09:39 AM EDT, 05/07/2024 (MT Newswires) -- GCM Grosvenor ( GCMG ) shares were down more than 1% in recent Tuesday trading after the company's Q1 operating revenue fell short of Capital IQ analysts' estimates.

The company reported Q1 adjusted net income of $0.14 per diluted share, up from $0.10 a year earlier. Analysts polled by Capital IQ expected $0.14.

Operating revenue for the quarter ended March 31 was $108.9 million, compared with $99.1 million a year earlier. Analysts expected $113.4 million.

The company said it maintained its quarterly dividend at $0.11 per share, payable June 17 to shareholders of record as of June 3.

Price: 9.65, Change: -0.13, Percent Change: -1.33