GCM Grosvenor Target of Unusually High Options Trading (NASDAQ:GCMG)

GCM Grosvenor Inc. (NASDAQ:GCMG) saw unusually large options trading activity on Monday. Stock traders purchased 7,807 call options on the company. This represents an increase of approximately 10,896% compared to the typical volume of 71 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. National Bank of Canada FI grew its position in shares of GCM Grosvenor by 65.5% in the third quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock valued at $53,000 after purchasing an additional 1,743 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of GCM Grosvenor by 44.9% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock worth $52,000 after purchasing an additional 1,417 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in GCM Grosvenor by 308.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock valued at $67,000 after purchasing an additional 4,362 shares during the period. Quarry LP bought a new stake in GCM Grosvenor during the 3rd quarter valued at approximately $71,000. Finally, CWM LLC grew its holdings in GCM Grosvenor by 104.8% in the 4th quarter. CWM LLC now owns 8,601 shares of the company’s stock valued at $97,000 after buying an additional 4,402 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

GCM Grosvenor Stock Performance

GCM Grosvenor stock traded up $0.55 during trading hours on Monday, reaching $13.46. 89,712 shares of the company were exchanged, compared to its average volume of 564,391. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 29.91 and a beta of 0.83. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 2.97. The stock has a 50-day moving average of $11.27 and a 200 day moving average of $11.10. GCM Grosvenor has a 12 month low of $9.30 and a 12 month high of $13.66.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. GCM Grosvenor had a net margin of 9.05% and a return on equity of 222.78%. The company had revenue of $124.78 million for the quarter, compared to analyst estimates of $130.13 million. As a group, research analysts anticipate that GCM Grosvenor will post 0.66 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were paid a $0.12 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.48 dividend on an annualized basis and a yield of 3.6%. GCM Grosvenor’s dividend payout ratio (DPR) is presently 106.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GCMG shares. TD Cowen upped their price target on shares of GCM Grosvenor from $13.50 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Piper Sandler cut their price objective on GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of GCM Grosvenor in a research report on Friday, April 10th. Oppenheimer boosted their target price on GCM Grosvenor from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Wall Street Zen lowered GCM Grosvenor from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, GCM Grosvenor currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

GCM Grosvenor Company Profile

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.