GCM Grosvenor Inc. (NASDAQ:GCMG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

GCM Grosvenor Inc. (NASDAQ:GCMG) has received a consensus recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $15.00.

Several research firms have commented on GCMG. Wall Street Zen raised shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Sunday. Piper Sandler upped their price objective on GCM Grosvenor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Weiss Ratings raised shares of GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. upped their price objective on shares of GCM Grosvenor from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, Oppenheimer cut their price objective on shares of GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, July 17th.

GCM Grosvenor Price Performance

GCMG stock opened at $12.80 on Wednesday. The company has a market capitalization of $2.60 billion, a P/E ratio of 24.62 and a beta of 0.83. GCM Grosvenor has a twelve month low of $9.30 and a twelve month high of $14.87. The business has a 50 day simple moving average of $13.16 and a 200-day simple moving average of $11.87. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 2.96.

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

GCM Grosvenor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.12 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.48 dividend on an annualized basis and a yield of 3.7%. GCM Grosvenor’s payout ratio is currently 92.31%.

Insider Activity at GCM Grosvenor

In related news, insider Kathleen Sullivan sold 24,963 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $13.15, for a total value of $328,263.45. Following the transaction, the insider directly owned 59,832 shares of the company’s stock, valued at approximately $786,790.80. This trade represents a 29.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Pamela Bentley sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $12.56, for a total transaction of $502,400.00. Following the completion of the transaction, the chief financial officer owned 24,397 shares in the company, valued at approximately $306,426.32. This represents a 62.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 90,000 shares of company stock valued at $1,155,350. Insiders own 70.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in shares of GCM Grosvenor by 17.4% in the first quarter. Dimensional Fund Advisors LP now owns 823,520 shares of the company’s stock worth $8,070,000 after acquiring an additional 122,110 shares during the last quarter. North Reef Capital Management LP increased its holdings in shares of GCM Grosvenor by 4.8% in the first quarter. North Reef Capital Management LP now owns 630,179 shares of the company’s stock worth $6,176,000 after acquiring an additional 28,824 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of GCM Grosvenor by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 459,360 shares of the company’s stock worth $4,502,000 after purchasing an additional 38,338 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in GCM Grosvenor in the second quarter valued at approximately $4,226,000. Finally, North Star Investment Management Corp. boosted its holdings in GCM Grosvenor by 41.3% in the 1st quarter. North Star Investment Management Corp. now owns 297,518 shares of the company’s stock valued at $2,916,000 after purchasing an additional 87,000 shares during the period. 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 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.