Insider Selling: GCM Grosvenor (NASDAQ:GCMG) CFO Sells $464,400.00 in Stock

GCM Grosvenor Inc. (NASDAQ:GCMG) CFO Pamela Bentley sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $11.61, for a total value of $464,400.00. Following the sale, the chief financial officer directly owned 43,309 shares of the company’s stock, valued at $502,817.49. The trade was a 48.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

GCM Grosvenor Price Performance

GCMG opened at $11.32 on Friday. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 40.43 and a beta of 0.90. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 112.30. The stock’s 50-day moving average price is $11.36 and its 200 day moving average price is $11.93. GCM Grosvenor Inc. has a 12-month low of $10.23 and a 12-month high of $14.48.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. GCM Grosvenor had a net margin of 6.23% and a negative return on equity of 246.80%. The firm had revenue of $134.97 million during the quarter, compared to analysts’ expectations of $126.70 million. As a group, sell-side analysts expect that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, December 1st. GCM Grosvenor’s dividend payout ratio (DPR) is 171.43%.

Analyst Upgrades and Downgrades

GCMG has been the subject of a number of analyst reports. Wall Street Zen raised GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “buy (b-)” rating on shares of GCM Grosvenor in a report on Monday, December 15th. Finally, Piper Sandler reduced their price objective on GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $15.67.

Institutional Investors Weigh In On GCM Grosvenor

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Penn Capital Management Company LLC increased its holdings in shares of GCM Grosvenor by 1.0% during the 3rd quarter. Penn Capital Management Company LLC now owns 683,929 shares of the company’s stock worth $8,264,000 after buying an additional 7,032 shares during the last quarter. Caxton Associates LLP acquired a new position in GCM Grosvenor in the 3rd quarter worth $164,000. PharVision Advisers LLC purchased a new position in GCM Grosvenor in the third quarter valued at about $437,000. Verition Fund Management LLC increased its stake in shares of GCM Grosvenor by 82.0% in the third quarter. Verition Fund Management LLC now owns 179,568 shares of the company’s stock worth $2,167,000 after buying an additional 80,916 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of GCM Grosvenor in the 3rd quarter worth about $128,000. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

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.