Royce & Associates LP Sells 190,495 Shares of GCM Grosvenor Inc. $GCMG

Royce & Associates LP reduced its position in GCM Grosvenor Inc. (NASDAQ:GCMG) by 8.7% during the third quarter, Holdings Channel reports. The institutional investor owned 2,003,894 shares of the company’s stock after selling 190,495 shares during the quarter. Royce & Associates LP’s holdings in GCM Grosvenor were worth $24,187,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GCMG. CWM LLC boosted its stake in GCM Grosvenor by 83.6% in the third quarter. CWM LLC now owns 4,199 shares of the company’s stock valued at $51,000 after acquiring an additional 1,912 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of 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 during the last quarter. Legal & General Group Plc boosted its position in shares of GCM Grosvenor by 96.8% in the 2nd quarter. Legal & General Group Plc now owns 8,638 shares of the company’s stock worth $100,000 after purchasing an additional 4,249 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in GCM Grosvenor during the 2nd quarter worth $173,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in GCM Grosvenor in the third quarter valued at about $175,000. Institutional investors own 99.95% of the company’s stock.

Insider Buying and Selling at GCM Grosvenor

In related news, CFO Pamela L. Bentley sold 40,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $11.61, for a total value of $464,400.00. Following the completion of the transaction, the chief financial officer owned 43,309 shares of the company’s stock, 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 can be accessed through this hyperlink. 77.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $24.00 price target on shares of GCM Grosvenor in a report on Wednesday, February 11th. Finally, Weiss Ratings lowered shares of GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, GCM Grosvenor presently has an average rating of “Moderate Buy” and an average price target of $19.00.

GCM Grosvenor Stock Down 2.7%

GCM Grosvenor stock opened at $11.58 on Monday. The business’s 50-day moving average price is $11.42 and its 200 day moving average price is $11.75. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 3.36. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 31.30 and a beta of 0.80. GCM Grosvenor Inc. has a 52 week low of $9.86 and a 52 week high of $14.18.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The business had revenue of $177.10 million for the quarter, compared to analyst estimates of $160.20 million. GCM Grosvenor had a return on equity of 2,505.59% and a net margin of 8.14%. As a group, sell-side analysts anticipate that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, March 2nd. GCM Grosvenor’s dividend payout ratio is presently 129.73%.

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.