Gcm Grosvenor Inc Stock Price, News & Analysis

GCM Grosvenor (GCMG) reported strong first quarter results for 2021, with key metrics reflecting significant growth. Assets Under Management rose 16% year-over-year to $64.9 billion, while Fee-Paying Assets Under Management increased by 12% to $53.4 billion. Revenues grew 25% to $103.2 million, and Adjusted Net Income soared 97% to $18.9 million. The board declared a $0.08 per share dividend payable on June 15, 2021. Management will hold a conference call to discuss these results on May 13, 2021.

GCM Grosvenor (NASDAQ: GCMG) announced it will restate its fiscal 2020 financial statements due to SEC guidance on SPAC warrants. The Company will change the accounting treatment of warrants from equity to liabilities, expecting a non-operating expense increase of $10M to $15M for 2020. Despite the restatement, there will be no impact on previously reported non-GAAP earnings metrics. First quarter 2021 results are scheduled for release on May 13, 2021, with a conference call planned for the same day.

GCM Grosvenor (Nasdaq: GCMG) has surpassed its $2 billion allocation target to women and minority investment managers over a year ahead of the June 2019 timeline. Since 2002, the firm has committed approximately $8 billion to diverse managers. The firm emphasized the overlooked investment opportunities in this sector, aiming to foster equal access to capital. GCM Grosvenor has also dedicated around $17 billion to ESG strategies. With $62 billion in assets under management, GCM Grosvenor is positioning itself as a leader in inclusive investment practices.

GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management firm, announced the hiring of Brad Ballard and Lisa Griffith to expand its presence in the Canadian market. Ballard, with 18 years of experience, will lead Canadian efforts, enhancing client relations with institutional investors. Griffith, who has 14 years in investment management, will support these initiatives. GCM Grosvenor manages approximately $62 billion in assets across various investment strategies and commits to delivering value to Canadian clients.

GCM Grosvenor (GCMG) reported robust financial results for Q4 and the full year 2020, with Adjusted Revenues soaring 54% quarter-over-quarter to $153.0 million. The company's Assets Under Management rose 6% to $61.9 billion, while Net Income reached $7.5 million. Additionally, GCMG announced a quarterly dividend increase to $0.08 per share starting June 15, 2021. The leadership expressed optimism for 2021, highlighting a strong performance and growth trajectory.

Fortress Value Acquisition Corp. II (FAII) and ATI Physical Therapy have entered into a definitive merger agreement. The combined entity will retain the ATI brand and is projected to close in Q2 2021, pending stockholder approval. ATI operates nearly 900 clinics in 25 states and capitalizes on the growing $22 billion outpatient physical therapy market. The transaction values the combined company at approximately $2.5 billion, utilizing $345 million in cash and a $300 million PIPE. After the merger, existing equity holders will maintain substantial ownership, and significant debt reduction is anticipated.

GCM Grosvenor (Nasdaq: GCMG) has announced the release of its fourth quarter and full year 2020 financial results, scheduled for February 25, 2021. Management will hold a webcast and conference call at 10:30 AM ET on the same day to discuss these results and provide a business update. The call can be accessed via the company's website, with a replay available for at least seven days post-call. GCM Grosvenor specializes in alternative asset management, operating across various investment strategies for a global clientele.

The Board of Directors of GCM Grosvenor (Nasdaq: GCMG) declared a quarterly dividend of $0.06 per share on its Class A common stock. This decision aligns with the previous recommendation made on November 19, 2020. The dividend will be payable on March 15, 2021, to shareholders of record by the close of business on March 1, 2021. CEO Michael Sacks highlighted the firm's strong free cash flow generation, emphasizing its ability to return capital to shareholders, enhancing the company's appeal in the market.

GCM Grosvenor (Nasdaq: GCMG) reported third-quarter results for the period ending September 30, 2020. Key figures include:

• Fee-Paying Assets Under Management (FPAUM) rose 1% to $49.9 billion.
• Contracted Not Yet FPAUM grew 19% to $6.6 billion.
• Total Assets Under Management increased 3% to $58.6 billion.
• Net Fees increased 13% to $85.2 million.
• GAAP Net Income decreased 78% to $1.3 million; adjusted pre-tax income rose 38% to $27.3 million.
• Management plans to increase the annual dividend to 24 cents per share.