GCM Grosvenor (NASDAQ:GCMG) Insider Kathleen Patricia Sullivan Sells 24,963 Shares of Stock

GCM Grosvenor Inc. (NASDAQ:GCMG) insider Kathleen Sullivan sold 24,963 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $13.15, for a total transaction of $328,263.45. Following the completion of the transaction, the insider owned 59,832 shares in the company, valued at $786,790.80. This trade represents a 29.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Kathleen Patricia Sullivan also recently made the following trade(s):

• On Thursday, September 3rd, Kathleen Sullivan sold 15,037 shares of GCM Grosvenor stock. The stock was sold at an average price of $13.16, for a total transaction of $197,886.92.

GCM Grosvenor Trading Up 2.1%

GCMG stock traded up $0.27 during midday trading on Thursday, hitting $13.35. The stock had a trading volume of 443,598 shares, compared to its average volume of 552,148. The firm has a market cap of $2.71 billion, a P/E ratio of 25.67 and a beta of 0.83. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 2.96. GCM Grosvenor Inc. has a 1-year low of $9.30 and a 1-year high of $14.87. The business has a fifty day moving average price of $13.20 and a two-hundred day moving average price of $11.69.

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

GCM Grosvenor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.48 annualized dividend and a yield of 3.6%. GCM Grosvenor’s dividend payout ratio (DPR) is currently 92.31%.

Institutional Investors Weigh In On GCM Grosvenor

Hedge funds and other institutional investors have recently modified their holdings of the company. National Bank of Canada FI raised its position in shares of GCM Grosvenor by 65.5% during the third 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 period. CANADA LIFE ASSURANCE Co increased its stake in GCM Grosvenor by 44.9% during 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 in the last quarter. Tower Research Capital LLC TRC increased its stake in GCM Grosvenor by 308.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock valued at $67,000 after purchasing an additional 4,362 shares in the last quarter. Quarry LP acquired a new position in GCM Grosvenor during the third quarter worth $71,000. Finally, CWM LLC lifted its stake in shares of GCM Grosvenor by 104.8% in the fourth quarter. CWM LLC now owns 8,601 shares of the company’s stock valued at $97,000 after buying an additional 4,402 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

Analysts Set New Price Targets

GCMG has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on GCM Grosvenor from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Piper Sandler lifted their price objective on shares of GCM Grosvenor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Oppenheimer dropped their target price on shares of GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. TD Cowen increased their target price on shares of GCM Grosvenor from $13.50 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings upgraded shares of GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, GCM Grosvenor presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

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.