Insider Selling: GCM Grosvenor (NASDAQ:GCMG) Insider Sells 15,037 Shares of Stock

Key Points

• Insider selling: Kathleen Sullivan sold 15,037 GCM Grosvenor shares for approximately $197,887, reducing her ownership by 25.13% to 44,795 shares. She also sold 24,963 shares the previous day.
• Stock and earnings: GCMG shares rose 2.1% to $13.35, while the company’s latest quarterly results exceeded analyst expectations for both earnings and revenue.
• Dividend and analyst outlook: The company declared a quarterly dividend of $0.12 per share, implying a 3.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $15.00.

GCM Grosvenor Inc. (NASDAQ:GCMG - Get Free Report) insider Kathleen Sullivan sold 15,037 shares of the company's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $13.16, for a total transaction of $197,886.92. Following the completion of the transaction, the insider owned 44,795 shares in the company, valued at $589,502.20. This represents a 25.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, September 2nd, Kathleen Sullivan sold 24,963 shares of GCM Grosvenor stock. The stock was sold at an average price of $13.15, for a total transaction of $328,263.45.

GCM Grosvenor Trading Up 2.1%

Shares of GCM Grosvenor stock traded up $0.27 on Thursday, hitting $13.35. 443,598 shares of the company traded hands, compared to its average volume of 552,148. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 2.96. The company has a market cap of $2.71 billion, a PE ratio of 25.67 and a beta of 0.83. The stock's 50 day moving average price is $13.20 and its 200-day moving average price is $11.69. 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 announced its quarterly earnings data on Monday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. 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 142.74% and a net margin of 7.79%. Equities research analysts predict that GCM Grosvenor Inc. will post 0.7 EPS for the current year.

GCM Grosvenor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.48 annualized dividend and a dividend yield of 3.6%. GCM Grosvenor's dividend payout ratio (DPR) is currently 92.31%.

Analysts Set New Price Targets

A number of analysts recently weighed in on GCMG shares. JPMorgan Chase & Co. upped their price objective on shares of GCM Grosvenor from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Piper Sandler raised their target price on shares of GCM Grosvenor from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. Oppenheimer reduced their price target 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. Weiss Ratings raised shares of GCM Grosvenor from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 13th. Finally, TD Cowen increased their price objective on shares of GCM Grosvenor from $13.50 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $15.00.

Institutional Trading of GCM Grosvenor

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in shares of GCM Grosvenor by 0.5% in the 1st quarter. Renaissance Technologies LLC now owns 243,700 shares of the company's stock valued at $2,388,000 after buying an additional 1,200 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of GCM Grosvenor by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company's stock worth $339,000 after acquiring an additional 1,412 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in GCM Grosvenor by 44.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company's stock valued at $52,000 after acquiring an additional 1,417 shares during the last quarter. National Bank of Canada FI lifted its position in 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. Finally, Deutsche Bank AG boosted its stake in GCM Grosvenor by 2.6% in the fourth quarter. Deutsche Bank AG now owns 68,211 shares of the company's stock valued at $772,000 after acquiring an additional 1,750 shares in the last quarter. 99.95% of the stock is owned by hedge funds and other institutional investors.

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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