Globeflex Capital L P Invests $1.39 Million in GCM Grosvenor Inc. $GCMG

Globeflex Capital L P acquired a new stake in GCM Grosvenor Inc. (NASDAQ:GCMG) during the 2nd quarter, HoldingsChannel reports. The firm acquired 112,982 shares of the company’s stock, valued at approximately $1,390,000.

A number of other hedge funds have also modified their holdings of GCMG. CANADA LIFE ASSURANCE Co boosted its position in GCM Grosvenor by 44.9% during the fourth 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 last quarter. National Bank of Canada FI raised its position in GCM Grosvenor by 65.5% during the third quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock valued at $53,000 after acquiring an additional 1,743 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in 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 acquiring an additional 4,362 shares during the last quarter. Quarry LP bought a new stake in GCM Grosvenor in the third quarter worth approximately $71,000. Finally, CWM LLC lifted its position in shares of GCM Grosvenor by 104.8% in the fourth quarter. CWM LLC now owns 8,601 shares of the company’s stock worth $97,000 after buying an additional 4,402 shares during the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GCMG. Weiss Ratings raised GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. Piper Sandler upped their price target on shares of GCM Grosvenor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. TD Cowen raised their price target on GCM Grosvenor from $13.50 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. raised their target price on GCM Grosvenor from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered shares of GCM Grosvenor from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, GCM Grosvenor presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

GCM Grosvenor Trading Down 0.6%

Shares of GCM Grosvenor stock opened at $13.65 on Tuesday. GCM Grosvenor Inc. has a 52-week low of $9.30 and a 52-week high of $14.87. The firm has a market capitalization of $2.77 billion, a PE ratio of 26.25 and a beta of 0.84. 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 company’s fifty day moving average price is $12.99 and its two-hundred day moving average price is $11.55.

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

GCM Grosvenor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.48 dividend on an annualized basis and a yield of 3.5%. GCM Grosvenor’s dividend payout ratio is 92.31%.

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.