Equities analysts expect Grosvenor Capital Management, L.P. (NASDAQ:GCMG – Get Rating) to report $0.13 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Grosvenor Capital Management’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.16. Grosvenor Capital Management reported earnings of $0.10 per share during the same quarter last year, which would indicate a positive year over year growth rate of 30%. The business is expected to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Grosvenor Capital Management will report full year earnings of $0.66 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.76. For the next year, analysts expect that the firm will post earnings of $0.80 per share, with EPS estimates ranging from $0.74 to $0.89. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Grosvenor Capital Management.
Grosvenor Capital Management (NASDAQ:GCMG – Get Rating) last posted its earnings results on Tuesday, February 15th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. Grosvenor Capital Management had a negative return on equity of 183.85% and a net margin of 4.43%. The business had revenue of $190.60 million during the quarter, compared to the consensus estimate of $156.83 million. During the same period in the previous year, the business earned $0.09 EPS.
GCMG remained flat at $$8.18 during trading on Friday. The company’s stock had a trading volume of 373,447 shares, compared to its average volume of 395,420. The firm has a market capitalization of $1.54 billion, a P/E ratio of 21.53 and a beta of 0.19. The stock’s 50-day moving average price is $9.39 and its 200 day moving average price is $10.05. Grosvenor Capital Management has a one year low of $8.03 and a one year high of $12.92.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.89%. Grosvenor Capital Management’s dividend payout ratio is 105.27%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. grew its position in Grosvenor Capital Management by 219.2% in the third quarter. Citigroup Inc. now owns 4,967 shares of the company’s stock valued at $57,000 after acquiring an additional 3,411 shares during the period. Royal Bank of Canada boosted its stake in Grosvenor Capital Management by 128.8% in the 3rd 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 during the period. Voya Investment Management LLC boosted its stake in shares of Grosvenor Capital Management by 11.3% during the 3rd quarter. Voya Investment Management LLC now owns 13,330 shares of the company’s stock worth $154,000 after buying an additional 1,350 shares during the last quarter. Invesco Ltd. grew its stake in Grosvenor Capital Management by 9.6% in the fourth quarter. Invesco Ltd. now owns 14,765 shares of the company’s stock valued at $155,000 after purchasing an additional 1,294 shares in the last quarter. Finally, Walleye Capital LLC boosted its holdings in shares of Grosvenor Capital Management by 47.3% during the 4th quarter. Walleye Capital LLC now owns 16,271 shares of the company’s stock worth $171,000 after buying an additional 5,226 shares during the period. 21.55% of the stock is owned by institutional investors and hedge funds.
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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