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

GCM Grosvenor Inc. (NASDAQ:GCMG) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $9.45 and last traded at $9.47, with a volume of 6844 shares changing hands. The stock had previously closed at $9.65.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Oppenheimer reaffirmed an “outperform” rating and set a $24.00 price target on shares of GCM Grosvenor in a research report on Wednesday, February 11th. Weiss Ratings lowered GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.00.

GCM Grosvenor Stock Performance

The firm’s 50 day simple moving average is $11.09 and its 200 day simple moving average is $11.47. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 25.78 and a beta of 0.80. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.72 and a current ratio of 1.72.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $177.10 million for the quarter, compared to analyst estimates of $160.20 million. GCM Grosvenor had a net margin of 8.14% and a return on equity of 2,505.59%. Sell-side analysts forecast that GCM Grosvenor Inc. will post 0.64 earnings per share for the current fiscal year.

GCM Grosvenor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Monday, March 2nd. GCM Grosvenor’s dividend payout ratio (DPR) is currently 129.73%.

Hedge Funds Weigh In On GCM Grosvenor

Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its holdings in GCM Grosvenor by 83.6% during the third quarter. CWM LLC now owns 4,199 shares of the company’s stock worth $51,000 after acquiring an additional 1,912 shares during the period. National Bank of Canada FI boosted its position in GCM Grosvenor by 65.5% in the 3rd 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. CANADA LIFE ASSURANCE Co boosted its position in GCM Grosvenor by 44.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock worth $52,000 after purchasing an additional 1,417 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of GCM Grosvenor by 308.5% during 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 during the period. Finally, Quarry LP acquired a new stake in shares of GCM Grosvenor during the 3rd quarter worth approximately $71,000. 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.