North Star Investment Management Corp. Acquires 87,000 Shares of GCM Grosvenor Inc. $GCMG

North Star Investment Management Corp. raised its holdings in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 41.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 297,518 shares of the company’s stock after purchasing an additional 87,000 shares during the period. North Star Investment Management Corp.’s holdings in GCM Grosvenor were worth $2,916,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GCMG. Ameriprise Financial Inc. boosted its stake in shares of GCM Grosvenor by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 6,060,384 shares of the company’s stock valued at $70,058,000 after purchasing an additional 166,578 shares in the last quarter. Vanguard Group Inc. raised its stake in GCM Grosvenor by 2.5% in the third quarter. Vanguard Group Inc. now owns 4,755,329 shares of the company’s stock worth $57,397,000 after buying an additional 114,983 shares in the last quarter. UBS Group AG lifted its holdings in GCM Grosvenor by 438.3% during the third quarter. UBS Group AG now owns 1,833,941 shares of the company’s stock worth $22,136,000 after buying an additional 1,493,250 shares during the period. State Street Corp lifted its holdings in GCM Grosvenor by 18.3% during the fourth quarter. State Street Corp now owns 1,649,438 shares of the company’s stock worth $18,672,000 after buying an additional 254,642 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in GCM Grosvenor by 145.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,529,439 shares of the company’s stock valued at $17,313,000 after acquiring an additional 906,608 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Price Performance

Shares of GCMG opened at $12.34 on Monday. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 27.42 and a beta of 0.85. GCM Grosvenor Inc. has a twelve month low of $9.30 and a twelve month high of $13.22. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 2.97. The company has a 50 day moving average of $11.09 and a two-hundred day moving average of $11.06.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. GCM Grosvenor had a return on equity of 222.78% and a net margin of 9.05%.The business had revenue of $124.78 million for the quarter, compared to the consensus estimate of $130.13 million. As a group, analysts predict that GCM Grosvenor Inc. will post 0.66 earnings per share for the current fiscal year.

GCM Grosvenor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, June 5th. GCM Grosvenor’s payout ratio is 106.67%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GCMG. Weiss Ratings reiterated a “hold (c+)” rating on shares of GCM Grosvenor in a report on Friday, April 10th. Wall Street Zen cut GCM Grosvenor from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Oppenheimer raised their price objective on GCM Grosvenor from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. TD Cowen lifted their target price on GCM Grosvenor from $13.50 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Piper Sandler reduced their target price on shares of GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.