GCM Grosvenor Inc. (NASDAQ:GCMG) Stock Rated “Moderate Buy” by Wall Street Analysts

GCM Grosvenor Inc. (NASDAQ:GCMG) has been given an average rating of “Moderate Buy” by the five brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.62.

A number of equities research analysts have commented on GCMG shares. Wall Street Zen cut GCM Grosvenor from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Piper Sandler cut their price target on GCM Grosvenor from $16.00 to $14.50 and set an “overweight” rating for the company in a report on Monday, October 19th. Weiss Ratings upgraded GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. increased their price objective on GCM Grosvenor from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, Oppenheimer dropped their price objective 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.

GCM Grosvenor Trading Up 0.2%

NASDAQ:GCMG opened at $12.64 on Friday. GCM Grosvenor has a 12-month low of $9.30 and a 12-month high of $14.87. 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’s 50 day simple moving average is $12.96 and its 200-day simple moving average is $11.87. The firm has a market cap of $2.56 billion, a P/E ratio of 24.31 and a beta of 0.87.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $134.34 million for the quarter, compared to the consensus estimate of $131.21 million. GCM Grosvenor had a return on equity of 142.74% and a net margin of 7.79%. Equities analysts anticipate that GCM Grosvenor will post 0.69 EPS for the current year.

GCM Grosvenor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 1st. GCM Grosvenor’s dividend payout ratio (DPR) is presently 92.31%.

Insider Activity

In other news, insider Kathleen Sullivan sold 24,963 shares of GCM Grosvenor stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $13.15, for a total value of $328,263.45. Following the transaction, the insider directly owned 59,832 shares of the company’s stock, valued at $786,790.80. The trade was a 29.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Pamela L. Bentley sold 40,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $12.56, for a total transaction of $502,400.00. Following the completion of the sale, the chief financial officer directly owned 24,397 shares of the company’s stock, valued at $306,426.32. The trade was a 62.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 90,000 shares of company stock worth $1,155,350. Insiders own 70.70% of the company’s stock.

Hedge Funds Weigh In On GCM Grosvenor

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of GCM Grosvenor by 0.5% during the 1st quarter. Renaissance Technologies LLC now owns 243,700 shares of the company’s stock worth $2,388,000 after purchasing an additional 1,200 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of GCM Grosvenor by 525.8% in the 3rd quarter. Sterling Capital Management LLC now owns 1,965 shares of the company’s stock worth $25,000 after purchasing an additional 1,651 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of GCM Grosvenor in the 3rd quarter worth approximately $30,000. Squarepoint Ops LLC boosted its position in GCM Grosvenor by 15.9% during the 2nd quarter. Squarepoint Ops LLC now owns 19,772 shares of the company’s stock valued at $243,000 after purchasing an additional 2,719 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in GCM Grosvenor during the 2nd quarter valued at approximately $35,000. Institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Company Profile

GCM Grosvenor is a global alternative asset management firm that provides investment solutions across private equity, infrastructure, real estate, absolute return strategies and secondary investments. The firm offers both multi-manager and direct investment programs designed to provide institutions and other qualified investors with access to alternative assets.

The company serves a diverse client base that includes public and corporate pension plans, endowments, foundations, sovereign wealth funds, family offices, financial intermediaries and other institutional investors.