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GCM Grosvenor, Inc. (GCMG)

NASDAQ: GCMG · IEX Real-Time Price · USD
11.43 -0.17 (-1.47%)
Sep 17, 2021 4:00 PM EDT - Market closed
Market Cap2.14B
Revenue (ttm)652.90M
Net Income (ttm)7.29M
Shares Out42.64M
EPS (ttm)-0.07
PE Ration/a
Forward PE16.10
Dividend$0.23 (2.01%)
Ex-Dividend DateAug 31, 2021
Volume1,365,578
Open11.60
Previous Close11.60
Day's Range11.43 - 11.80
52-Week Range8.83 - 15.06
Betan/a
AnalystsBuy
Price Target14.25 (+24.7%)
Est. Earnings DateNov 9, 2021

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
Employees500
Stock ExchangeNASDAQ
Ticker SymbolGCMG
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for GCM Grosvenor stock is "Buy." The 12-month stock price forecast is 14.25, which is an increase of 24.67% from the latest price.

Price Target
$14.25
(24.67% upside)
Analyst Consensus: Buy

News

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
5 days 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...

3 weeks 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")

1 month 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 ...

1 month 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...

1 month 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...

2 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...

2 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...

2 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...

2 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

2 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

2 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...

3 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
3 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...

3 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...

3 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 ...

4 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...

4 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...

4 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...

4 months ago - GlobeNewsWire

GCM Grosvenor Schedules Release of Fourth Quarter and Full Year 2020 Financial Results and Investor Conference Call

CHICAGO, Feb. 11, 2021 /PRNewswire/ -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management firm, announced today that it will release its results for the fourth quarter and full year 202...

7 months ago - PRNewsWire

Top 4 4th-Quarter Trades of Chuck Royce's Firm

Royce Investment Partners, the firm founded by Chuck Royce (Trades, Portfolio), disclosed this week that the firm's top four trades included a new position in GCM Grosvenor Inc. (NASDAQ:GCMG), a positio...

Other symbols:CKHRLTRUP
7 months ago - GuruFocus

Board Approves GCM Grosvenor $0.06 per Share Dividend Payable March 15, 2021 to Stockholders of Record on March 1, 2021

CHICAGO, Jan. 4, 2021 /PRNewswire/ -- The Board of Directors of GCM Grosvenor Inc. (Nasdaq: GCMG) declared a quarterly dividend of $0.06 per share on the outstanding Class A common stock of GCMG. The Bo...

8 months ago - PRNewsWire

Alaska Communications Announces Amendment of Amended & Restated Merger Agreement with Macquarie Capital and GCM Grosv...

ANCHORAGE, Alaska--(BUSINESS WIRE)--Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) (“Alaska Communications” or the “Company”), together with Macquarie Capital (“Macquarie Capital”) and GCM Gro...

8 months ago - Business Wire

GCM Grosvenor Announces Completion of Business Combination

CHICAGO, Nov. 17, 2020 /PRNewswire/ -- GCM Grosvenor, a global alternative asset management firm, and CF Finance Acquisition Corp. ("CFAC") (NASDAQ: CFFA) announced today that they have completed their ...

10 months ago - PRNewsWire

CF Finance Acquisition Corp. and GCM Grosvenor Announce Receipt of All Approvals Required for Business Combination

NEW YORK and CHICAGO, Nov. 6, 2020 /PRNewswire/ -- CF Finance Acquisition Corp. ("CFAC") (NASDAQ: CFFA) and GCM Grosvenor, a global alternative asset management firm, announced today that they have rece...

10 months ago - PRNewsWire