SG Americas Securities LLC Takes Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

SG Americas Securities LLC acquired a new position in GCM Grosvenor Inc. (NASDAQ:GCMG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,844 shares of the company’s stock, valued at approximately $191,000.

Other large investors have also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in GCM Grosvenor during the 4th quarter worth about $117,000. Wasatch Advisors LP raised its stake in shares of GCM Grosvenor by 111.5% during the first quarter. Wasatch Advisors LP now owns 2,342,156 shares of the company’s stock worth $22,625,000 after buying an additional 1,234,505 shares during the last quarter. GSA Capital Partners LLP acquired a new position in GCM Grosvenor in the first quarter valued at approximately $873,000. Russell Investments Group Ltd. boosted its stake in GCM Grosvenor by 23.7% in the first quarter. Russell Investments Group Ltd. now owns 681,202 shares of the company’s stock valued at $6,580,000 after acquiring an additional 130,547 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in GCM Grosvenor by 35.6% during the 1st quarter. Blair William & Co. IL now owns 164,442 shares of the company’s stock worth $1,589,000 after acquiring an additional 43,207 shares during the period. Institutional investors and hedge funds own 99.95% of the company’s stock.

GCM Grosvenor Stock Performance

NASDAQ GCMG opened at $11.61 on Thursday. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of -36.28 and a beta of 0.54. The business has a 50 day simple moving average of $11.12 and a 200 day simple moving average of $10.36. GCM Grosvenor Inc. has a 52-week low of $7.70 and a 52-week high of $11.78.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $116.95 million during the quarter, compared to the consensus estimate of $117.12 million. On average, analysts predict that GCM Grosvenor Inc. will post 0.5 EPS for the current year.

GCM Grosvenor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Tuesday, September 3rd. GCM Grosvenor’s dividend payout ratio is -137.50%.

Analyst Ratings Changes

Several research firms have recently issued reports on GCMG. TD Cowen raised their price target on GCM Grosvenor from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Piper Sandler raised their target price on GCM Grosvenor from $10.50 to $11.50 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Oppenheimer upped their price target on GCM Grosvenor from $14.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price objective on shares of GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, UBS Group increased their target price on shares of GCM Grosvenor from $9.50 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.10.

Insider Activity

In other news, insider Kathleen Patricia Sullivan sold 5,000 shares of the company’s stock in a transaction dated 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 directly owns 47,307 shares of the company’s stock, valued at $507,604.11. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 77.30% of the company’s stock.

GCM Grosvenor Profile

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.