GCM Grosvenor (NASDAQ:GCMG) Reaches New 12-Month Low – Here’s Why

Shares of GCM Grosvenor Inc. (NASDAQ:GCMG) hit a new 52-week low during trading on Friday . The company 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.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GCMG shares. Oppenheimer restated an “outperform” rating and set a $24.00 price objective 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

GCM Grosvenor Trading Down 3.8%

The business has a 50 day moving average of $11.24 and a two-hundred day moving average of $11.54. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 3.36. The firm has a market cap of $1.96 billion, a P/E ratio of 26.19 and a beta of 0.80.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $160.20 million. Analysts predict that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. 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 worth $51,000 after acquiring an additional 1,912 shares during the last quarter. National Bank of Canada FI grew its position in shares of GCM Grosvenor by 65.5% in the third quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock valued at $53,000 after purchasing an additional 1,743 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of GCM Grosvenor by 44.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock valued at $52,000 after purchasing an additional 1,417 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of GCM Grosvenor by 308.5% during the second 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 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.