SG Americas Securities LLC Invests $191,000 in GCM Grosvenor Inc. (NASDAQ:GCMG)

SG Americas Securities LLC bought a new stake in GCM Grosvenor Inc. (NASDAQ:GCMG) during the third quarter, HoldingsChannel reports. The firm bought 16,844 shares of the company’s stock, valued at approximately $191,000.

Several other institutional investors and hedge funds have also bought and sold shares of GCMG. Susquehanna Fundamental Investments LLC bought a new position in GCM Grosvenor in the second quarter valued at approximately $157,000. Millennium Management LLC raised its stake in shares of GCM Grosvenor by 169.7% during the 2nd quarter. Millennium Management LLC now owns 418,066 shares of the company’s stock worth $4,080,000 after purchasing an additional 263,064 shares in the last quarter. Ariel Investments LLC boosted its holdings in shares of GCM Grosvenor by 1.5% in the 2nd quarter. Ariel Investments LLC now owns 4,546,096 shares of the company’s stock valued at $44,370,000 after buying an additional 66,016 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of GCM Grosvenor by 374.3% in the second quarter. Squarepoint Ops LLC now owns 91,437 shares of the company’s stock valued at $892,000 after buying an additional 72,160 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in GCM Grosvenor by 14.4% during the second quarter. Blair William & Co. IL now owns 188,077 shares of the company’s stock worth $1,836,000 after buying an additional 23,635 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Piper Sandler increased their price target on shares of GCM Grosvenor from $10.50 to $11.50 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Oppenheimer raised their target price on shares of 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 target on GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, August 12th. UBS Group upped their price objective on GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, TD Cowen lifted their target price on GCM Grosvenor from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.10.

GCM Grosvenor Stock Down 0.9 %

Shares of GCMG stock opened at $11.61 on Thursday. GCM Grosvenor Inc. has a 12-month low of $7.70 and a 12-month high of $11.78. The company has a market capitalization of $2.19 billion, a PE ratio of -36.28 and a beta of 0.54. The firm has a 50 day moving average price of $11.12 and a two-hundred day moving average price of $10.36.

GCM Grosvenor (NASDAQ:GCMG) last announced its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $116.95 million for the quarter, compared to analyst estimates of $117.12 million. GCM Grosvenor had a negative return on equity of 73.82% and a net margin of 3.46%. As a group, research analysts expect that GCM Grosvenor Inc. will post 0.5 EPS for the current year.

GCM Grosvenor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Tuesday, September 3rd. GCM Grosvenor’s dividend payout ratio is currently -137.50%.

Insider Activity

In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 5,000 shares of GCM Grosvenor stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $10.73, for a total value of $53,650.00. Following the completion of the sale, the insider now owns 47,307 shares in the company, valued at $507,604.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 77.30% of the stock is currently owned by company insiders.

GCM Grosvenor Company 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.