GCM Grosvenor Inc. (NASDAQ:GCMG) to Issue Quarterly Dividend of $0.12

GCM Grosvenor Inc. (NASDAQ:GCMG) announced a quarterly dividend on Monday, August 10th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.12 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 1st.

GCM Grosvenor has a payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect GCM Grosvenor to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 57.1%.

GCM Grosvenor Trading Up 1.8%

NASDAQ:GCMG opened at $13.82 on Tuesday. GCM Grosvenor has a 12 month low of $9.30 and a 12 month high of $14.38. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 2.97. The firm’s 50 day moving average is $12.42 and its 200 day moving average is $11.38. The stock has a market capitalization of $2.79 billion, a PE ratio of 30.71 and a beta of 0.84.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. GCM Grosvenor had a return on equity of 222.78% and a net margin of 9.05%.The business had revenue of $134.34 million during the quarter, compared to analyst estimates of $131.21 million. Sell-side analysts expect that GCM Grosvenor will post 0.66 earnings per share for the current year.

Institutional Trading of GCM Grosvenor

A number of hedge funds have recently made changes to their positions in GCMG. Ameriprise Financial Inc. increased its stake in GCM Grosvenor by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 6,060,384 shares of the company’s stock valued at $70,058,000 after acquiring an additional 166,578 shares during the last quarter. Vanguard Group Inc. lifted its position in GCM Grosvenor by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,755,329 shares of the company’s stock worth $57,397,000 after buying an additional 114,983 shares during the last quarter. UBS Group AG lifted its position in GCM Grosvenor by 438.3% in the 3rd quarter. UBS Group AG now owns 1,833,941 shares of the company’s stock worth $22,136,000 after buying an additional 1,493,250 shares during the last quarter. State Street Corp boosted its stake in GCM Grosvenor by 18.3% in the fourth quarter. State Street Corp now owns 1,649,438 shares of the company’s stock worth $18,672,000 after buying an additional 254,642 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in GCM Grosvenor by 145.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,529,439 shares of the company’s stock valued at $17,313,000 after acquiring an additional 906,608 shares during the last quarter. 99.95% of the stock is owned by institutional investors.

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.