Blair William & Co. IL Raises Stock Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

Blair William & Co. IL boosted its stake in GCM Grosvenor Inc. (NASDAQ:GCMG) by 14.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 188,077 shares of the company’s stock after acquiring an additional 23,635 shares during the period. Blair William & Co. IL owned about 0.10% of GCM Grosvenor worth $1,836,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GCMG. LRI Investments LLC purchased a new position in GCM Grosvenor during the 1st quarter worth approximately $95,000. Quadrature Capital Ltd purchased a new position in shares of GCM Grosvenor during the fourth quarter worth approximately $117,000. Price T Rowe Associates Inc. MD increased its holdings in shares of GCM Grosvenor by 23.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,461 shares of the company’s stock valued at $121,000 after acquiring an additional 2,341 shares during the period. Rhumbline Advisers raised its position in GCM Grosvenor by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 58,772 shares of the company’s stock valued at $574,000 after purchasing an additional 1,402 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in GCM Grosvenor during the 1st quarter worth $873,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Insiders Place Their Bets

In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 5,000 shares of the stock in a transaction 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 sale, the insider now owns 47,307 shares in the company, valued at approximately $507,604.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. 77.30% of the stock is currently owned by company insiders.

GCM Grosvenor Stock Performance

GCM Grosvenor stock opened at $11.49 on Tuesday. The company has a market cap of $2.17 billion, a P/E ratio of -35.91 and a beta of 0.54. GCM Grosvenor Inc. has a one year low of $7.52 and a one year high of $11.52. The business has a fifty day moving average of $10.82 and a two-hundred day moving average of $10.00.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. GCM Grosvenor had a net margin of 3.46% and a negative return on equity of 73.82%. The firm had revenue of $116.95 million for the quarter, compared to the consensus estimate of $117.12 million. Sell-side analysts predict that GCM Grosvenor Inc. will post 0.5 EPS for the current year.

GCM Grosvenor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.44 annualized dividend and a yield of 3.83%. GCM Grosvenor’s dividend payout ratio (DPR) is currently -137.50%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GCMG shares. JPMorgan Chase & Co. reduced their target price on shares of GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, August 12th. TD Cowen boosted their price target on GCM Grosvenor from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Oppenheimer decreased their price objective on GCM Grosvenor from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.60.

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.