Key Points
- CFO Pamela Bentley sold 40,000 shares on December 16 at an average price of $11.61 for proceeds of $464,400, reducing her stake by 48.01% to 43,309 shares valued at about $502,817.
- GCM Grosvenor recently paid a quarterly dividend of $0.12 per share (annualized $0.48) for a yield of 4.1%, though the dividend payout ratio is a high 171.43%.
- The company reported an EPS beat (Q) with $0.19 vs. $0.17 expected and has a market cap of $2.26B and a P/E of 41.6, while analysts give a “Moderate Buy” consensus with an average price target of $15.67.
GCM Grosvenor Inc. (NASDAQ:GCMG - Get Free Report) CFO Pamela Bentley sold 40,000 shares of the company's stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $464,400.00. Following the completion of the sale, the chief financial officer directly owned 43,309 shares of the company's stock, valued at $502,817.49. The trade was a 48.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
GCM Grosvenor Stock Performance
Shares of NASDAQ:GCMG opened at $11.65 on Friday. The firm has a 50 day moving average of $11.36 and a 200 day moving average of $11.94. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 112.30. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 41.61 and a beta of 0.90. GCM Grosvenor Inc. has a 52 week low of $10.23 and a 52 week high of $14.48.
GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $134.97 million for the quarter, compared to the consensus estimate of $126.70 million. GCM Grosvenor had a negative return on equity of 246.80% and a net margin of 6.23%. On average, sell-side analysts predict that GCM Grosvenor Inc. will post 0.64 earnings per share for the current fiscal year.
GCM Grosvenor Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, December 1st. GCM Grosvenor's dividend payout ratio is presently 171.43%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on GCMG. Piper Sandler cut their price objective on GCM Grosvenor from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, October 9th. Weiss Ratings reiterated a "buy (b-)" rating on shares of GCM Grosvenor in a report on Monday. Finally, Wall Street Zen upgraded shares of GCM Grosvenor from a "hold" rating to a "buy" rating in a research note on Saturday, November 15th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $15.67.
Check Out Our Latest Research Report on GCMG
Hedge Funds Weigh In On GCM Grosvenor
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Penn Capital Management Company LLC grew its stake in GCM Grosvenor by 1.0% during the 3rd quarter. Penn Capital Management Company LLC now owns 683,929 shares of the company's stock valued at $8,264,000 after acquiring an additional 7,032 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of GCM Grosvenor during the 3rd quarter worth approximately $164,000. PharVision Advisers LLC purchased a new stake in shares of GCM Grosvenor in the third quarter valued at approximately $437,000. Verition Fund Management LLC increased its holdings in shares of GCM Grosvenor by 82.0% in the third quarter. Verition Fund Management LLC now owns 179,568 shares of the company's stock valued at $2,167,000 after purchasing an additional 80,916 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new position in GCM Grosvenor during the third quarter worth approximately $128,000. 99.95% of the stock is currently owned by institutional investors and hedge funds.
About GCM Grosvenor
(
Get Free Report)
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.
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