GCM Grosvenor Q4 Adjusted Net Income, Revenue Increase

MT Newswires Live
02-10

GCM Grosvenor (GCMG) reported Q4 adjusted net income Monday of $0.27 per diluted share, up from $0.17 a year earlier.

Analysts polled by FactSet expected $0.23.

Total operating revenue for the quarter ended Dec. 31 was $165.3 million, up from $116.6 million a year earlier.

Analysts surveyed by FactSet expected $161.1 million.

The asset management firm also said it maintained a quarterly dividend of $0.11 per share, payable March 17 to shareholders of record as of March 3.

Shares of the conpany were up more than 3% in Monday's premarket activity.

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