GCM Grosvenor, Inc. (GCMG)

NASDAQ: GCMG · IEX Real-Time Price · USD
9.21 -0.37 (-3.86%)
Jan 25, 2022 4:00 PM EST - Market closed
Market Cap1.72B
Revenue (ttm)770.98M
Net Income (ttm)11.70M
Shares Out186.88M
EPS (ttm)0.21
PE Ratio43.86
Forward PE14.93
Dividend$0.33 (3.58%)
Ex-Dividend DateNov 30, 2021
Volume421,110
Open9.48
Previous Close9.58
Day's Range9.21 - 9.48
52-Week Range9.21 - 13.80
Beta0.00
AnalystsBuy
Price Target12.67 (+37.6%)
Earnings DateFeb 23, 2022

About GCMG

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. The firm invests in equity and alternative investment markets of the United States and internationally. The firm invests in multi-strategy, credit-focused, equity-focused, macro-focused, commodity-focused, and other specialt...

IndustryAsset Management
Founded1971
Employees492
Stock ExchangeNASDAQ
Ticker SymbolGCMG
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for GCM Grosvenor stock is "Buy." The 12-month stock price forecast is 12.67, which is an increase of 37.57% from the latest price.

Price Target
$12.67
(37.57% upside)
Analyst Consensus: Buy

News

GCM Grosvenor Makes Majority Investment in ReSource Waste Services

CHICAGO, Nov. 30, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (NASDAQ: GCMG), a leading global alternative asset management solutions provider, announced today that it has entered into an agreement with ReEn...

1 month ago - GlobeNewsWire

GCM Grosvenor Reports Strong Third Quarter 2021, With $3 Billion of Fundraising and 20% Year-Over-Year Growth in Asse...

CHICAGO, Nov. 10, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported strong results for the third fiscal quarter ende...

2 months ago - GlobeNewsWire

GCM Grosvenor Raises $500 Million to Invest in Alternative Strategies as Part of GCM Grosvenor Insurance Solutions

CHICAGO, Nov. 08, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it has closed on a $500 million structured alterna...

2 months ago - GlobeNewsWire

GCM Grosvenor Hires Tom Hobson to Expand its Insurance Solutions Business

CHICAGO, Nov. 05, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Tom Hobson has joined the firm as a Managing Direc...

2 months ago - GlobeNewsWire

GCM Grosvenor Schedules Release of Third Quarter 2021 Financial Results and Investor Conference Call on November 10, ...

CHICAGO, Oct. 27, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the third quarter ...

2 months ago - GlobeNewsWire

5 Stocks for Higher Returns as Analysts Initiate Coverage

Increased analyst coverage over the past few weeks might lead to solid price appreciation for stocks like Alpha and Omega (AOSL), Preferred Apartment (APTS), Hut 8 Mining (HUT), GCM (GCMG) & Harmony Bio...

Other symbols:AOSLAPTSHRMYHUT
3 months ago - Zacks Investment Research

4 Stocks to Reap Solid Returns as Analysts Initiate Coverage

Increased analyst coverage over the past few weeks might lead to solid price appreciation for stocks like Preferred Apartment (APTS), GCM (GCMG), Aadi (AADI) & Vivint (VVNT).

Other symbols:APTSVVNT
4 months ago - Zacks Investment Research

GCM Grosvenor to Join Horizon as New Strategic Investor

COLUMBUS, Ohio, Aug. 24, 2021 /PRNewswire/ --  Horizon , a fiber-optic broadband company based in Columbus, Ohio, announces today that it and its shareholders have entered into an agreement with GCM Gro...

5 months ago - PRNewsWire

GCM Grosvenor Reports Strong Second Quarter 2021, Increases Dividend and Approves a Stock Repurchase Plan

Revenue to GCM Grosvenor increased 33% to $119.7 million and Fee-Related Revenue increased 13% to $84.9 million from the three months ended June 30, 2020 ("prior year QTD")

5 months ago - GlobeNewsWire

GCM Grosvenor to Present at UBS Financial Services Virtual Conference

CHICAGO, July 30, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Michael Sacks, GCM Grosvenor's Chairman and Chief ...

