GCM Grosvenor (NASDAQ:GCMG) Insider Kathleen Patricia Sullivan Sells 24,963 Shares of Stock

GCM Grosvenor Inc. (NASDAQ:GCMG) insider Kathleen Sullivan sold 24,963 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $13.15, for a total value of $328,263.45. Following the completion of the transaction, the insider owned 59,832 shares of the company’s stock, valued at $786,790.80. This trade represents a 29.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Kathleen Patricia Sullivan also recently made the following trade(s):

• On Thursday, September 3rd, Kathleen Sullivan sold 15,037 shares of GCM Grosvenor stock. The shares were sold at an average price of $13.16, for a total value of $197,886.92.

GCM Grosvenor Stock Up 2.1%

Shares of GCMG stock opened at $13.35 on Friday. The stock’s 50-day simple moving average is $13.22 and its 200-day simple moving average is $11.70. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.89 and a current ratio of 1.89. The firm has a market capitalization of $2.71 billion, a PE ratio of 25.67 and a beta of 0.83. 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 earnings results on Monday, August 10th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $134.34 million during the quarter, compared to the consensus estimate of $131.21 million. GCM Grosvenor had a return on equity of 142.74% and a net margin of 7.79%. Equities analysts expect that GCM Grosvenor Inc. will post 0.7 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.48 dividend on an annualized basis and a yield of 3.6%. GCM Grosvenor’s dividend payout ratio (DPR) is currently 92.31%.

Institutional Investors Weigh In On GCM Grosvenor

A number of hedge funds and other institutional investors have recently made changes to their positions in GCMG. UBS Group AG lifted its stake in shares of GCM Grosvenor by 438.3% in the 3rd 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. Goldman Sachs Group Inc. grew its position in GCM Grosvenor by 145.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,529,439 shares of the company’s stock valued at $17,313,000 after buying an additional 906,608 shares during the period. Millennium Management LLC increased its holdings in GCM Grosvenor by 231.0% in the third quarter. Millennium Management LLC now owns 1,290,222 shares of the company’s stock valued at $15,573,000 after buying an additional 900,458 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of GCM Grosvenor by 200.0% in the third quarter. Qube Research & Technologies Ltd now owns 706,848 shares of the company’s stock worth $8,532,000 after acquiring an additional 471,223 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of GCM Grosvenor during the 2nd quarter worth about $4,226,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings raised shares of GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Oppenheimer reduced their target price 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 upped their price target on shares of GCM Grosvenor from $13.50 to $14.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Piper Sandler increased their price target on GCM Grosvenor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lifted their price objective on GCM Grosvenor from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.