GCM Grosvenor (GCMG) to Release Earnings on Friday

GCM Grosvenor (NASDAQ:GCMG) is scheduled to be releasing its earnings data before the market opens on Friday, November 8th. Analysts expect GCM Grosvenor to post earnings of $0.13 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. GCM Grosvenor had a negative return on equity of 73.82% and a net margin of 3.46%. The firm had revenue of $116.95 million during the quarter, compared to analysts’ expectations of $117.12 million. On average, analysts expect GCM Grosvenor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

GCM Grosvenor Stock Performance

GCMG opened at $11.54 on Friday. The stock has a 50-day moving average price of $11.23 and a 200-day moving average price of $10.46. GCM Grosvenor has a 12-month low of $7.75 and a 12-month high of $11.90. The stock has a market capitalization of $2.18 billion, a P/E ratio of -230.80 and a beta of 0.54.

GCM Grosvenor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date was Tuesday, September 3rd. GCM Grosvenor’s payout ratio is currently -880.00%.

Insider Buying and Selling at GCM Grosvenor

In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $10.73, for a total transaction of $53,650.00. Following the completion of the transaction, the insider now owns 47,307 shares of the company’s stock, valued at $507,604.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 77.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GCMG has been the subject of several analyst reports. TD Cowen increased their target price on GCM Grosvenor from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, August 9th. UBS Group increased their target price on GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their target price on GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Piper Sandler increased their target price on GCM Grosvenor from $10.50 to $11.50 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Oppenheimer increased their target price on GCM Grosvenor from $14.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, GCM Grosvenor has an average rating of “Hold” and a consensus price target of $13.10.

About GCM Grosvenor

GCM Grosvenor Inc is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities.