GCM Grosvenor Inc. (NASDAQ:GCMG – Get Free Report) CFO Pamela Bentley sold 40,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $12.56, for a total transaction of $502,400.00. Following the transaction, the chief financial officer directly owned 24,397 shares of the company’s stock, valued at $306,426.32. The trade was a 62.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GCM Grosvenor Trading Down 0.6%
Shares of GCM Grosvenor stock traded down $0.08 during trading on Wednesday, hitting $12.68. The company’s stock had a trading volume of 511,128 shares, compared to its average volume of 389,679. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.89 and a quick ratio of 1.89. GCM Grosvenor Inc. has a 52 week low of $9.30 and a 52 week high of $14.87. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 24.39 and a beta of 0.83. The stock has a 50-day moving average price of $13.23 and a two-hundred day moving average price of $11.77.
GCM Grosvenor (NASDAQ:GCMG – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $134.34 million during the quarter, compared to analyst estimates of $131.21 million. GCM Grosvenor had a return on equity of 142.74% and a net margin of 7.79%. Equities research analysts anticipate that GCM Grosvenor Inc. will post 0.7 EPS for the current fiscal year.
GCM Grosvenor Announces Dividend
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Piper Sandler upped their target price on GCM Grosvenor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Oppenheimer lowered their price target on shares of GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Friday, July 17th. TD Cowen boosted their price target on shares of GCM Grosvenor from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upped their price objective on shares of GCM Grosvenor from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.
View Our Latest Stock Analysis on GCM Grosvenor
Hedge Funds Weigh In On GCM Grosvenor
Several institutional investors have recently added to or reduced their stakes in GCMG. Integrated Wealth Concepts LLC bought a new position in shares of GCM Grosvenor during the 2nd quarter worth approximately $35,000. Levin Capital Strategies L.P. bought a new stake in shares of GCM Grosvenor in the 1st quarter valued at $98,000. Entropy Technologies LP bought a new stake in shares of GCM Grosvenor in the 1st quarter valued at $127,000. Dearborn Partners LLC acquired a new position in shares of GCM Grosvenor during the 2nd quarter valued at $168,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of GCM Grosvenor during the 4th quarter valued at $194,000. 99.95% of the stock is owned by institutional investors and hedge funds.
GCM Grosvenor Company Profile
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.
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