GCM Grosvenor (NASDAQ:GCMG) Reaches New 1-Year Low – Here’s Why

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GCMG. Weiss Ratings cut shares of GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Oppenheimer reaffirmed an “outperform” rating and set a $24.00 target price on shares of GCM Grosvenor in a report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

GCM Grosvenor Price Performance

The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market capitalization of $1.91 billion, a P/E ratio of 25.54 and a beta of 0.80. The business has a fifty day moving average of $11.05 and a 200-day moving average of $11.44.

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

GCM Grosvenor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Monday, March 2nd. GCM Grosvenor’s payout ratio is currently 129.73%.

Hedge Funds Weigh In On GCM Grosvenor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. increased its stake in GCM Grosvenor by 14.4% during the 4th quarter. Invesco Ltd. now owns 98,371 shares of the company’s stock valued at $1,114,000 after buying an additional 12,391 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of GCM Grosvenor by 12.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 17,518 shares of the company’s stock worth $198,000 after acquiring an additional 1,926 shares during the period. XTX Topco Ltd boosted its holdings in shares of GCM Grosvenor by 280.1% in the fourth quarter. XTX Topco Ltd now owns 79,363 shares of the company’s stock valued at $898,000 after acquiring an additional 58,484 shares in the last quarter. Numerai GP LLC increased its stake in shares of GCM Grosvenor by 361.7% during the fourth quarter. Numerai GP LLC now owns 64,811 shares of the company’s stock valued at $734,000 after acquiring an additional 50,775 shares during the period. Finally, Engineers Gate Manager LP increased its stake in shares of GCM Grosvenor by 7.9% during the fourth quarter. Engineers Gate Manager LP now owns 126,013 shares of the company’s stock valued at $1,426,000 after acquiring an additional 9,198 shares during the period. Institutional investors 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.