GCM Grosvenor Inc. $GCMG Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP increased its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 382.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 94,645 shares of the company’s stock after acquiring an additional 75,010 shares during the period. GSA Capital Partners LLP’s holdings in GCM Grosvenor were worth $1,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. CWM LLC raised its holdings in GCM Grosvenor by 83.6% during the third quarter. CWM LLC now owns 4,199 shares of the company’s stock worth $51,000 after purchasing an additional 1,912 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of GCM Grosvenor by 308.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock valued at $67,000 after buying an additional 4,362 shares in the last quarter. Legal & General Group Plc raised its stake in shares of GCM Grosvenor by 96.8% during the 2nd quarter. Legal & General Group Plc now owns 8,638 shares of the company’s stock worth $100,000 after buying an additional 4,249 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of GCM Grosvenor in the 2nd quarter worth about $173,000. Finally, MQS Management LLC acquired a new stake in GCM Grosvenor in the 2nd quarter valued at about $186,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings lowered shares of GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Wall Street Zen raised GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Oppenheimer reissued an “outperform” rating and set a $24.00 price target on shares of GCM Grosvenor in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.00.

GCM Grosvenor Stock Performance

Shares of GCMG stock opened at $11.85 on Thursday. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 32.03 and a beta of 0.80. The company has a 50 day moving average price of $11.41 and a 200 day moving average price of $11.79. GCM Grosvenor Inc. has a one year low of $9.86 and a one year high of $14.48. The company has a debt-to-equity ratio of 112.30, a quick ratio of 2.76 and a current ratio of 2.76.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. GCM Grosvenor had a negative return on equity of 369.56% and a net margin of 8.14%.The business had revenue of $177.10 million during the quarter, compared to the consensus estimate of $160.20 million. Sell-side analysts anticipate that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

GCM Grosvenor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, March 2nd. GCM Grosvenor’s payout ratio is currently 129.73%.

Insider Buying and Selling at GCM Grosvenor

In other news, CFO Pamela L. Bentley sold 40,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $464,400.00. Following the completion of the sale, the chief financial officer owned 43,309 shares in the company, valued at approximately $502,817.49. The trade was a 48.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 76.40% of the stock is owned by corporate insiders.

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.