GCM Grosvenor Inc. (NASDAQ:GCMG) Receives Average Rating of “Moderate Buy” from Brokerages

GCM Grosvenor Inc. (NASDAQ:GCMG) has received an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $15.00.

A number of brokerages have recently commented on GCMG. Wall Street Zen raised GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Sunday, September 27th. Oppenheimer lowered their price objective on GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Weiss Ratings upgraded shares of GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. Piper Sandler boosted their target price on shares of GCM Grosvenor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of GCM Grosvenor from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th.

GCM Grosvenor Price Performance

Shares of GCMG opened at $13.18 on Wednesday. GCM Grosvenor has a 52 week low of $9.30 and a 52 week high of $14.87. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 25.35 and a beta of 0.87. 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 stock has a fifty day moving average of $13.25 and a 200-day moving average of $11.96.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. GCM Grosvenor had a return on equity of 142.74% and a net margin of 7.79%.The business had revenue of $134.34 million for the quarter, compared to analyst estimates of $131.21 million. As a group, sell-side analysts anticipate that GCM Grosvenor will post 0.7 earnings per share for the current fiscal year.

GCM Grosvenor Dividend Announcement

The firm also recently disclosed 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 of this dividend was Tuesday, September 1st. This represents a $0.48 annualized dividend and a dividend yield of 3.6%. GCM Grosvenor’s payout ratio is currently 92.31%.

Insiders Place Their Bets

In related news, CFO Pamela Bentley sold 10,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $182,553.96. This trade represents a 40.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kathleen Sullivan sold 15,037 shares of GCM Grosvenor stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $13.16, for a total value of $197,886.92. Following the transaction, the insider directly owned 44,795 shares in the company, valued at $589,502.20. The trade was a 25.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 90,000 shares of company stock valued at $1,155,350 over the last 90 days. 70.70% of the stock is currently owned by company insiders.

Institutional Trading of GCM Grosvenor

Institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of GCM Grosvenor during the second quarter worth $35,000. Levin Capital Strategies L.P. bought a new stake in GCM Grosvenor during the first quarter valued at $98,000. Entropy Technologies LP acquired a new stake in GCM Grosvenor during the 1st quarter worth about $127,000. QRG Capital Management Inc. acquired a new stake in GCM Grosvenor during the 2nd quarter worth about $129,000. Finally, Dearborn Partners LLC bought a new position in shares of GCM Grosvenor in the 2nd quarter worth about $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 for institutional investors, family offices, financial intermediaries and other qualified investors. The company manages portfolios across private equity, infrastructure, real estate, absolute return strategies and other alternative investments.

Its offerings include customized multi-strategy portfolios, direct and secondary investments, co-investments and specialized strategies designed to provide access to private markets and alternative sources of return.