Key Points
- Insider selling: Kathleen Sullivan sold 15,037 GCM Grosvenor shares for approximately $197,887, reducing her position by 25.13%; she also sold 24,963 shares the previous day.
- Financial performance and dividend: GCM Grosvenor exceeded quarterly earnings and revenue estimates, reporting $0.19 EPS and $134.34 million in revenue. The company declared a quarterly dividend of $0.12, implying a 3.6% annualized yield.
- Analyst outlook remains positive: Analysts maintain a “Moderate Buy” consensus with an average price target of $15, compared with shares opening at $13.35. Institutional investors own 99.95% of the company’s stock.
GCM Grosvenor Inc. (NASDAQ:GCMG - Get Free Report) insider Kathleen Sullivan sold 15,037 shares of the company's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $13.16, for a total value of $197,886.92. Following the sale, the insider owned 44,795 shares in the company, valued at approximately $589,502.20. This trade represents a 25.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Kathleen Patricia Sullivan also recently made the following trade(s):
- On Wednesday, September 2nd, Kathleen Sullivan sold 24,963 shares of GCM Grosvenor stock. The shares were sold at an average price of $13.15, for a total value of $328,263.45.
GCM Grosvenor Stock Performance
Shares of GCMG opened at $13.35 on Friday. GCM Grosvenor Inc. has a 1 year low of $9.30 and a 1 year high of $14.87. The stock has a market capitalization of $2.71 billion, a PE ratio of 25.67 and a beta of 0.83. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a 50-day simple moving average of $13.22 and a 200-day simple moving average of $11.70.
GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. The firm had revenue of $134.34 million for the quarter, compared to analyst estimates of $131.21 million. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. On average, analysts predict that GCM Grosvenor Inc. will post 0.7 earnings per share for the current fiscal year.
GCM Grosvenor Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.6%. GCM Grosvenor's dividend payout ratio is currently 92.31%.
Institutional Trading of GCM Grosvenor
Several institutional investors have recently modified their holdings of GCMG. Royal Bank of Canada boosted its holdings in shares of GCM Grosvenor by 942.2% in the 1st quarter. Royal Bank of Canada now owns 79,085 shares of the company's stock valued at $1,046,000 after buying an additional 71,497 shares in the last quarter. AQR Capital Management LLC raised its stake in GCM Grosvenor by 81.6% during the 1st quarter. AQR Capital Management LLC now owns 29,403 shares of the company's stock worth $389,000 after acquiring an additional 13,214 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in GCM Grosvenor by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company's stock valued at $339,000 after acquiring an additional 1,412 shares during the last quarter. Millennium Management LLC lifted its position in GCM Grosvenor by 88.9% in the first quarter. Millennium Management LLC now owns 577,977 shares of the company's stock valued at $7,647,000 after acquiring an additional 271,989 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in GCM Grosvenor by 200.5% in the second quarter. JPMorgan Chase & Co. now owns 285,477 shares of the company's stock valued at $3,300,000 after acquiring an additional 190,486 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Oppenheimer decreased their price objective on shares of GCM Grosvenor from $18.00 to $17.00 and set an "outperform" rating for the company in a research report on Friday, July 17th. Piper Sandler increased their target price on GCM Grosvenor from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Weiss Ratings upgraded GCM Grosvenor from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 13th. Wall Street Zen raised GCM Grosvenor from a "hold" rating to a "buy" rating in a report on Saturday, August 29th. Finally, TD Cowen upped their price objective on GCM Grosvenor from $13.50 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.
Read Our Latest Research Report on GCM Grosvenor
GCM Grosvenor Company Profile
(
Get Free Report)
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.
Further Reading
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