Kathleen Patricia Sullivan Sells 24,963 Shares of GCM Grosvenor (NASDAQ:GCMG) Stock

GCM Grosvenor Inc. (NASDAQ:GCMG) insider Kathleen Sullivan sold 24,963 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $13.15, for a total transaction of $328,263.45. Following the transaction, the insider owned 59,832 shares of the company’s stock, valued at $786,790.80. This trade represents a 29.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, September 3rd, Kathleen Sullivan sold 15,037 shares of GCM Grosvenor stock. The stock was sold at an average price of $13.16, for a total value of $197,886.92.

GCM Grosvenor Trading Down 0.6%

Shares of GCMG stock opened at $13.27 on Friday. GCM Grosvenor Inc. has a twelve month low of $9.30 and a twelve month high of $14.87. The stock’s fifty day simple moving average is $13.24 and its 200 day simple moving average is $11.71. 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 firm has a market capitalization of $2.69 billion, a P/E ratio of 25.52 and a beta of 0.83.

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

GCM Grosvenor Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. UBS Group AG grew its holdings in GCM Grosvenor by 438.3% in the third quarter. UBS Group AG now owns 1,833,941 shares of the company’s stock worth $22,136,000 after purchasing an additional 1,493,250 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of GCM Grosvenor by 145.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,529,439 shares of the company’s stock valued at $17,313,000 after purchasing an additional 906,608 shares during the period. Millennium Management LLC raised its holdings in shares of GCM Grosvenor by 231.0% during the third quarter. Millennium Management LLC now owns 1,290,222 shares of the company’s stock valued at $15,573,000 after purchasing an additional 900,458 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of GCM Grosvenor by 200.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 706,848 shares of the company’s stock worth $8,532,000 after purchasing an additional 471,223 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of GCM Grosvenor during the 2nd quarter worth about $4,226,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

About GCM Grosvenor

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.