Globeflex Capital L P Buys Shares of 112,982 GCM Grosvenor Inc. $GCMG

Key Points

• Globeflex Capital initiated a position in GCM Grosvenor, purchasing 112,982 shares valued at approximately $1.39 million. Institutional investors collectively own 99.95% of the company.
• GCM Grosvenor exceeded quarterly expectations, reporting $0.19 in EPS versus a $0.18 consensus estimate and revenue of $134.34 million versus $131.21 million expected.
• The company declared a quarterly dividend of $0.12 per share, equivalent to an annualized $0.48 dividend and a 3.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $15.00.

Globeflex Capital L P purchased a new position in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 112,982 shares of the company's stock, valued at approximately $1,390,000. Globeflex Capital L P owned about 0.06% of GCM Grosvenor at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Ameriprise Financial Inc. grew its stake in GCM Grosvenor by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 6,060,384 shares of the company's stock worth $70,058,000 after purchasing an additional 166,578 shares in the last quarter. Vanguard Group Inc. raised its position in shares of GCM Grosvenor by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,755,329 shares of the company's stock valued at $57,397,000 after acquiring an additional 114,983 shares in the last quarter. UBS Group AG boosted its holdings in GCM Grosvenor by 438.3% in the third quarter. UBS Group AG now owns 1,833,941 shares of the company's stock worth $22,136,000 after purchasing an additional 1,493,250 shares during the period. State Street Corp raised its holdings in shares of GCM Grosvenor by 18.3% during the fourth quarter. State Street Corp now owns 1,649,438 shares of the company's stock worth $18,672,000 after purchasing an additional 254,642 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of GCM Grosvenor by 145.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,529,439 shares of the company's stock worth $17,313,000 after buying an additional 906,608 shares during the last quarter. Institutional investors own 99.95% of the company's stock.

GCM Grosvenor Price Performance

Shares of GCM Grosvenor stock opened at $13.65 on Tuesday. The company's 50-day moving average price is $12.99 and its two-hundred day moving average price is $11.55. The stock has a market cap of $2.77 billion, a PE ratio of 26.25 and a beta of 0.84. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 2.96. GCM Grosvenor Inc. has a 52 week low of $9.30 and a 52 week high of $14.87.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The business had revenue of $134.34 million during the quarter, compared to analyst estimates of $131.21 million. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. As a group, sell-side analysts anticipate that GCM Grosvenor Inc. will post 0.7 EPS for the current fiscal year.

GCM Grosvenor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st. GCM Grosvenor's payout ratio is presently 92.31%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings upgraded GCM Grosvenor from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 13th. Wall Street Zen cut GCM Grosvenor from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Piper Sandler boosted their price objective on GCM Grosvenor from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. raised their target price on GCM Grosvenor from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th. Finally, Oppenheimer cut their target price on GCM Grosvenor from $18.00 to $17.00 and set an "outperform" rating on the stock in a research note on Friday, July 17th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, GCM Grosvenor presently has an average rating of "Moderate Buy" and a consensus target price of $15.00.

GCM Grosvenor 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.

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