GCM Grosvenor Inc. (NASDAQ:GCMG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of GCM Grosvenor Inc. (NASDAQ:GCMG) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $15.00.

A number of research firms recently commented on GCMG. Oppenheimer reduced their price target on GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Weiss Ratings raised GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. Piper Sandler lifted their target price on GCM Grosvenor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Wall Street Zen raised GCM Grosvenor from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Finally, JPMorgan Chase & Co. increased 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.

GCM Grosvenor Stock Performance

Shares of GCMG stock opened at $12.84 on Friday. The stock has a market cap of $2.60 billion, a P/E ratio of 24.69 and a beta of 0.83. 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 has a fifty day moving average price of $13.28 and a two-hundred day moving average price of $11.75. GCM Grosvenor has a one year low of $9.30 and a one year high of $14.87.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings data on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $134.34 million for the quarter, compared to analyst estimates of $131.21 million. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. As a group, equities analysts predict that GCM Grosvenor will post 0.7 EPS for the current year.

GCM Grosvenor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 1st. GCM Grosvenor’s payout ratio is currently 92.31%.

Insider Buying and Selling at GCM Grosvenor

In other news, insider Kathleen Sullivan sold 24,963 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $13.15, for a total value of $328,263.45. Following the transaction, the insider directly owned 59,832 shares of the company’s stock, valued at $786,790.80. This represents a 29.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 70.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its holdings in GCM Grosvenor by 0.5% in the 1st quarter. Renaissance Technologies LLC now owns 243,700 shares of the company’s stock valued at $2,388,000 after acquiring an additional 1,200 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of GCM Grosvenor by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company’s stock valued at $339,000 after purchasing an additional 1,412 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of GCM Grosvenor by 44.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock worth $52,000 after purchasing an additional 1,417 shares during the period. National Bank of Canada FI increased its stake 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. Finally, Deutsche Bank AG lifted its holdings in GCM Grosvenor by 2.6% during the 4th quarter. Deutsche Bank AG now owns 68,211 shares of the company’s stock worth $772,000 after purchasing an additional 1,750 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that provides investment solutions across private equity, infrastructure, real estate and absolute return strategies. The company invests through a range of approaches, including primary fund investments, secondary transactions, direct investments and co-investments.

Founded in 1997, GCM Grosvenor serves institutional investors, including pension funds, endowments, foundations, sovereign wealth funds and insurance companies, as well as family offices and wealth management platforms.