Insider Selling: GCM Grosvenor (NASDAQ:GCMG) CFO Sells 40,000 Shares of Stock

GCM Grosvenor Inc. (NASDAQ:GCMG) CFO Pamela Bentley sold 40,000 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $464,400.00. Following the completion of the transaction, the chief financial officer directly owned 43,309 shares of the company’s stock, valued at approximately $502,817.49. The trade was a 48.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

GCM Grosvenor Stock Up 0.4%

GCM Grosvenor stock traded up $0.05 during trading hours on Thursday, hitting $11.65. 479,963 shares of the stock traded hands, compared to its average volume of 571,227. GCM Grosvenor Inc. has a one year low of $10.23 and a one year high of $14.48. The firm’s 50-day moving average price is $11.36 and its two-hundred day moving average price is $11.94. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 112.30. The company has a market cap of $2.26 billion, a PE ratio of 41.61 and a beta of 0.90.

GCM Grosvenor (NASDAQ:GCMG) last released its earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $134.97 million during the quarter, compared to analysts’ expectations of $126.70 million. GCM Grosvenor had a negative return on equity of 246.80% and a net margin of 6.23%. On average, research analysts forecast that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

GCM Grosvenor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.1%. GCM Grosvenor’s dividend payout ratio is currently 171.43%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of GCM Grosvenor in a research report on Monday. Piper Sandler lowered their target price on shares of GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Finally, Wall Street Zen upgraded GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, GCM Grosvenor presently has an average rating of “Moderate Buy” and a consensus target price of $15.67.

Institutional Trading of GCM Grosvenor

Several institutional investors have recently added to or reduced their stakes in GCMG. Ameriprise Financial Inc. increased its holdings in shares of GCM Grosvenor by 2.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,060,384 shares of the company’s stock worth $70,058,000 after purchasing an additional 166,578 shares in the last quarter. Vanguard Group Inc. increased its holdings in GCM Grosvenor by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,755,329 shares of the company’s stock worth $57,397,000 after buying an additional 114,983 shares in the last quarter. Ariel Investments LLC raised its position in GCM Grosvenor by 0.5% in the 2nd quarter. Ariel Investments LLC now owns 4,452,562 shares of the company’s stock worth $51,472,000 after buying an additional 23,307 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in GCM Grosvenor during the 2nd quarter valued at about $43,384,000. Finally, UBS Group AG lifted its position in GCM Grosvenor by 438.3% during the third quarter. UBS Group AG now owns 1,833,941 shares of the company’s stock valued at $22,136,000 after purchasing an additional 1,493,250 shares during the period. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

About GCM Grosvenor

GCM Grosvenor Inc is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities.