Grosvenor Capital Management (NASDAQ:GCMG) Sees Large Volume Increase

Grosvenor Capital Management, L.P. (NASDAQ:GCMGGet Free Report) saw an uptick in trading volume on Monday . 141,222 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 134,394 shares.The stock last traded at $8.80 and had previously closed at $8.75.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GCMG. TD Cowen began coverage on Grosvenor Capital Management in a research report on Thursday, January 4th. They issued a “market perform” rating and a $9.50 price objective for the company. Oppenheimer lowered their price objective on Grosvenor Capital Management from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Monday, October 9th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $10.00 price objective on shares of Grosvenor Capital Management in a research report on Wednesday, December 20th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.00.

Get Our Latest Analysis on Grosvenor Capital Management

Grosvenor Capital Management Price Performance

The business has a 50 day simple moving average of $8.67 and a 200 day simple moving average of $8.19. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -36.73 and a beta of 0.50.

Grosvenor Capital Management (NASDAQ:GCMGGet Free Report) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Grosvenor Capital Management had a negative return on equity of 77.52% and a net margin of 3.25%. The company had revenue of $121.71 million for the quarter, compared to analysts’ expectations of $111.58 million. On average, equities research analysts predict that Grosvenor Capital Management, L.P. will post 0.4 EPS for the current year.

Grosvenor Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Thursday, November 30th. Grosvenor Capital Management’s dividend payout ratio (DPR) is -183.33%.

Insiders Place Their Bets

In other Grosvenor Capital Management news, CFO Pamela L. Bentley sold 25,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $8.76, for a total transaction of $219,000.00. Following the transaction, the chief financial officer now directly owns 53,014 shares in the company, valued at $464,402.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 75,000 shares of company stock worth $664,000 over the last ninety days. Corporate insiders own 77.70% of the company’s stock.

Institutional Trading of Grosvenor Capital Management

Hedge funds have recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Grosvenor Capital Management by 80.5% in the second quarter. Barclays PLC now owns 151,469 shares of the company’s stock valued at $1,141,000 after acquiring an additional 67,568 shares in the last quarter. Taylor Frigon Capital Management LLC raised its stake in shares of Grosvenor Capital Management by 24.4% in the second quarter. Taylor Frigon Capital Management LLC now owns 179,633 shares of the company’s stock valued at $1,354,000 after acquiring an additional 35,219 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Grosvenor Capital Management by 3,239.8% in the second quarter. Russell Investments Group Ltd. now owns 334,978 shares of the company’s stock valued at $2,526,000 after acquiring an additional 324,948 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Grosvenor Capital Management by 20.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 71,451 shares of the company’s stock valued at $539,000 after acquiring an additional 12,367 shares in the last quarter. Finally, State of Wyoming raised its stake in shares of Grosvenor Capital Management by 11.3% in the second quarter. State of Wyoming now owns 40,235 shares of the company’s stock valued at $303,000 after acquiring an additional 4,091 shares in the last quarter. 21.60% of the stock is currently owned by institutional investors and hedge funds.

Grosvenor Capital Management Company Profile

(Get Free Report)

Grosvenor Capital Management, L.P. 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.

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