GCM Grosvenor Inc. (NASDAQ:GCMG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

GCM Grosvenor Inc. (NASDAQ:GCMG) has been assigned a consensus rating of “Moderate Buy” from the three ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $19.00.

A number of brokerages have recently issued reports on GCMG. 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. Oppenheimer restated an “outperform” rating and issued a $24.00 price objective on shares of GCM Grosvenor in a research report on Wednesday, February 11th. Finally, Wall Street Zen raised GCM Grosvenor from a “hold” rating to a “buy” rating in a report on Saturday, November 15th.

GCM Grosvenor Price Performance

Shares of GCMG stock opened at $11.85 on Thursday. GCM Grosvenor has a 52 week low of $9.86 and a 52 week high of $14.48. The stock has a market capitalization of $2.30 billion, a PE ratio of 32.03 and a beta of 0.80. The company has a debt-to-equity ratio of 112.30, a quick ratio of 2.76 and a current ratio of 2.76. The stock’s fifty day moving average is $11.41 and its 200-day moving average is $11.79.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. GCM Grosvenor had a net margin of 8.14% and a negative return on equity of 369.56%. The business had revenue of $177.10 million for the quarter, compared to the consensus estimate of $160.20 million. Equities research analysts expect that GCM Grosvenor will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

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

Insider Buying and Selling

In other GCM Grosvenor news, CFO Pamela L. Bentley sold 40,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $11.61, for a total transaction of $464,400.00. Following the transaction, the chief financial officer directly owned 43,309 shares in the company, valued at approximately $502,817.49. This represents a 48.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 76.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On GCM Grosvenor

Several institutional investors have recently modified their holdings of the business. Cornerstone Investment Partners LLC lifted its holdings in GCM Grosvenor by 2.3% in the third quarter. Cornerstone Investment Partners LLC now owns 39,645 shares of the company’s stock valued at $479,000 after buying an additional 876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of GCM Grosvenor by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company’s stock valued at $339,000 after acquiring an additional 1,412 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of GCM Grosvenor by 44.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock valued at $52,000 after purchasing an additional 1,417 shares during the period. Taylor Frigon Capital Management LLC lifted its stake in shares of GCM Grosvenor by 1.0% in the 4th quarter. Taylor Frigon Capital Management LLC now owns 154,837 shares of the company’s stock valued at $1,753,000 after purchasing an additional 1,573 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of GCM Grosvenor by 65.5% in the 3rd quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock worth $53,000 after purchasing an additional 1,743 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

About GCM Grosvenor

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.