Wall Street brokerages predict that Grosvenor Capital Management, L.P. (NASDAQ:GCMG – Get Rating) will post earnings per share (EPS) of $0.14 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Grosvenor Capital Management’s earnings, with estimates ranging from $0.12 to $0.15. Grosvenor Capital Management reported earnings of $0.10 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 40%. The firm is scheduled to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Grosvenor Capital Management will report full year earnings of $0.74 per share for the current year, with EPS estimates ranging from $0.71 to $0.76. For the next financial year, analysts forecast that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.82 to $0.89. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Grosvenor Capital Management.
Grosvenor Capital Management (NASDAQ:GCMG – Get Rating) last issued its earnings results on Tuesday, February 15th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. Grosvenor Capital Management had a negative return on equity of 187.86% and a net margin of 4.04%. The firm had revenue of $190.60 million for the quarter, compared to the consensus estimate of $156.83 million. During the same quarter in the prior year, the business earned $0.09 earnings per share.
GCMG has been the topic of a number of recent research reports. Oppenheimer lowered their target price on Grosvenor Capital Management from $12.00 to $11.00 in a research note on Wednesday. Zacks Investment Research upgraded Grosvenor Capital Management from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, February 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $12.25.
A number of hedge funds have recently modified their holdings of GCMG. Citigroup Inc. boosted its position in Grosvenor Capital Management by 219.2% during the third quarter. Citigroup Inc. now owns 4,967 shares of the company’s stock worth $57,000 after purchasing an additional 3,411 shares in the last quarter. Royal Bank of Canada boosted its position in Grosvenor Capital Management by 128.8% during the third quarter. Royal Bank of Canada now owns 5,125 shares of the company’s stock worth $60,000 after purchasing an additional 2,885 shares in the last quarter. Voya Investment Management LLC boosted its position in Grosvenor Capital Management by 11.3% during the third quarter. Voya Investment Management LLC now owns 13,330 shares of the company’s stock worth $154,000 after purchasing an additional 1,350 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Grosvenor Capital Management by 9.6% during the fourth quarter. Invesco Ltd. now owns 14,765 shares of the company’s stock valued at $155,000 after acquiring an additional 1,294 shares during the last quarter. Finally, Walleye Capital LLC raised its holdings in shares of Grosvenor Capital Management by 47.3% during the fourth quarter. Walleye Capital LLC now owns 16,271 shares of the company’s stock valued at $171,000 after acquiring an additional 5,226 shares during the last quarter. Institutional investors own 22.20% of the company’s stock.
Shares of GCMG traded up $0.01 during mid-day trading on Friday, reaching $9.14. The company had a trading volume of 178,217 shares, compared to its average volume of 251,450. Grosvenor Capital Management has a 52-week low of $8.44 and a 52-week high of $13.55. The stock has a market capitalization of $1.72 billion, a P/E ratio of 36.56 and a beta of 0.04. The stock has a 50 day moving average of $9.93 and a two-hundred day moving average of $10.45.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 1st were given a dividend of $0.10 per share. The ex-dividend date was Monday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 4.38%. Grosvenor Capital Management’s dividend payout ratio is currently 160.01%.
Grosvenor Capital Management Company Profile (Get Rating)
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.
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