GCM Grosvenor Stock Holds at $10.56 Ahead of Holiday Week
GCM Grosvenor shares closed at $10.56 Friday, down 0.85% for the day and 0.8% for the week, as U.S. markets headed into the Memorial Day holiday. First-quarter assets under management rose 12% to $91.5 billion, but operating revenue slipped to $124.8 million from $125.8 million a year earlier. The company approved a 12-cent quarterly dividend and repurchased $18.6 million in stock last quarter.