Wall Street Zen Upgrades GCM Grosvenor (NASDAQ:GCMG) to Buy

GCM Grosvenor (NASDAQ:GCMG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday, Wall Street Zen reports.

Several other equities analysts also recently weighed in on GCMG. JPMorgan Chase & Co. lifted their price target on shares of GCM Grosvenor from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Piper Sandler increased their price objective on shares of GCM Grosvenor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Weiss Ratings raised shares of GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. Finally, Oppenheimer decreased their price objective on shares of GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

GCM Grosvenor Stock Performance

Shares of GCMG opened at $12.92 on Friday. 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 business has a 50-day simple moving average of $13.16 and a two-hundred day simple moving average of $11.86. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 24.85 and a beta of 0.83. GCM Grosvenor has a 52 week low of $9.30 and a 52 week high of $14.87.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.19 EPS for the quarter, topping the consensus estimate 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%. On average, analysts expect that GCM Grosvenor will post 0.7 EPS for the current year.

Insider Buying and Selling

In other news, insider Kathleen Sullivan sold 24,963 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $13.15, for a total transaction of $328,263.45. Following the completion of the transaction, the insider directly owned 59,832 shares in the company, valued at approximately $786,790.80. This represents a 29.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Pamela Bentley sold 40,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $12.56, for a total transaction of $502,400.00. Following the completion of the transaction, the chief financial officer directly owned 24,397 shares of the company’s stock, valued at approximately $306,426.32. This trade represents a 62.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 90,000 shares of company stock valued at $1,155,350 over the last quarter. Corporate insiders own 70.70% of the company’s stock.

Institutional Trading of GCM Grosvenor

A number of large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new stake in shares of GCM Grosvenor during the 2nd quarter valued at about $35,000. Levin Capital Strategies L.P. purchased a new position in GCM Grosvenor in the first quarter worth about $98,000. Entropy Technologies LP bought a new stake in GCM Grosvenor during the first quarter worth approximately $127,000. QRG Capital Management Inc. bought a new stake in GCM Grosvenor during the second quarter worth approximately $129,000. Finally, Dearborn Partners LLC purchased a new stake in GCM Grosvenor during the second quarter valued at approximately $168,000. 99.95% of the stock is currently owned by 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.