GCM Grosvenor (NASDAQ:GCMG) Releases Quarterly Earnings Results

GCM Grosvenor (NASDAQ:GCMG) released its earnings results on Monday. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01), Zacks reports. GCM Grosvenor had a net margin of 3.08% and a negative return on equity of 73.06%.

GCM Grosvenor Stock Down 2.5 %

Shares of GCMG opened at $13.72 on Wednesday. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of -228.67 and a beta of 0.56. GCM Grosvenor has a 52 week low of $8.05 and a 52 week high of $14.44. The stock’s 50-day moving average price is $12.80 and its 200-day moving average price is $11.85.

GCM Grosvenor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 3.21%. GCM Grosvenor’s dividend payout ratio (DPR) is presently 1,466.67%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group boosted their price target on GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Piper Sandler upgraded GCM Grosvenor from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $12.50 to $14.00 in a report on Monday, December 23rd. TD Cowen downgraded GCM Grosvenor from a “buy” rating to a “hold” rating and dropped their price target for the stock from $13.50 to $12.50 in a research report on Monday, November 11th. Finally, Oppenheimer lifted their price objective on GCM Grosvenor from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. 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 has a consensus rating of “Hold” and an average price target of $13.70.

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.