares of the company’s stock valued at $11,224,000 after buying an additional 322,062 shares during the period. Jump Financial LLC bought a new stake in shares of GCM Grosvenor during the 1st quarter valued at about $288,000. Finally, Nuveen LLC acquired a new stake in GCM Grosvenor during the first quarter worth about $10,312,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Piper Sandler decreased their target price on GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Wall Street Zen raised GCM Grosvenor from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Weiss Ratings restated a “buy (b-)” rating on shares of GCM Grosvenor in a research note on Tuesday. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of GCM Grosvenor in a research report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.67.

GCM Grosvenor Trading Up 0.7%

Shares of GCMG stock opened at $10.98 on Friday. GCM Grosvenor Inc. has a 1 year low of $10.23 and a 1 year high of $14.48. The firm has a market capitalization of $2.13 billion, a PE ratio of 39.20 and a beta of 0.75. The stock has a fifty day moving average of $11.59 and a two-hundred day moving average of $12.06. The company has a debt-to-equity ratio of 112.30, a quick ratio of 2.76 and a current ratio of 2.76.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $134.97 million for the quarter, compared to analyst estimates of $126.70 million. GCM Grosvenor had a negative return on equity of 246.80% and a net margin of 6.23%. As a group, research analysts expect that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

GCM Grosvenor Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.12 dividend. The ex-dividend date is Monday, December 1st. GCM Grosvenor’s dividend payout ratio (DPR) is 157.14%.

GCM Grosvenor Company Profile

GCM Grosvenor Inc is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities.