GCM Grosvenor (NASDAQ:GCMG) Price Target Lowered to $17.00 at Oppenheimer

GCM Grosvenor (NASDAQ:GCMG) had its target price lowered by Oppenheimer from $24.00 to $17.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on GCMG. Weiss Ratings restated a “hold (c+)” rating on shares of GCM Grosvenor in a report on Friday. Piper Sandler decreased their price target on GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, GCM Grosvenor presently has an average rating of “Moderate Buy” and an average price target of $15.00.

GCM Grosvenor Stock Up 3.3%

NASDAQ GCMG opened at $10.04 on Monday. The stock has a market cap of $2.03 billion, a PE ratio of 27.14 and a beta of 0.88. GCM Grosvenor has a fifty-two week low of $9.30 and a fifty-two week high of $13.22. The business has a 50 day moving average price of $10.67 and a two-hundred day moving average price of $11.19. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 3.36.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $160.20 million. GCM Grosvenor had a return on equity of 2,505.59% and a net margin of 8.14%. As a group, sell-side analysts predict that GCM Grosvenor will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, March 2nd. GCM Grosvenor’s dividend payout ratio is 129.73%.

Institutional Investors Weigh In On GCM Grosvenor

Several institutional investors and hedge funds have recently made changes to their positions in GCMG. CWM LLC raised its position in shares of GCM Grosvenor by 83.6% during the 3rd quarter. CWM LLC now owns 4,199 shares of the company’s stock valued at $51,000 after acquiring an additional 1,912 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of 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 acquiring an additional 1,417 shares in the last quarter. National Bank of Canada FI raised its position in shares of GCM Grosvenor by 65.5% during the 3rd quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock valued at $53,000 after acquiring an additional 1,743 shares in the last quarter. Tower Research Capital LLC TRC raised its position 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 valued at $67,000 after acquiring an additional 4,362 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of GCM Grosvenor during the 3rd quarter valued at approximately $71,000. 99.95% of the stock is owned by institutional investors and hedge funds.

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.