Royce & Associates LP Reduces Stake in GCM Grosvenor Inc. $GCMG

Royce & Associates LP decreased its position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,824,529 shares of the company’s stock after selling 179,365 shares during the period. Royce & Associates LP owned 0.94% of GCM Grosvenor worth $20,654,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its position in GCM Grosvenor by 65.5% during the third quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock worth $53,000 after buying an additional 1,743 shares during the period. Tower Research Capital LLC TRC increased its position in GCM Grosvenor by 308.5% during the second quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock worth $67,000 after buying an additional 4,362 shares during the period. Quarry LP acquired a new position in GCM Grosvenor during the third quarter worth approximately $71,000. CWM LLC increased its position in GCM Grosvenor by 104.8% during the fourth quarter. CWM LLC now owns 8,601 shares of the company’s stock worth $97,000 after buying an additional 4,402 shares during the period. Finally, Legal & General Group Plc increased its position in GCM Grosvenor by 96.8% during the second quarter. Legal & General Group Plc now owns 8,638 shares of the company’s stock worth $100,000 after buying an additional 4,249 shares during the period. Institutional investors and hedge funds own 99.95% of the company’s stock.

Analyst Upgrades and Downgrades

GCMG has been the subject of several recent analyst reports. TD Cowen raised their price target on GCM Grosvenor from $13.50 to $14.00 and gave the company a “buy” rating in a report on Tuesday. Wall Street Zen cut GCM Grosvenor from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of GCM Grosvenor in a report on Friday, April 10th. Piper Sandler reduced their price target on GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Finally, Oppenheimer raised their price target on GCM Grosvenor from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

GCM Grosvenor Stock Performance

Shares of GCMG stock opened at $10.89 on Wednesday. The stock has a fifty day moving average price of $10.43 and a 200 day moving average price of $11.02. The stock has a market cap of $2.20 billion, a PE ratio of 24.20 and a beta of 0.87. GCM Grosvenor Inc. has a 1 year low of $9.30 and a 1 year high of $13.22. The company has a debt-to-equity ratio of 2.97, a quick ratio of 4.05 and a current ratio of 4.05.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. GCM Grosvenor had a return on equity of 222.78% and a net margin of 9.05%.The company had revenue of $124.78 million during the quarter, compared to analysts’ expectations of $130.13 million. Sell-side analysts forecast that GCM Grosvenor Inc. will post 0.67 earnings per share for the current fiscal year.

GCM Grosvenor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, June 5th. GCM Grosvenor’s payout ratio is 106.67%.

GCM Grosvenor 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.