GCM Grosvenor (NASDAQ:GCMG) Insider Kathleen Patricia Sullivan Sells 24,963 Shares

Key Points

• Insider selling: Kathleen Patricia Sullivan sold 24,963 GCM Grosvenor shares at an average price of $13.15 for $328,263.45, reducing her holdings by 29.44%. She also sold an additional 15,037 shares the following day at $13.16.
• Financial performance and dividend: GCM Grosvenor reported quarterly EPS of $0.19, exceeding estimates by $0.01, and revenue of $134.34 million. The company declared a quarterly dividend of $0.12, equivalent to a 3.6% annualized yield.
• Market outlook: Shares traded at $13.35, while analysts maintained an overall “Moderate Buy” rating with a consensus price target of $15.00; institutional investors own 99.95% of the stock.

GCM Grosvenor Inc. (NASDAQ:GCMG - Get Free Report) insider Kathleen Sullivan sold 24,963 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $13.15, for a total transaction of $328,263.45. Following the sale, the insider owned 59,832 shares in the company, valued at $786,790.80. This represents a 29.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Kathleen Patricia Sullivan also recently made the following trade(s):

• On Thursday, September 3rd, Kathleen Sullivan sold 15,037 shares of GCM Grosvenor stock. The shares were sold at an average price of $13.16, for a total transaction of $197,886.92.

GCM Grosvenor Price Performance

GCMG traded up $0.27 during trading on Thursday, hitting $13.35. 443,598 shares of the stock traded hands, compared to its average volume of 552,148. The business has a 50 day moving average price of $13.20 and a 200 day moving average price of $11.69. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.89 and a quick ratio of 1.89. GCM Grosvenor Inc. has a twelve month low of $9.30 and a twelve month high of $14.87. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 25.67 and a beta of 0.83.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. GCM Grosvenor had a return on equity of 142.74% and a net margin of 7.79%.The firm had revenue of $134.34 million for the quarter, compared to the consensus estimate of $131.21 million. Equities research analysts forecast that GCM Grosvenor Inc. will post 0.7 earnings per share for the current fiscal year.

GCM Grosvenor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, September 1st. GCM Grosvenor's payout ratio is currently 92.31%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its holdings 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 acquiring an additional 1,417 shares during the last quarter. National Bank of Canada FI raised 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 valued at $53,000 after acquiring an additional 1,743 shares during the last quarter. Tower Research Capital LLC TRC lifted 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 worth $67,000 after purchasing an additional 4,362 shares during the period. Quarry LP acquired a new position in shares of GCM Grosvenor during the third quarter worth $71,000. Finally, CWM LLC grew its stake in shares of GCM Grosvenor by 104.8% in the fourth quarter. CWM LLC now owns 8,601 shares of the company's stock worth $97,000 after purchasing an additional 4,402 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on GCMG shares. JPMorgan Chase & Co. increased their target price on shares of GCM Grosvenor from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. TD Cowen upped their price objective on shares of GCM Grosvenor from $13.50 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded shares of GCM Grosvenor from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 13th. Oppenheimer decreased their target price on shares of GCM Grosvenor from $18.00 to $17.00 and set an "outperform" rating on the stock in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded shares of GCM Grosvenor from a "hold" rating to a "buy" rating in a report on Saturday, August 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.00.

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.

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