GCM Grosvenor Inc. (NASDAQ:GCMG) Insider Kathleen Patricia Sullivan Sells 5,000 Shares

GCM Grosvenor Inc. (NASDAQ:GCMG - Get Free Report) insider Kathleen Patricia Sullivan sold 5,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $10.73, for a total transaction of $53,650.00. Following the sale, the insider now directly owns 47,307 shares in the company, valued at $507,604.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

GCM Grosvenor Trading Up 0.1 %

Shares of NASDAQ:GCMG traded up $0.01 during midday trading on Tuesday, hitting $10.70. The company had a trading volume of 123,998 shares, compared to its average volume of 174,567. GCM Grosvenor Inc. has a 12 month low of $7.47 and a 12 month high of $11.47. The firm has a fifty day simple moving average of $10.61 and a 200 day simple moving average of $9.84. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of -33.41 and a beta of 0.54.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $116.95 million for the quarter, compared to analysts' expectations of $117.12 million. GCM Grosvenor had a negative return on equity of 73.82% and a net margin of 3.46%. Equities analysts forecast that GCM Grosvenor Inc. will post 0.5 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 4.11%. The ex-dividend date is Tuesday, September 3rd. GCM Grosvenor's payout ratio is presently -137.50%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Piper Sandler upped their price objective on GCM Grosvenor from $10.00 to $10.50 and gave the stock a "neutral" rating in a report on Monday, May 20th. Oppenheimer cut their price target on GCM Grosvenor from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered their price objective on GCM Grosvenor from $10.50 to $10.00 and set a "neutral" rating for the company in a research report on Monday, August 12th. Finally, TD Cowen boosted their price objective on GCM Grosvenor from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, GCM Grosvenor currently has a consensus rating of "Hold" and a consensus price target of $11.60.

Institutional Investors Weigh In On GCM Grosvenor

Hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd grew its position in shares of GCM Grosvenor by 10.5% in the 1st quarter. Quadrature Capital Ltd now owns 14,401 shares of the company's stock valued at $139,000 after purchasing an additional 1,364 shares during the period. Rhumbline Advisers boosted its holdings in shares of GCM Grosvenor by 2.4% in the second quarter. Rhumbline Advisers now owns 58,772 shares of the company's stock valued at $574,000 after buying an additional 1,402 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of GCM Grosvenor by 30.3% in the fourth quarter. New York State Common Retirement Fund now owns 9,951 shares of the company's stock valued at $89,000 after buying an additional 2,312 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of GCM Grosvenor by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,461 shares of the company's stock worth $121,000 after acquiring an additional 2,341 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of GCM Grosvenor during the first quarter worth $95,000. 99.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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