Pamela Bentley Sells 10,000 Shares of GCM Grosvenor (NASDAQ:GCMG) Stock

GCM Grosvenor Inc. (NASDAQ:GCMG) CFO Pamela Bentley sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $12.68, for a total value of $126,800.00. Following the completion of the sale, the chief financial officer directly owned 14,397 shares in the company, valued at approximately $182,553.96. The trade was a 40.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GCM Grosvenor Price Performance

Shares of GCMG stock traded down $0.08 during trading hours on Wednesday, hitting $12.68. 511,128 shares of the company’s stock were exchanged, compared to its average volume of 389,679. 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 firm has a market cap of $2.57 billion, a P/E ratio of 24.39 and a beta of 0.83. The firm has a 50 day moving average of $13.23 and a two-hundred day moving average of $11.77. GCM Grosvenor Inc. has a fifty-two week low of $9.30 and a fifty-two week high of $14.87.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings results on Monday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $134.34 million for the quarter, compared to analysts’ expectations of $131.21 million. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. Sell-side analysts forecast that GCM Grosvenor Inc. will post 0.7 EPS for the current year.

GCM Grosvenor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.12 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.48 annualized dividend and a dividend yield of 3.8%. GCM Grosvenor’s dividend payout ratio (DPR) is 92.31%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GCMG. Wall Street Zen upgraded shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Weiss Ratings upgraded GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. TD Cowen increased their target price on GCM Grosvenor from $13.50 to $14.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. raised their target price on GCM Grosvenor from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Finally, Oppenheimer dropped their price target on 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 research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Institutional Trading of GCM Grosvenor

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new stake in GCM Grosvenor in the second quarter valued at $4,226,000. Globeflex Capital L P purchased a new position in shares of GCM Grosvenor during the 1st quarter worth $1,198,000. Dimensional Fund Advisors LP grew its holdings in shares of GCM Grosvenor by 17.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 823,520 shares of the company’s stock worth $8,070,000 after purchasing an additional 122,110 shares during the period. North Star Investment Management Corp. increased its position in shares of GCM Grosvenor by 41.3% during the 1st quarter. North Star Investment Management Corp. now owns 297,518 shares of the company’s stock worth $2,916,000 after purchasing an additional 87,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of GCM Grosvenor by 18.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 280,406 shares of the company’s stock worth $2,748,000 after purchasing an additional 44,316 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.