GCM Grosvenor (GCMG) to Release Earnings on Friday

GCM Grosvenor (NASDAQ:GCMG) will post its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect GCM Grosvenor to post earnings of $0.13 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.14 EPS 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 the consensus estimate of $117.12 million. GCM Grosvenor had a net margin of 3.46% and a negative return on equity of 73.82%. On average, analysts expect GCM Grosvenor to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

GCM Grosvenor Trading Up 4.4 %

Shares of NASDAQ:GCMG opened at $12.25 on Thursday. GCM Grosvenor has a twelve month low of $7.75 and a twelve month high of $12.27. The firm has a market cap of $2.31 billion, a P/E ratio of -245.00 and a beta of 0.54. The company has a 50 day moving average of $11.27 and a 200-day moving average of $10.52.

Insider Transactions at GCM Grosvenor

In related 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 value of $53,650.00. Following the completion of the transaction, the insider now owns 47,307 shares in the company, valued at $507,604.11. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 77.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Piper Sandler increased their price target on GCM Grosvenor from $10.50 to $11.50 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. TD Cowen raised their target price on GCM Grosvenor from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, August 9th. UBS Group lifted their target price on GCM Grosvenor from $9.50 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price target 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. Finally, Oppenheimer lifted their price objective on shares of GCM Grosvenor from $14.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, GCM Grosvenor has a consensus rating of “Hold” and an average target price 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.