Grosvenor Capital Management (NASDAQ:GCMG) Rating Reiterated by William Blair

Grosvenor Capital Management (NASDAQ:GCMGGet Rating)‘s stock had its “outperform” rating reissued by equities researchers at William Blair in a note issued to investors on Tuesday, Zacks.com reports. William Blair also issued estimates for Grosvenor Capital Management’s Q2 2022 earnings at $0.12 EPS, FY2022 earnings at $0.55 EPS, Q2 2023 earnings at $0.16 EPS, Q3 2023 earnings at $0.18 EPS, Q4 2023 earnings at $0.26 EPS and FY2023 earnings at $0.76 EPS.

GCMG has been the subject of several other reports. Oppenheimer decreased their price target on shares of Grosvenor Capital Management from $12.00 to $11.00 in a report on Wednesday, April 13th. Zacks Investment Research cut shares of Grosvenor Capital Management from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th.

Grosvenor Capital Management stock opened at $8.13 on Tuesday. The stock has a 50 day moving average price of $9.52. The stock has a market capitalization of $1.53 billion, a P/E ratio of 32.52 and a beta of 0.19. Grosvenor Capital Management has a fifty-two week low of $8.05 and a fifty-two week high of $12.92.

Grosvenor Capital Management (NASDAQ:GCMGGet Rating) last released its earnings results on Tuesday, February 15th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05. The business had revenue of $190.60 million for the quarter, compared to the consensus estimate of $156.83 million. Grosvenor Capital Management had a net margin of 4.04% and a negative return on equity of 187.86%. During the same period last year, the firm posted $0.09 earnings per share. Equities research analysts forecast that Grosvenor Capital Management will post 0.71 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund lifted its stake in Grosvenor Capital Management by 24.4% in the first quarter. New York State Common Retirement Fund now owns 31,808 shares of the company’s stock valued at $309,000 after acquiring an additional 6,248 shares during the last quarter. Walleye Capital LLC lifted its stake in Grosvenor Capital Management by 47.3% in the fourth quarter. Walleye Capital LLC now owns 16,271 shares of the company’s stock valued at $171,000 after acquiring an additional 5,226 shares during the last quarter. BlackRock Inc. lifted its stake in Grosvenor Capital Management by 6.0% in the fourth quarter. BlackRock Inc. now owns 2,666,750 shares of the company’s stock valued at $28,001,000 after acquiring an additional 151,471 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Grosvenor Capital Management by 32.8% in the fourth quarter. Parametric Portfolio Associates LLC now owns 19,100 shares of the company’s stock valued at $201,000 after acquiring an additional 4,716 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Grosvenor Capital Management in the fourth quarter valued at approximately $235,000. Hedge funds and other institutional investors own 21.55% of the company’s stock.

About Grosvenor Capital Management (Get Rating)

Grosvenor Capital Management, L.P. 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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