GCM Grosvenor Inc. (GCMG) to Issue Quarterly Dividend of $0.12 on September 15th

GCM Grosvenor Inc. (NASDAQ:GCMG) announced a quarterly dividend on Friday, August 7th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.12 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st.

GCM Grosvenor has a dividend payout ratio of 55.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect GCM Grosvenor to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 55.2%.

GCM Grosvenor Stock Performance

GCMG opened at $13.72 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 2.96. GCM Grosvenor has a fifty-two week low of $9.30 and a fifty-two week high of $14.87. The firm has a market cap of $2.78 billion, a PE ratio of 26.39 and a beta of 0.84. The business has a fifty day simple moving average of $13.13 and a 200-day simple moving average of $11.63.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $134.34 million for the quarter, compared to analysts’ expectations of $131.21 million. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. As a group, equities analysts predict that GCM Grosvenor will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GCMG. Renaissance Technologies LLC raised its stake in shares of GCM Grosvenor by 0.5% during the first quarter. Renaissance Technologies LLC now owns 243,700 shares of the company’s stock worth $2,388,000 after buying an additional 1,200 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of GCM Grosvenor by 5.8% during the 1st 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. CANADA LIFE ASSURANCE Co lifted its stake in shares of GCM Grosvenor by 44.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock valued at $52,000 after purchasing an additional 1,417 shares during the period. National Bank of Canada FI lifted its stake in shares of GCM Grosvenor by 65.5% in the 3rd quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock valued at $53,000 after purchasing an additional 1,743 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of GCM Grosvenor by 2.6% in the 4th quarter. Deutsche Bank AG now owns 68,211 shares of the company’s stock worth $772,000 after purchasing an additional 1,750 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

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.