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

GCM Grosvenor Inc. (NASDAQ:GCMG) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $15.00.

GCMG has been the subject of several research analyst reports. Piper Sandler lifted their target price on shares of GCM Grosvenor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Oppenheimer dropped their price objective on shares of GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. JPMorgan Chase & Co. raised 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. Wall Street Zen upgraded shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings raised GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th.

Insider Buying and Selling

In other news, insider Kathleen Sullivan sold 15,037 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $13.16, for a total transaction of $197,886.92. Following the completion of the transaction, the insider directly owned 44,795 shares of the company’s stock, valued at $589,502.20. This trade represents a 25.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Pamela L. Bentley sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $12.68, for a total value of $126,800.00. Following the completion of the transaction, the chief financial officer owned 14,397 shares of the company’s stock, valued at approximately $182,553.96. This represents a 40.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 90,000 shares of company stock worth $1,155,350 over the last three months. Insiders own 70.70% of the company’s stock.

Hedge Funds Weigh In On GCM Grosvenor

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

GCM Grosvenor Trading Down 0.9%

Shares of NASDAQ GCMG opened at $12.80 on Wednesday. GCM Grosvenor has a 52-week low of $9.30 and a 52-week high of $14.87. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 2.96. The stock’s 50 day moving average price is $13.16 and its two-hundred day moving average price is $11.87. The stock has a market capitalization of $2.60 billion, a P/E ratio of 24.62 and a beta of 0.83.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The business had revenue of $134.34 million during the quarter, compared to analyst estimates of $131.21 million. GCM Grosvenor had a return on equity of 142.74% and a net margin of 7.79%. On average, analysts anticipate that GCM Grosvenor will post 0.7 earnings per share 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 paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, September 1st. GCM Grosvenor’s payout ratio is 92.31%.

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.