Pamela Bentley Sells 10,000 Shares of GCM Grosvenor (NASDAQ:GCMG) Stock

GCM Grosvenor Inc. (NASDAQ:GCMG) CFO Pamela Bentley sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $12.68, for a total transaction of $126,800.00. Following the completion of the transaction, the chief financial officer directly owned 14,397 shares in the company, valued at $182,553.96. This represents a 40.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GCM Grosvenor Stock Up 2.0%

NASDAQ:GCMG opened at $12.93 on Friday. The firm has a market capitalization of $2.62 billion, a PE ratio of 24.87 and a beta of 0.83. The stock has a 50 day moving average of $13.21 and a 200-day moving average of $11.78. GCM Grosvenor Inc. has a 52 week low of $9.30 and a 52 week high of $14.87. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 2.96.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings data on Monday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Analysts predict that GCM Grosvenor Inc. will post 0.7 EPS for the current year.

GCM Grosvenor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.48 annualized dividend and a dividend yield of 3.7%. GCM Grosvenor’s payout ratio is 92.31%.

Institutional Investors Weigh In On GCM Grosvenor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in GCM Grosvenor by 17.4% during the 1st 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 lifted its stake in shares of GCM Grosvenor by 4.8% in the 1st quarter. North Reef Capital Management LP now owns 630,179 shares of the company’s stock worth $6,176,000 after acquiring 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 worth $4,502,000 after acquiring an additional 38,338 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of GCM Grosvenor by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 348,522 shares of the company’s stock valued at $3,416,000 after acquiring an additional 20,682 shares in the last quarter. 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 acquiring an additional 87,000 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of GCM Grosvenor from $13.50 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Wall Street Zen upgraded shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Piper Sandler raised their price target on shares of GCM Grosvenor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Oppenheimer cut their price target on GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. boosted their price objective on GCM Grosvenor from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.