GCM Grosvenor Inc. (NASDAQ:GCMG – Get Free Report) insider Kathleen Sullivan sold 15,037 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $13.16, for a total transaction of $197,886.92. Following the completion of the sale, the insider directly owned 44,795 shares in the company, valued at approximately $589,502.20. This represents a 25.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Kathleen Patricia Sullivan also recently made the following trade(s):
- On Wednesday, September 2nd, Kathleen Sullivan sold 24,963 shares of GCM Grosvenor stock. The stock was sold at an average price of $13.15, for a total value of $328,263.45.
GCM Grosvenor Stock Down 0.6%
GCMG stock opened at $13.27 on Friday. The stock has a market cap of $2.69 billion, a P/E ratio of 25.52 and a beta of 0.83. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 2.96. GCM Grosvenor Inc. has a twelve month low of $9.30 and a twelve month high of $14.87. The company’s 50 day moving average is $13.24 and its two-hundred day moving average is $11.71.
GCM Grosvenor Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.12 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.48 dividend on an annualized basis and a yield of 3.6%. GCM Grosvenor’s payout ratio is currently 92.31%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on GCM Grosvenor from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings raised GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Wall Street Zen upgraded shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. TD Cowen boosted their price objective on shares of GCM Grosvenor from $13.50 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Oppenheimer cut their price objective 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. 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.com, GCM Grosvenor currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.
Check Out Our Latest Stock Report on GCMG
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in GCMG. Royal Bank of Canada boosted its position in shares of GCM Grosvenor by 942.2% in the first quarter. Royal Bank of Canada now owns 79,085 shares of the company’s stock worth $1,046,000 after acquiring an additional 71,497 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of GCM Grosvenor by 81.6% during the first quarter. AQR Capital Management LLC now owns 29,403 shares of the company’s stock worth $389,000 after purchasing an additional 13,214 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of GCM Grosvenor by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company’s stock worth $339,000 after purchasing an additional 1,412 shares in the last quarter. Millennium Management LLC increased its stake in GCM Grosvenor by 88.9% during the 1st quarter. Millennium Management LLC now owns 577,977 shares of the company’s stock worth $7,647,000 after buying an additional 271,989 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in GCM Grosvenor by 200.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 285,477 shares of the company’s stock worth $3,300,000 after buying an additional 190,486 shares in the last quarter. Hedge funds and other 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.
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