GCM Grosvenor Target of Unusually High Options Trading (NASDAQ:GCMG)

GCM Grosvenor Inc. (NASDAQ:GCMG) saw some unusual options trading on Monday. Traders acquired 7,807 call options on the stock. This is an increase of 10,896% compared to the typical volume of 71 call options.

GCM Grosvenor Stock Performance

GCMG stock traded up $0.55 during midday trading on Monday, hitting $13.46. The stock had a trading volume of 89,712 shares, compared to its average volume of 564,391. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 29.91 and a beta of 0.83. GCM Grosvenor has a 52 week low of $9.30 and a 52 week high of $13.66. The stock has a 50-day simple moving average of $11.27 and a 200 day simple moving average of $11.10. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 2.97.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. GCM Grosvenor had a net margin of 9.05% and a return on equity of 222.78%. The firm had revenue of $124.78 million for the quarter, compared to analyst estimates of $130.13 million. As a group, equities research analysts anticipate that GCM Grosvenor will post 0.66 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, June 5th. GCM Grosvenor’s payout ratio is 106.67%.

Institutional Trading of GCM Grosvenor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its stake in GCM Grosvenor by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 6,060,384 shares of the company’s stock worth $70,058,000 after purchasing an additional 166,578 shares during the period. Vanguard Group Inc. grew its stake in shares of GCM Grosvenor by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,755,329 shares of the company’s stock valued at $57,397,000 after purchasing an additional 114,983 shares during the period. 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 purchasing an additional 1,493,250 shares during the period. State Street Corp raised its holdings in shares of GCM Grosvenor by 18.3% in the 4th quarter. State Street Corp now owns 1,649,438 shares of the company’s stock worth $18,672,000 after buying an additional 254,642 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of GCM Grosvenor by 145.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,529,439 shares of the company’s stock worth $17,313,000 after buying an additional 906,608 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

Analysts Set New Price Targets

GCMG has been the topic of a number of research reports. TD Cowen boosted their target price on shares of GCM Grosvenor from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Piper Sandler cut their target price on shares of GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Wall Street Zen downgraded shares of GCM Grosvenor from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Oppenheimer raised their price target on shares of GCM Grosvenor from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of GCM Grosvenor in a 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’s stock. According to data from MarketBeat.com, GCM Grosvenor presently has a consensus rating of “Moderate Buy” and an average 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.