GCM Grosvenor (NASDAQ:GCMG) CFO Pamela Bentley Sells 40,000 Shares

GCM Grosvenor Inc. (NASDAQ:GCMG) CFO Pamela Bentley sold 40,000 shares of GCM Grosvenor stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 24,397 shares in the company, valued at $306,426.32. This represents a 62.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GCM Grosvenor Stock Performance

GCMG opened at $12.68 on Thursday. The company has a 50 day simple moving average of $13.23 and a two-hundred day simple moving average of $11.77. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market cap of $2.57 billion, a P/E ratio of 24.39 and a beta of 0.83. GCM Grosvenor Inc. has a 1-year low of $9.30 and a 1-year high of $14.87.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. The firm had revenue of $134.34 million for the quarter, compared to the consensus estimate of $131.21 million. Equities analysts forecast that GCM Grosvenor Inc. will post 0.7 earnings per share for the current fiscal year.

GCM Grosvenor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, September 1st. GCM Grosvenor’s dividend payout ratio is presently 92.31%.

Analysts Set New Price Targets

Several brokerages have recently commented on GCMG. TD Cowen boosted their price objective on GCM Grosvenor from $13.50 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. Piper Sandler lifted their target price on GCM Grosvenor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Wall Street Zen raised GCM Grosvenor from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Finally, JPMorgan Chase & Co. boosted their price target on GCM Grosvenor from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Institutional Trading of GCM Grosvenor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of 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 purchasing an additional 122,110 shares during the last quarter. North Reef Capital Management LP lifted its position in shares of GCM Grosvenor by 4.8% in the first quarter. North Reef Capital Management LP now owns 630,179 shares of the company’s stock worth $6,176,000 after buying an additional 28,824 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of GCM Grosvenor by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 459,360 shares of the company’s stock worth $4,502,000 after buying an additional 38,338 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in GCM Grosvenor by 6.3% during 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 buying an additional 20,682 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its stake in GCM Grosvenor by 41.3% during the first quarter. North Star Investment Management Corp. now owns 297,518 shares of the company’s stock valued at $2,916,000 after buying an additional 87,000 shares during the last quarter. 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.