GCM Grosvenor (NASDAQ:GCMG) CFO Pamela Bentley Sells 40,000 Shares of Stock

Key Points

• CFO Pamela Bentley sold 40,000 GCM Grosvenor shares at an average price of $12.56, generating $502,400. The Rule 10b5-1 transaction reduced her position by 62.11%, leaving her with 24,397 shares.
• GCM Grosvenor recently exceeded quarterly expectations, reporting $0.19 in EPS versus the $0.18 consensus and revenue of $134.34 million versus estimates of $131.21 million.
• The company pays a quarterly dividend of $0.12 per share, equivalent to a 3.8% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $15.00, compared with the stock’s recent price of $12.68.

GCM Grosvenor Inc. (NASDAQ:GCMG - Get Free Report) CFO Pamela Bentley sold 40,000 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $12.56, for a total value of $502,400.00. Following the completion of the transaction, the chief financial officer owned 24,397 shares in the company, valued at $306,426.32. The trade was a 62.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GCM Grosvenor Price Performance

GCMG stock traded down $0.08 during midday trading on Wednesday, reaching $12.68. The company had a trading volume of 511,128 shares, compared to its average volume of 389,679. GCM Grosvenor Inc. has a 1-year low of $9.30 and a 1-year high of $14.87. The stock has a 50 day moving average price of $13.23 and a 200-day moving average price of $11.77. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 24.39 and a beta of 0.83.

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 firm had revenue of $134.34 million for 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%. Equities research analysts expect that GCM Grosvenor Inc. will post 0.7 earnings per share for the current year.

GCM Grosvenor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, September 1st. GCM Grosvenor's payout ratio is currently 92.31%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GCMG. Oppenheimer reduced their target price on GCM Grosvenor from $18.00 to $17.00 and set an "outperform" rating on the stock in a report on Friday, July 17th. Piper Sandler boosted their price target on GCM Grosvenor from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Tuesday, August 11th. TD Cowen upped their price objective on GCM Grosvenor from $13.50 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Wall Street Zen upgraded GCM Grosvenor from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. Finally, JPMorgan Chase & Co. raised their price objective on GCM Grosvenor from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Four 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

Hedge Funds Weigh In On GCM Grosvenor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new position in GCM Grosvenor in the 2nd quarter worth about $35,000. Squarepoint Ops LLC raised its position in GCM Grosvenor by 15.9% in the second quarter. Squarepoint Ops LLC now owns 19,772 shares of the company's stock valued at $243,000 after purchasing an additional 2,719 shares during the last quarter. Corient Private Wealth LP acquired a new stake in shares of GCM Grosvenor during the second quarter valued at about $444,000. Dearborn Partners LLC acquired a new stake in shares of GCM Grosvenor during the second quarter valued at about $211,000. Finally, Globeflex Capital L P bought a new stake in shares of GCM Grosvenor during the second quarter worth about $1,390,000. Institutional investors own 99.95% of the company's stock.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that provides investment solutions across private equity, infrastructure, real estate and absolute return strategies. The company invests through a range of approaches, including primary fund investments, secondary transactions, direct investments and co-investments.

Founded in 1997, GCM Grosvenor serves institutional investors, including pension funds, endowments, foundations, sovereign wealth funds and insurance companies, as well as family offices and wealth management platforms.

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