GCM Grosvenor (NASDAQ:GCMG) Insider Sells $328,263.45 in Stock

GCM Grosvenor Inc. (NASDAQ:GCMG) insider Kathleen Sullivan sold 24,963 shares of the company’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 approximately $786,790.80. This represents a 29.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 shares were sold at an average price of $13.16, for a total transaction of $197,886.92.

GCM Grosvenor Price Performance

Shares of NASDAQ GCMG opened at $13.27 on Friday. The firm has a market cap of $2.69 billion, a P/E ratio of 25.52 and a beta of 0.83. GCM Grosvenor Inc. has a twelve month low of $9.30 and a twelve month high of $14.87. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 2.96. The company has a 50 day moving average of $13.24 and a 200 day moving average of $11.71.

GCM Grosvenor (NASDAQ:GCMG) last issued its earnings results on Monday, August 10th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The business had revenue of $134.34 million for the quarter, compared to the consensus estimate of $131.21 million. GCM Grosvenor had a return on equity of 142.74% and a net margin of 7.79%. As a group, research analysts expect that GCM Grosvenor Inc. will post 0.7 EPS for the current fiscal year.

GCM Grosvenor Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently commented on GCMG shares. Piper Sandler lifted their price target on shares of 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 upgraded shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. JPMorgan Chase & Co. raised their target price on shares of GCM Grosvenor from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Oppenheimer cut their target price on shares of GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Finally, Weiss Ratings upgraded shares of GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GCMG. UBS Group AG grew its stake in shares of GCM Grosvenor by 438.3% during the 3rd quarter. UBS Group AG now owns 1,833,941 shares of the company’s stock valued at $22,136,000 after acquiring an additional 1,493,250 shares during the period. Goldman Sachs Group Inc. lifted its holdings in GCM Grosvenor by 145.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,529,439 shares of the company’s stock valued at $17,313,000 after purchasing an additional 906,608 shares in the last quarter. Millennium Management LLC lifted its holdings in GCM Grosvenor by 231.0% during the third quarter. Millennium Management LLC now owns 1,290,222 shares of the company’s stock valued at $15,573,000 after purchasing an additional 900,458 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in shares of GCM Grosvenor by 200.0% in the third quarter. Qube Research & Technologies Ltd now owns 706,848 shares of the company’s stock worth $8,532,000 after purchasing an additional 471,223 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of GCM Grosvenor in the second quarter worth approximately $4,226,000. Institutional investors own 99.95% of the company’s stock.

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.