Taylor Frigon Capital Management LLC Has $1.91 Million Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

Taylor Frigon Capital Management LLC cut its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,751 shares of the company’s stock after selling 6,343 shares during the quarter. Taylor Frigon Capital Management LLC owned 0.09% of GCM Grosvenor worth $1,910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Copeland Capital Management LLC bought a new stake in shares of GCM Grosvenor during the third quarter worth $58,000. LRI Investments LLC bought a new stake in GCM Grosvenor during the 1st quarter worth $95,000. Quadrature Capital Ltd acquired a new position in GCM Grosvenor in the 4th quarter worth about $117,000. Price T Rowe Associates Inc. MD raised its position in GCM Grosvenor by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,461 shares of the company’s stock valued at $121,000 after purchasing an additional 2,341 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of GCM Grosvenor during the second quarter valued at about $157,000. Institutional investors own 99.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GCMG shares. Piper Sandler raised their price objective on shares of 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 target 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. TD Cowen increased 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. JPMorgan Chase & Co. lowered their target price on GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, UBS Group increased their price target on GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.10.

GCM Grosvenor Trading Up 0.9 %

GCMG stock traded up $0.11 during midday trading on Thursday, hitting $11.72. The stock had a trading volume of 30,963 shares, compared to its average volume of 175,281. The business has a fifty day moving average price of $11.14 and a two-hundred day moving average price of $10.37. GCM Grosvenor Inc. has a 1-year low of $7.70 and a 1-year high of $11.78. The firm has a market cap of $2.21 billion, a P/E ratio of -36.28 and a beta of 0.54.

GCM Grosvenor (NASDAQ:GCMG) last announced its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, beating the consensus estimate 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%. On average, equities analysts anticipate that GCM Grosvenor Inc. will post 0.5 EPS for the current year.

GCM Grosvenor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.44 annualized dividend and a dividend yield of 3.75%. GCM Grosvenor’s dividend payout ratio is currently -137.50%.

Insider Activity at GCM Grosvenor

In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 5,000 shares of the firm’s stock in a transaction on 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 directly owns 47,307 shares in the company, valued at approximately $507,604.11. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 77.30% of the stock is owned by corporate insiders.

GCM Grosvenor 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.