Insider Selling: GCM Grosvenor (NASDAQ:GCMG) CFO Sells $126,800.00 in Stock

Key Points

• GCM Grosvenor CFO Pamela Bentley sold 10,000 shares for $126,800 at an average price of $12.68 under a pre-arranged Rule 10b5-1 trading plan, reducing her holdings by about 41% to 14,397 shares.
• GCMG shares fell 0.6% to $12.68, while the company’s latest quarterly results slightly exceeded expectations with $0.19 EPS and $134.34 million in revenue.
• The company maintains a quarterly dividend of $0.12, or $0.48 annually, for a 3.8% yield. Analysts assign the stock a consensus “Moderate Buy” rating with a $15.00 price target.

GCM Grosvenor Inc. (NASDAQ:GCMG - Get Free Report) CFO Pamela Bentley sold 10,000 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $12.68, for a total value of $126,800.00. Following the sale, the chief financial officer owned 14,397 shares of the company's stock, valued at approximately $182,553.96. This represents a 40.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GCM Grosvenor Stock Down 0.6%

Shares of GCMG traded down $0.08 during mid-day trading on Wednesday, hitting $12.68. 511,128 shares of the company traded hands, compared to its average volume of 389,679. The company has a market capitalization of $2.57 billion, a PE ratio of 24.39 and a beta of 0.83. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 2.96. The business has a 50 day moving average of $13.23 and a 200 day moving average of $11.77. GCM Grosvenor Inc. has a 1-year low of $9.30 and a 1-year 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, topping analysts' consensus estimates of $0.18 by $0.01. The company had revenue of $134.34 million during the quarter, compared to analysts' expectations of $131.21 million. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. Equities research analysts anticipate that GCM Grosvenor Inc. will post 0.7 EPS for the current year.

GCM Grosvenor Dividend Announcement

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

Institutional Investors Weigh In On GCM Grosvenor

Hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of GCM Grosvenor during the 2nd quarter worth approximately $35,000. Levin Capital Strategies L.P. acquired a new stake in GCM Grosvenor during the first quarter valued at $98,000. Entropy Technologies LP purchased a new position in GCM Grosvenor in the first quarter valued at $127,000. Dearborn Partners LLC acquired a new position in shares of GCM Grosvenor in the second quarter worth about $168,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of GCM Grosvenor during the 4th quarter worth about $194,000. Hedge funds and other institutional investors own 99.95% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on GCMG shares. TD Cowen boosted their price target on GCM Grosvenor from $13.50 to $14.00 and gave the company a "buy" rating in a research note 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. JPMorgan Chase & Co. upped their price objective on shares of GCM Grosvenor from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Piper Sandler increased their price objective on shares of GCM Grosvenor from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Finally, Oppenheimer reduced their target price on shares of GCM Grosvenor from $18.00 to $17.00 and set an "outperform" rating for the company in a report on Friday, July 17th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus 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 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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