Globeflex Capital L P Acquires Shares of 122,283 GCM Grosvenor Inc. $GCMG

Globeflex Capital L P bought a new position in GCM Grosvenor Inc. (NASDAQ:GCMG) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 122,283 shares of the company’s stock, valued at approximately $1,198,000.

A number of other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in GCM Grosvenor by 104.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 582,337 shares of the company’s stock worth $7,029,000 after buying an additional 296,860 shares during the period. Jennison Associates LLC purchased a new stake in GCM Grosvenor during the fourth quarter worth $964,000. North Star Investment Management Corp. lifted its stake in shares of GCM Grosvenor by 123.0% during the 4th quarter. North Star Investment Management Corp. now owns 210,518 shares of the company’s stock worth $2,383,000 after purchasing an additional 116,118 shares during the last quarter. State of Wyoming lifted its position in shares of GCM Grosvenor by 53.2% during the first quarter. State of Wyoming now owns 54,252 shares of the company’s stock valued at $532,000 after buying an additional 18,848 shares during the last quarter. Finally, Levin Capital Strategies L.P. acquired a new stake in GCM Grosvenor in the first quarter valued at approximately $98,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

GCM Grosvenor Trading Down 5.4%

Shares of GCMG stock opened at $11.99 on Thursday. GCM Grosvenor Inc. has a 1-year low of $9.30 and a 1-year high of $14.38. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 26.64 and a beta of 0.83. The company has a debt-to-equity ratio of 2.97, a current ratio of 4.05 and a quick ratio of 4.05. The stock has a 50 day simple moving average of $11.86 and a 200-day simple moving average of $11.26.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data 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 business had revenue of $124.78 million for the quarter, compared to the consensus estimate of $130.13 million. On average, equities research analysts expect that GCM Grosvenor Inc. will post 0.66 EPS for the current fiscal year.

GCM Grosvenor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.0%. GCM Grosvenor’s dividend payout ratio is presently 106.67%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Oppenheimer lowered their target price on shares of GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. TD Cowen increased their price objective on GCM Grosvenor from $13.50 to $14.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Wall Street Zen lowered shares of GCM Grosvenor from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Piper Sandler raised their target price on shares of GCM Grosvenor from $13.00 to $15.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of GCM Grosvenor in a research report on Wednesday, July 8th. Three investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.33.

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.