GCM Grosvenor Inc (NASDAQ: GCMG) is 36.61% higher on its value in year-to-date trading and has touched a low of $8.04 and a high of $12.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GCMG stock was last observed hovering at around $12.43 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $12.24, the stock is 3.76% and 5.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing -1.53% at the moment leaves the stock 19.83% off its SMA200. GCMG registered 46.41% gain for a year compared to 6-month gain of 24.64%. The firm has a 50-day simple moving average (SMA 50) of $11.5244 and a 200-day simple moving average (SMA200) of $10.196325.
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The stock witnessed a 5.43% loss in the last 1 month and extending the period to 3 months gives it a 12.60%, and is 5.43% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.37% over the week and 2.91% over the month.
GCM Grosvenor Inc (GCMG) has around 538 employees, a market worth around $2.32B and $454.36M in sales. Fwd P/E is 15.19. Profit margin for the company is 3.16%. Distance from 52-week low is 52.24% and -1.88% from its 52-week high. The company has generated returns on investments over the last 12 months (3.15%).
The EPS is expected to grow by 24.85% this year
The shares outstanding are 44.90M, and float is at 43.49M with Short Float at 8.29%.
The top institutional shareholder in the company is CANTOR FITZGERALD, L. P. with over 6.45 million shares valued at $62.97 million. The investor’s holdings represent 14.7733 of the GCMG Shares outstanding. As of 2024-06-30, the second largest holder is AMERIPRISE FINANCIAL INC with 4.79 million shares valued at $46.74 million to account for 10.9655 of the shares outstanding. The other top investors are ARIEL INVESTMENTS, LLC which holds 4.55 million shares representing 10.4101 and valued at over $44.37 million, while ROYCE & ASSOCIATES LP holds 10.2215 of the shares totaling 4.46 million with a market value of $43.57 million.
GCM Grosvenor Inc (GCMG) Insider Activity
The most recent transaction is an insider sale by SULLIVAN KATHLEEN PATRICIA, the company’s Principal Accounting Officer. SEC filings show that SULLIVAN KATHLEEN PATRICIA sold 5,000 shares of the company’s common stock on Sep 09 ’24 at a price of $10.73 per share for a total of $53635.0. Following the sale, the insider now owns 47307.0 shares.
GCM Grosvenor Inc disclosed in a document filed with the SEC on Dec 21 ’23 that Bentley Pamela L (Chief Financial Officer) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Dec 21 ’23 and was made at $8.81 per share for $0.22 million. Following the transaction, the insider now directly holds 28014.0 shares of the GCMG stock.
Still, SEC filings show that on Dec 20 ’23, Bentley Pamela L (Chief Financial Officer) disposed off 25,000 shares at an average price of $8.76 for $0.22 million. The insider now directly holds 53,014 shares of GCM Grosvenor Inc (GCMG).
