GCM Grosvenor (NASDAQ:GCMG) Reaches New 1-Year Low – Should You Sell?

GCM Grosvenor Inc. (NASDAQ:GCMG)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $9.86 and last traded at $9.86, with a volume of 113651 shares trading hands. The stock had previously closed at $10.07.

Analyst Upgrades and Downgrades

GCMG has been the subject of several research analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $24.00 price target on shares of GCM Grosvenor in a research note on Wednesday, February 11th. Weiss Ratings downgraded shares of GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, GCM Grosvenor currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

GCM Grosvenor Stock Performance

The company has a 50 day simple moving average of $11.28 and a 200-day simple moving average of $11.57. The stock has a market capitalization of $1.99 billion, a P/E ratio of 26.55 and a beta of 0.80. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.72 and a quick ratio of 1.72.

GCM Grosvenor (NASDAQ:GCMG) last posted its earnings results on Tuesday, February 10th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. GCM Grosvenor had a net margin of 8.14% and a return on equity of 2,505.59%. The firm had revenue of $177.10 million during the quarter, compared to the consensus estimate of $160.20 million. On average, equities analysts forecast that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

GCM Grosvenor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.9%. GCM Grosvenor’s dividend payout ratio is presently 129.73%.

Institutional Investors Weigh In On GCM Grosvenor

A number of institutional investors have recently made changes to their positions in the company. CWM LLC lifted its position in GCM Grosvenor by 83.6% during the third quarter. CWM LLC now owns 4,199 shares of the company’s stock valued at $51,000 after purchasing an additional 1,912 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in GCM Grosvenor by 44.9% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock valued at $52,000 after buying an additional 1,417 shares in the last quarter. National Bank of Canada FI grew its stake in GCM Grosvenor by 65.5% in the third quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock worth $53,000 after purchasing an additional 1,743 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of GCM Grosvenor by 308.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock worth $67,000 after purchasing an additional 4,362 shares in the last quarter. Finally, Quarry LP acquired a new stake in GCM Grosvenor in the 3rd quarter worth about $71,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Company Profile

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.