GCM Grosvenor (NASDAQ:GCMG) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• GCM Grosvenor beat quarterly estimates: The company reported earnings of $0.19 per share, $0.01 above consensus, while revenue reached $134.34 million versus expectations of $131.21 million.
• Analyst sentiment remains positive: Four analysts rate the stock a Buy, with a consensus price target of $15.33, despite some recent target and rating adjustments.
• GCM Grosvenor shares opened at $13.58, near their 52-week high of $14.38, and institutional investors own approximately 99.95% of the company’s stock.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01, FiscalAI reports. The company had revenue of $134.34 million for the quarter, compared to analysts' expectations of $131.21 million. GCM Grosvenor had a return on equity of 222.78% and a net margin of 9.05%.

GCM Grosvenor Stock Performance

NASDAQ GCMG opened at $13.58 on Monday. GCM Grosvenor has a 52 week low of $9.30 and a 52 week high of $14.38. The company has a 50 day moving average price of $12.36 and a 200 day moving average price of $11.36. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 2.97. The firm has a market cap of $2.74 billion, a PE ratio of 30.18 and a beta of 0.84.

Wall Street Analysts Forecast Growth

GCMG has been the topic of several recent analyst reports. Oppenheimer reduced their price target on GCM Grosvenor from $18.00 to $17.00 and set an "outperform" rating on the stock in a report on Friday, July 17th. Weiss Ratings raised GCM Grosvenor from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, July 21st. Wall Street Zen lowered GCM Grosvenor from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. TD Cowen lifted their target price on GCM Grosvenor from $13.50 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Finally, Piper Sandler boosted their target price on shares of GCM Grosvenor from $13.00 to $15.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $15.33.

Institutional Trading of GCM Grosvenor

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co grew its stake in GCM Grosvenor by 44.9% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company's stock worth $52,000 after buying an additional 1,417 shares during the last quarter. National Bank of Canada FI grew its stake in shares of GCM Grosvenor by 65.5% during the third quarter. National Bank of Canada FI now owns 4,405 shares of the company's stock worth $53,000 after acquiring an additional 1,743 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of GCM Grosvenor by 308.5% during the second quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company's stock valued at $67,000 after acquiring an additional 4,362 shares in the last quarter. Quarry LP purchased a new position in shares of GCM Grosvenor in the 3rd quarter valued at approximately $71,000. Finally, Legal & General Group Plc boosted its stake in GCM Grosvenor by 96.8% in the 2nd quarter. Legal & General Group Plc now owns 8,638 shares of the company's stock worth $100,000 after purchasing an additional 4,249 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company's stock.

About GCM Grosvenor

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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