GCM Grosvenor (NASDAQ:GCMG) CFO Pamela Bentley Sells 40,000 Shares

GCM Grosvenor Inc. (NASDAQ:GCMG) CFO Pamela Bentley sold 40,000 shares of the 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 completion of the transaction, the chief financial officer directly owned 43,309 shares of the company’s stock, valued at approximately $502,817.49. The trade was a 48.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

GCM Grosvenor Trading Up 0.4%

Shares of NASDAQ GCMG opened at $11.65 on Friday. GCM Grosvenor Inc. has a 1-year low of $10.23 and a 1-year high of $14.48. The company has a debt-to-equity ratio of 112.30, a current ratio of 2.76 and a quick ratio of 2.76. The business’s 50 day moving average is $11.36 and its two-hundred day moving average is $11.94. The stock has a market capitalization of $2.26 billion, a P/E ratio of 41.61 and a beta of 0.90.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $134.97 million during the quarter, compared to analyst estimates of $126.70 million. GCM Grosvenor had a negative return on equity of 246.80% and a net margin of 6.23%. As a group, research analysts expect 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 was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, December 1st. GCM Grosvenor’s payout ratio is presently 171.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GCMG shares. Wall Street Zen raised shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Piper Sandler cut their price target on shares of GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of GCM Grosvenor in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.67.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its stake in GCM Grosvenor by 2.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,060,384 shares of the company’s stock worth $70,058,000 after acquiring an additional 166,578 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of GCM Grosvenor by 2.5% in the third quarter. Vanguard Group Inc. now owns 4,755,329 shares of the company’s stock valued at $57,397,000 after purchasing an additional 114,983 shares during the period. Ariel Investments LLC grew its stake in GCM Grosvenor by 0.5% in the second quarter. Ariel Investments LLC now owns 4,452,562 shares of the company’s stock worth $51,472,000 after purchasing an additional 23,307 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in GCM Grosvenor in the second quarter worth approximately $43,384,000. Finally, UBS Group AG increased its holdings in GCM Grosvenor by 438.3% during the 3rd quarter. UBS Group AG now owns 1,833,941 shares of the company’s stock worth $22,136,000 after purchasing an additional 1,493,250 shares during the period. Hedge funds and other institutional investors own 99.95% of the company’s stock.

About GCM Grosvenor

GCM Grosvenor Inc is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities.