Taylor Frigon Capital Management LLC Sells 6,343 Shares of GCM Grosvenor Inc. (NASDAQ:GCMG)

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

Other institutional investors have also recently bought and sold shares of the company. Copeland Capital Management LLC acquired a new position in shares of GCM Grosvenor during the third quarter valued at about $58,000. LRI Investments LLC bought a new position in GCM Grosvenor in the 1st quarter valued at about $95,000. Price T Rowe Associates Inc. MD increased its holdings in 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 worth $121,000 after purchasing an additional 2,341 shares in the last quarter. Quadrature Capital Ltd bought a new stake in GCM Grosvenor during the 4th quarter worth approximately $117,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of GCM Grosvenor in the second quarter valued at approximately $157,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GCMG shares. TD Cowen increased their price target on GCM Grosvenor from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, August 9th. UBS Group increased their target price on shares of GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. cut their price target on shares of GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Oppenheimer increased their price objective 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. Finally, Piper Sandler boosted their target price on GCM Grosvenor from $10.50 to $11.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.10.

Insider Activity

In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 5,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $10.73, for a total transaction of $53,650.00. Following the sale, the insider now directly owns 47,307 shares of the company’s stock, valued at $507,604.11. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 77.30% of the company’s stock.

GCM Grosvenor Trading Up 0.9 %

Shares of NASDAQ:GCMG traded up $0.11 during midday trading on Thursday, reaching $11.72. The company had a trading volume of 30,963 shares, compared to its average volume of 175,281. GCM Grosvenor Inc. has a 52-week low of $7.70 and a 52-week high of $11.78. The company’s 50 day moving average price is $11.14 and its 200 day moving average price is $10.37. The stock 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 released its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. GCM Grosvenor had a net margin of 3.46% and a negative return on equity of 73.82%. The firm had revenue of $116.95 million for the quarter, compared to analysts’ expectations of $117.12 million. Research analysts forecast that GCM Grosvenor Inc. will post 0.5 EPS for the current fiscal year.

GCM Grosvenor Dividend Announcement

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

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.