Insider Selling: GCM Grosvenor (NASDAQ:GCMG) CFO Sells $126,800.00 in Stock

GCM Grosvenor Inc. (NASDAQ:GCMG) CFO Pamela Bentley sold 10,000 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $12.68, for a total value of $126,800.00. Following the completion of the sale, the chief financial officer directly owned 14,397 shares of the company’s stock, valued at $182,553.96. The trade was a 40.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GCM Grosvenor Price Performance

Shares of NASDAQ:GCMG opened at $13.14 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 2.96. The stock has a market cap of $2.66 billion, a PE ratio of 25.27 and a beta of 0.83. The stock’s fifty day simple moving average is $13.20 and its two-hundred day simple moving average is $11.79. GCM Grosvenor Inc. has a 1-year low of $9.30 and a 1-year high of $14.87.

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

GCM Grosvenor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 1st. GCM Grosvenor’s dividend payout ratio is presently 92.31%.

Wall Street Analysts Forecast Growth

Several research firms have commented on GCMG. Weiss Ratings raised shares of GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. Oppenheimer decreased their price target on GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. TD Cowen boosted 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. Wall Street Zen downgraded GCM Grosvenor from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Piper Sandler raised their target price on GCM Grosvenor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Institutional Trading of GCM Grosvenor

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of GCM Grosvenor by 17.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 823,520 shares of the company’s stock valued at $8,070,000 after purchasing an additional 122,110 shares in the last quarter. North Reef Capital Management LP increased its holdings in shares of GCM Grosvenor by 4.8% in the first quarter. North Reef Capital Management LP now owns 630,179 shares of the company’s stock worth $6,176,000 after purchasing an additional 28,824 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of GCM Grosvenor by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 459,360 shares of the company’s stock worth $4,502,000 after buying an additional 38,338 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of GCM Grosvenor in the second quarter worth $4,226,000. Finally, North Star Investment Management Corp. boosted its stake in GCM Grosvenor by 41.3% during the first quarter. North Star Investment Management Corp. now owns 297,518 shares of the company’s stock valued at $2,916,000 after buying an additional 87,000 shares during the period. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

GCM Grosvenor Company Profile

GCM Grosvenor is a global alternative asset management firm that provides investment solutions across private equity, infrastructure, real estate and absolute return strategies. The company invests through a range of approaches, including primary fund investments, secondary transactions, direct investments and co-investments.

Founded in 1997, GCM Grosvenor serves institutional investors, including pension funds, endowments, foundations, sovereign wealth funds and insurance companies, as well as family offices and wealth management platforms.