Copeland Capital Management LLC Takes Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

Copeland Capital Management LLC bought a new stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,082 shares of the company’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GCMG. LRI Investments LLC purchased a new position in shares of GCM Grosvenor during the 1st quarter valued at approximately $95,000. Quadrature Capital Ltd purchased a new position in shares of GCM Grosvenor during the 4th quarter valued at approximately $117,000. Price T Rowe Associates Inc. MD lifted its position in shares of GCM Grosvenor by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,461 shares of the company’s stock valued at $121,000 after buying an additional 2,341 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of GCM Grosvenor during the 2nd quarter valued at approximately $157,000. Finally, SG Americas Securities LLC purchased a new position in shares of GCM Grosvenor during the 3rd quarter valued at approximately $191,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GCMG. UBS Group raised their price objective on GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday. Piper Sandler raised their price objective on GCM Grosvenor from $10.50 to $11.50 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Oppenheimer raised their price objective on GCM Grosvenor from $14.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. decreased their price objective on GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, TD Cowen raised their price objective on GCM Grosvenor from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.10.

Insider Transactions at GCM Grosvenor

In related news, insider Kathleen Patricia Sullivan sold 5,000 shares of the business’s 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 sale, the insider now directly owns 47,307 shares in the company, valued at approximately $507,604.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 77.30% of the company’s stock.

GCM Grosvenor Stock Down 0.1 %

NASDAQ GCMG opened at $11.71 on Wednesday. GCM Grosvenor Inc. has a 52 week low of $7.70 and a 52 week high of $11.78. The business’s fifty day simple moving average is $11.10 and its 200-day simple moving average is $10.34. The firm has a market cap of $2.21 billion, a PE ratio of -36.59 and a beta of 0.54.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate 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 business had revenue of $116.95 million for the quarter, compared to analyst estimates of $117.12 million. Research analysts expect that GCM Grosvenor Inc. will post 0.5 EPS for the current year.

GCM Grosvenor Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.44 annualized dividend and a dividend yield of 3.76%. GCM Grosvenor’s dividend payout ratio is presently -137.50%.

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.