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

Shares of GCM Grosvenor Inc. (NASDAQ:GCMG) have received an average rating of “Moderate Buy” from the four research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $17.3333.

A number of research firms have recently commented on GCMG. Oppenheimer reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of GCM Grosvenor in a research note on Wednesday, February 11th. Weiss Ratings lowered shares of GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Wall Street Zen raised shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th.

Insiders Place Their Bets

In other GCM Grosvenor news, CFO Pamela L. Bentley sold 40,000 shares of the 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 transaction, the chief financial officer directly owned 43,309 shares in the company, valued at approximately $502,817.49. This represents a 48.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 77.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. acquired a new stake in GCM Grosvenor in the second quarter worth $43,384,000. UBS Group AG grew its stake in shares of GCM Grosvenor by 438.3% in the 3rd quarter. UBS Group AG now owns 1,833,941 shares of the company’s stock valued at $22,136,000 after buying an additional 1,493,250 shares during the period. Marshall Wace LLP grew its stake in shares of GCM Grosvenor by 2,502.0% in the 2nd quarter. Marshall Wace LLP now owns 1,006,541 shares of the company’s stock valued at $11,636,000 after buying an additional 967,857 shares during the period. Goldman Sachs Group Inc. increased its position in GCM Grosvenor by 145.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,529,439 shares of the company’s stock valued at $17,313,000 after buying an additional 906,608 shares in the last quarter. Finally, Millennium Management LLC raised its stake in GCM Grosvenor by 231.0% during the 3rd quarter. Millennium Management LLC now owns 1,290,222 shares of the company’s stock worth $15,573,000 after buying an additional 900,458 shares during the period. Institutional investors and hedge funds own 99.95% of the company’s stock.

GCM Grosvenor Trading Up 6.6%

NASDAQ GCMG opened at $12.04 on Thursday. The firm has a market capitalization of $2.34 billion, a PE ratio of 32.54 and a beta of 0.80. The business’s 50-day moving average price is $11.39 and its two-hundred day moving average price is $11.79. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 112.30. GCM Grosvenor has a 12 month low of $9.86 and a 12 month high of $14.48.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. GCM Grosvenor had a negative return on equity of 369.56% and a net margin of 8.14%.The company had revenue of $177.10 million for the quarter, compared to analyst estimates of $160.20 million. On average, analysts expect that GCM Grosvenor will post 0.64 EPS for the current year.

GCM Grosvenor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.48 annualized dividend and a dividend yield of 4.0%. GCM Grosvenor’s dividend payout ratio is presently 129.73%.

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.