GCM Grosvenor (NASDAQ:GCMG) Reaches New 12-Month Low – What’s Next?

GCM Grosvenor Inc. (NASDAQ:GCMG)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $9.86 and last traded at $9.90, with a volume of 793954 shares traded. The stock had previously closed at $9.89.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Oppenheimer set a $23.00 price target on shares of GCM Grosvenor and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings downgraded shares of GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, GCM Grosvenor presently has an average rating of “Moderate Buy” and an average target price of $17.00.

GCM Grosvenor Price Performance

The company has a debt-to-equity ratio of 112.30, a current ratio of 2.76 and a quick ratio of 2.76. The company has a 50 day moving average price of $11.32 and a 200 day moving average price of $11.80. The firm has a market cap of $1.92 billion, a PE ratio of 35.36 and a beta of 0.80.

Insider Activity at GCM Grosvenor

In other news, CFO Pamela L. Bentley sold 40,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $11.61, for a total value of $464,400.00. Following the completion of the sale, the chief financial officer owned 43,309 shares in the company, valued at approximately $502,817.49. This trade represents a 48.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 77.30% of the company’s stock.

Institutional Investors Weigh In On GCM Grosvenor

A number of hedge funds have recently added to or reduced their stakes in GCMG. Geode Capital Management LLC boosted its holdings in GCM Grosvenor by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 1,240,140 shares of the company’s stock valued at $14,042,000 after purchasing an additional 44,873 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of GCM Grosvenor in the 4th quarter valued at approximately $194,000. MQS Management LLC boosted its stake in shares of GCM Grosvenor by 162.9% in the fourth quarter. MQS Management LLC now owns 31,903 shares of the company’s stock valued at $361,000 after buying an additional 19,766 shares in the last quarter. North Star Investment Management Corp. grew its holdings in GCM Grosvenor by 123.0% during the fourth quarter. North Star Investment Management Corp. now owns 210,518 shares of the company’s stock worth $2,383,000 after acquiring an additional 116,118 shares during the period. Finally, Jennison Associates LLC acquired a new position in GCM Grosvenor during the fourth quarter worth $964,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.