GCM Grosvenor Inc. $GCMG Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in GCM Grosvenor Inc. (NASDAQ:GCMG) by 9.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,824,529 shares of the company’s stock after selling 179,365 shares during the quarter. Royce & Associates LP’s holdings in GCM Grosvenor were worth $20,654,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI raised its holdings in shares of GCM Grosvenor by 65.5% in the third quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock worth $53,000 after acquiring an additional 1,743 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of GCM Grosvenor by 308.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock worth $67,000 after acquiring an additional 4,362 shares during the last quarter. Quarry LP acquired a new position in shares of GCM Grosvenor in the third quarter worth $71,000. CWM LLC grew its position in shares of GCM Grosvenor by 104.8% in the fourth quarter. CWM LLC now owns 8,601 shares of the company’s stock valued at $97,000 after purchasing an additional 4,402 shares during the period. Finally, Legal & General Group Plc grew its position in shares of GCM Grosvenor by 96.8% in the second quarter. Legal & General Group Plc now owns 8,638 shares of the company’s stock valued at $100,000 after purchasing an additional 4,249 shares during the period. 99.95% of the stock is owned by institutional investors and hedge funds.

GCM Grosvenor Price Performance

Shares of NASDAQ:GCMG opened at $10.89 on Wednesday. The company has a market cap of $2.20 billion, a P/E ratio of 24.20 and a beta of 0.87. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 2.97. GCM Grosvenor Inc. has a 52 week low of $9.30 and a 52 week high of $13.22. The business has a fifty day simple moving average of $10.43 and a 200-day simple moving average of $11.02.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. GCM Grosvenor had a return on equity of 222.78% and a net margin of 9.05%.The business had revenue of $124.78 million during the quarter, compared to the consensus estimate of $130.13 million. Equities research analysts forecast that GCM Grosvenor Inc. will post 0.67 EPS for the current year.

GCM Grosvenor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, June 5th. GCM Grosvenor’s payout ratio is 106.67%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Oppenheimer lifted their price objective on GCM Grosvenor from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Piper Sandler lowered their price objective on GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. TD Cowen lifted their price objective on GCM Grosvenor from $13.50 to $14.00 and gave the company a “buy” rating in a research report on Tuesday. Wall Street Zen downgraded GCM Grosvenor from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GCM Grosvenor in a research report on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, GCM Grosvenor has an average rating of “Moderate Buy” and a consensus price target of $15.00.

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.