Equities research analysts forecast that Grosvenor Capital Management, L.P. (NASDAQ:GCMG – Get Rating) will post sales of $121.56 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Grosvenor Capital Management’s earnings, with the lowest sales estimate coming in at $111.80 million and the highest estimate coming in at $131.31 million. Grosvenor Capital Management reported sales of $103.22 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.8%. The business is scheduled to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Grosvenor Capital Management will report full year sales of $551.37 million for the current year, with estimates ranging from $547.30 million to $555.43 million. For the next financial year, analysts anticipate that the firm will post sales of $593.97 million, with estimates ranging from $587.54 million to $600.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Grosvenor Capital Management.
Grosvenor Capital Management (NASDAQ:GCMG – Get Rating) last released its quarterly earnings data on Tuesday, February 15th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05. Grosvenor Capital Management had a net margin of 4.04% and a negative return on equity of 187.86%. The business had revenue of $190.60 million for the quarter, compared to analyst estimates of $156.83 million. During the same quarter last year, the firm earned $0.09 EPS.
A number of analysts have recently commented on GCMG shares. Zacks Investment Research raised shares of Grosvenor Capital Management from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Thursday, February 17th. Oppenheimer lowered their price target on shares of Grosvenor Capital Management from $12.00 to $11.00 in a research note on Wednesday, April 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Grosvenor Capital Management currently has an average rating of “Buy” and a consensus target price of $12.25.
NASDAQ:GCMG opened at $9.14 on Monday. The firm has a market cap of $1.72 billion, a P/E ratio of 36.56 and a beta of 0.04. Grosvenor Capital Management has a twelve month low of $8.44 and a twelve month high of $13.55. The business’s 50 day moving average price is $9.93.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Monday, February 28th. Grosvenor Capital Management’s payout ratio is presently 160.01%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Royce & Associates LP lifted its stake in Grosvenor Capital Management by 3.4% in the fourth quarter. Royce & Associates LP now owns 5,953,923 shares of the company’s stock valued at $62,516,000 after acquiring an additional 197,440 shares during the last quarter. BlackRock Inc. increased its stake in shares of Grosvenor Capital Management by 6.0% during the 4th quarter. BlackRock Inc. now owns 2,666,750 shares of the company’s stock worth $28,001,000 after purchasing an additional 151,471 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of Grosvenor Capital Management by 24.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 2,322,839 shares of the company’s stock valued at $24,389,000 after purchasing an additional 463,592 shares during the period. Natixis lifted its stake in Grosvenor Capital Management by 41.7% in the 3rd quarter. Natixis now owns 1,700,000 shares of the company’s stock valued at $19,584,000 after purchasing an additional 500,000 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Grosvenor Capital Management by 3.3% during the third quarter. Bank of New York Mellon Corp now owns 1,081,845 shares of the company’s stock worth $12,462,000 after purchasing an additional 34,659 shares during the period. Institutional investors and hedge funds own 22.20% of the company’s stock.
About Grosvenor Capital Management (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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