Neo Ivy Capital Management Acquires 165,195 Shares of GCM Grosvenor Inc. $GCMG

Neo Ivy Capital Management boosted its holdings in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 273.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 225,598 shares of the company’s stock after acquiring an additional 165,195 shares during the period. Neo Ivy Capital Management’s holdings in GCM Grosvenor were worth $2,723,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Cornerstone Investment Partners LLC grew its stake in shares of GCM Grosvenor by 2.3% during the third quarter. Cornerstone Investment Partners LLC now owns 39,645 shares of the company’s stock worth $479,000 after purchasing an additional 876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of GCM Grosvenor by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company’s stock worth $339,000 after buying an additional 1,412 shares during the period. CWM LLC grew its position in shares of GCM Grosvenor by 83.6% during the 3rd quarter. CWM LLC now owns 4,199 shares of the company’s stock worth $51,000 after buying an additional 1,912 shares during the period. Rhumbline Advisers increased its stake in shares of GCM Grosvenor by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 66,655 shares of the company’s stock valued at $805,000 after acquiring an additional 1,964 shares during the last quarter. Finally, Dearborn Partners LLC raised its position in shares of GCM Grosvenor by 12.5% in the 3rd quarter. Dearborn Partners LLC now owns 23,150 shares of the company’s stock valued at $279,000 after acquiring an additional 2,574 shares during the period. Institutional investors and hedge funds own 99.95% of the company’s stock.

Insider Activity

In other GCM Grosvenor news, CFO Pamela L. Bentley sold 40,000 shares of GCM Grosvenor stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $11.61, for a total value of $464,400.00. Following the sale, the chief financial officer owned 43,309 shares of the company’s stock, valued at $502,817.49. This trade represents a 48.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 76.40% of the stock is owned by corporate insiders.

GCM Grosvenor Price Performance

NASDAQ GCMG opened at $11.27 on Friday. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 30.46 and a beta of 0.80. The business has a 50 day simple moving average of $11.43 and a 200 day simple moving average of $11.72. GCM Grosvenor Inc. has a 52-week low of $9.86 and a 52-week high of $13.55.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. GCM Grosvenor had a net margin of 8.14% and a return on equity of 2,505.59%. The firm had revenue of $177.10 million for the quarter, compared to analyst estimates of $160.20 million. Analysts anticipate that GCM Grosvenor Inc. will post 0.64 earnings per share for the current fiscal year.

GCM Grosvenor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, March 2nd. GCM Grosvenor’s dividend payout ratio is 129.73%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Weiss Ratings cut shares of GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Oppenheimer reiterated an “outperform” rating and issued a $24.00 target price on shares of GCM Grosvenor in a report on Wednesday, February 11th. Finally, Wall Street Zen raised shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, GCM Grosvenor currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

GCM Grosvenor Company 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.