5 months ago - GlobeNewsWire

GCM Grosvenor Schedules Release of Second Quarter 2021 Financial Results and Investor Conference Call on August 10, 2021

CHICAGO, July 27, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the second quarter...

5 months ago - GlobeNewsWire

ArcLight Announces Successful Closing of Renewable Infrastructure Continuation Fund

BOSTON, July 8, 2021 /PRNewswire/ -- ArcLight Capital Partners, LLC ("ArcLight") announces the successful closing of ArcLight Renewable Infrastructure Fund SM SPV, L.P. (the "Fund"), ArcLight's first co...

6 months ago - PRNewsWire

GCM Grosvenor Announces J.B. Kiley Joined as Managing Director

CHICAGO, July 06, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, announced today that it hired J.B. Kiley as a Managing Director...

6 months ago - GlobeNewsWire

GCM Grosvenor Announces Hiring of John Morrison and Creation of GCM Grosvenor Insurance Solutions

CHICAGO, June 28, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, announced today that it will form GCM Grosvenor Insurance Solut...

6 months ago - GlobeNewsWire

GCM Grosvenor Added to Russell 2000 Index

CHICAGO, June 25, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced that it joined the Russell 2000® Index after the equity marke...

7 months ago - GlobeNewsWire

GCM Grosvenor Announces Successful Closing of Incremental Term Loan and Expected Closing of Mosaic Assets Repurchase ...

Final Mosaic Purchase Price to Reflect $13 Million Discount to Repurchase Option Price Final Mosaic Purchase Price to Reflect $13 Million Discount to Repurchase Option Price

7 months ago - GlobeNewsWire

GCM Grosvenor Releases Labor and Economic Impact Report for its Labor Impact Fund

An Estimated $2.2 Billion of Regional Economic Impact Generated in Fiscal Year 2020 An Estimated $2.2 Billion of Regional Economic Impact Generated in Fiscal Year 2020

7 months ago - GlobeNewsWire

GCM Grosvenor Announces $85 Million Upsizing of Term Loan to Enable Repurchase of Mosaic Assets

CHICAGO, June 14, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will seek to upsize its Term Loan by $85 millio...

7 months ago - GlobeNewsWire

Chuck Royce's Firm Makes Changes to 3 Positions in May

Royce Investment Partners revealed earlier this week it reduced one position, added to another and sold out of a holding in May.

Other symbols:IMXIRMED
7 months ago - GuruFocus

GCM Grosvenor to Present at Morgan Stanley US Financials, Payments & CRE Conference

CHICAGO, June 03, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Michael Sacks, Chairman and Chief Executive Office...

7 months ago - GlobeNewsWire

GCM Grosvenor to Participate in William Blair Growth Stock Conference

CHICAGO, May 25, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Michael Sacks, Chairman and Chief Executive Officer...

8 months ago - GlobeNewsWire

GCM Grosvenor Reports Strong First Quarter Fiscal 2021 Results

CHICAGO, May 13, 2021 /PRNewswire/ -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported its results for the first fiscal quarter ended March ...

8 months ago - PRNewsWire

GCM Grosvenor Responds to SEC Guidance Relating to Warrants

CHICAGO, May 3, 2021 /PRNewswire/ -- GCM Grosvenor, Inc. (NASDAQ: GCMG) (or the "Company"), a global alternative asset management solutions provider, today announced in a Current Report on Form 8-K that...

8 months ago - PRNewsWire

GCM Grosvenor Exceeds $2 Billion Diverse Manager Allocation Target More Than One Year Ahead of Schedule

CHICAGO, April 29, 2021 /PRNewswire/ -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today announced that it has met its June 2019 stated objective of allocati...

8 months ago - PRNewsWire

GCM Grosvenor Expands in Canada

CHICAGO, April 26, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, announced today that Brad Ballard and Lisa Griffith are joinin...

8 months ago - GlobeNewsWire