Grosvenor Capital Management, L.P. (NASDAQ:GCMG – Get Rating) – Investment analysts at Oppenheimer dropped their Q2 2022 earnings estimates for shares of Grosvenor Capital Management in a report released on Wednesday, May 11th. Oppenheimer analyst C. Kotowski now anticipates that the company will earn $0.12 per share for the quarter, down from their prior forecast of $0.16. Oppenheimer also issued estimates for Grosvenor Capital Management’s Q3 2022 earnings at $0.14 EPS, Q4 2022 earnings at $0.15 EPS, FY2022 earnings at $0.54 EPS and FY2023 earnings at $0.86 EPS.
Other analysts also recently issued reports about the company. William Blair reissued an “outperform” rating on shares of Grosvenor Capital Management in a research report on Tuesday, May 10th. Zacks Investment Research downgraded Grosvenor Capital Management from a “buy” rating to a “hold” rating in a research report on Tuesday, April 19th.
Grosvenor Capital Management (NASDAQ:GCMG – Get Rating) last issued its earnings results on Tuesday, February 15th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $190.60 million during the quarter, compared to analysts’ expectations of $156.83 million. Grosvenor Capital Management had a negative return on equity of 183.85% and a net margin of 4.43%. During the same period in the prior year, the business earned $0.09 EPS.
A number of institutional investors have recently made changes to their positions in GCMG. Natixis boosted its holdings in Grosvenor Capital Management by 41.7% during the 3rd quarter. Natixis now owns 1,700,000 shares of the company’s stock valued at $19,584,000 after acquiring an additional 500,000 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in Grosvenor Capital Management by 24.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 2,322,839 shares of the company’s stock valued at $24,389,000 after acquiring an additional 463,592 shares during the period. BlackRock Inc. boosted its holdings in Grosvenor Capital Management by 19.5% during the 3rd quarter. BlackRock Inc. now owns 2,515,279 shares of the company’s stock valued at $28,976,000 after acquiring an additional 411,096 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Grosvenor Capital Management during the 4th quarter valued at about $3,504,000. Finally, Atom Investors LP purchased a new position in shares of Grosvenor Capital Management in the 3rd quarter valued at about $3,738,000. Institutional investors own 21.55% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Tuesday, May 31st. Grosvenor Capital Management’s payout ratio is 105.27%.
Grosvenor Capital Management Company Profile (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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