Grosvenor Capital Management (GCMG) will release its quarterly results on Tuesday
Grosvenor Capital Management (NASDAQ:GCMG – Get Rating) will release its earnings data ahead of market open on Tuesday, May 10. Analysts expect Grosvenor Capital Management to post earnings of $0.13 per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.
Grosvenor Capital Management (NASDAQ:GCMG – Get Rating) last released quarterly earnings data on Tuesday, February 15. The company reported earnings per share of $0.30 for the quarter, beating Thomson Reuters consensus estimate of $0.25 by $0.05. The company posted revenue of $190.60 million in the quarter, versus a consensus estimate of $156.83 million. Grosvenor Capital Management recorded a negative return on equity of 187.86% and a net margin of 4.04%. In the same period a year earlier, the company had earned earnings per share of $0.09. On average, analysts expect Grosvenor Capital Management to post EPS of $1 for the current fiscal year and EPS of $1 for the next fiscal year.
GCMG stock opened at $8.16 on Tuesday. The company has a market capitalization of $1.54 billion, a P/E ratio of 32.64 and a beta of 0.19. Grosvenor Capital Management has a 12-month low of $8.09 and a 12-month high of $13.55. The company has a 50-day moving average price of $9.72.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15. Shareholders of record on Tuesday, March 1 received a dividend of $0.10. This represents an annualized dividend of $0.40 and a dividend yield of 4.90%. The ex-dividend date was Monday, February 28. Grosvenor Capital Management’s payout ratio is currently 160.01%.
A number of large investors have recently increased or reduced their stake in GCMG. Marshall Wace LLP increased its position in Grosvenor Capital Management by 111.7% in the fourth quarter. Marshall Wace LLP now owns 515,037 shares of the company worth $5,407,000 after acquiring an additional 271,769 shares last quarter. Millennium Management LLC increased its position in Grosvenor Capital Management by 298.0% in the fourth quarter. Millennium Management LLC now owns 276,999 shares of the company worth $2,908,000 after acquiring an additional 207,409 shares last quarter. BlackRock Inc. increased its position in Grosvenor Capital Management by 6.0% in the fourth quarter. BlackRock Inc. now owns 2,666,750 shares of the company worth $28,001,000 after acquiring an additional 151,471 shares in the last quarter. Renaissance Technologies LLC increased its position in Grosvenor Capital Management by 139.8% in the fourth quarter. Renaissance Technologies LLC now owns 251,781 shares of the company worth $2,644,000 after acquiring an additional 146,781 shares last quarter. Finally, Morgan Stanley bought a new position in shares of Grosvenor Capital Management in the second quarter worth $1,475,000. Hedge funds and other institutional investors hold 21.55% of the company’s shares.
Several research companies have recently weighed in on GCMG. Oppenheimer cut his price target on Grosvenor Capital Management from $12.00 to $11.00 in a Wednesday, April 13 report. Zacks Investment Research upgraded Grosvenor Capital Management from a “buy” rating to a “hold” rating in a Tuesday, April 19 research note.
Grosvenor Capital Management Company Profile (Get a rating)
Grosvenor Capital Management, LP is a global provider of alternative asset management solutions. The company 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.
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