Insider Selling: GCM Grosvenor (NASDAQ:GCMG) CFO Sells $502,400.00 in Stock

GCM Grosvenor Inc. (NASDAQ:GCMG) CFO Pamela Bentley sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $12.56, for a total value of $502,400.00. Following the completion of the transaction, the chief financial officer directly owned 24,397 shares in the company, valued at $306,426.32. The trade was a 62.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GCM Grosvenor Stock Up 1.6%

GCMG opened at $13.14 on Friday. The firm has a market cap of $2.66 billion, a P/E ratio of 25.27 and a beta of 0.83. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.89 and a current ratio of 1.89. The business has a 50 day moving average price of $13.20 and a 200 day moving average price of $11.79. GCM Grosvenor Inc. has a twelve month low of $9.30 and a twelve month high of $14.87.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. GCM Grosvenor had a return on equity of 142.74% and a net margin of 7.79%.The company had revenue of $134.34 million for the quarter, compared to the consensus estimate of $131.21 million. Research analysts forecast that GCM Grosvenor Inc. will post 0.7 EPS for the current year.

GCM Grosvenor Announces Dividend

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

Institutional Trading of GCM Grosvenor

A number of hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new position in shares of GCM Grosvenor during the 2nd quarter worth about $35,000. Levin Capital Strategies L.P. bought a new stake in shares of GCM Grosvenor in the first quarter valued at about $98,000. Entropy Technologies LP bought a new stake in shares of GCM Grosvenor in the first quarter valued at about $127,000. Dearborn Partners LLC acquired a new stake in GCM Grosvenor during the second quarter worth about $168,000. Finally, Jefferies Financial Group Inc. acquired a new stake in GCM Grosvenor during the fourth quarter worth about $194,000. 99.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on GCMG shares. Wall Street Zen lowered shares of GCM Grosvenor from a “buy” rating to a “hold” rating in a research report on Saturday. Piper Sandler lifted their price objective on GCM Grosvenor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Oppenheimer cut 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. JPMorgan Chase & Co. increased their target price 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, Weiss Ratings raised GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, GCM Grosvenor currently has an average rating of “Moderate Buy” and an average target price of $15.00.

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.