GCM Grosvenor (NASDAQ:GCMG) Hits New 52-Week Low – What’s Next?

GCM Grosvenor Inc. (NASDAQ:GCMG) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $9.86 and last traded at $9.90, with a volume of 793954 shares. The stock had previously closed at $9.89.

Analysts Set New Price Targets

Several equities analysts have commented on GCMG shares. Weiss Ratings downgraded shares of GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Wall Street Zen raised GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Oppenheimer restated an “outperform” rating and issued a $24.00 target price on shares of GCM Grosvenor in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, GCM Grosvenor presently has a consensus rating of “Moderate Buy” and an average target price of $17.33.

GCM Grosvenor Stock Down 1.5%

The firm has a 50-day moving average of $11.35 and a two-hundred day moving average of $11.79. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 30.51 and a beta of 0.80. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 112.30.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. GCM Grosvenor had a negative return on equity of 369.56% and a net margin of 8.14%.The company had revenue of $177.10 million for the quarter, compared to the consensus estimate of $160.20 million. As a group, sell-side analysts predict 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 will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 4.3%. GCM Grosvenor’s dividend payout ratio is 129.73%.

Insider Transactions at GCM Grosvenor

In other GCM Grosvenor news, CFO Pamela L. Bentley sold 40,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $11.61, for a total value of $464,400.00. Following the sale, the chief financial officer directly owned 43,309 shares in the company, valued at $502,817.49. This trade represents a 48.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 76.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GCM Grosvenor

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in GCM Grosvenor by 942.2% during the first quarter. Royal Bank of Canada now owns 79,085 shares of the company’s stock valued at $1,046,000 after acquiring an additional 71,497 shares during the period. AQR Capital Management LLC grew its holdings in shares of GCM Grosvenor by 81.6% during the 1st quarter. AQR Capital Management LLC now owns 29,403 shares of the company’s stock worth $389,000 after purchasing an additional 13,214 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of GCM Grosvenor by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company’s stock valued at $339,000 after purchasing an additional 1,412 shares during the period. Millennium Management LLC increased its position in shares of GCM Grosvenor by 88.9% during the first quarter. Millennium Management LLC now owns 577,977 shares of the company’s stock valued at $7,647,000 after purchasing an additional 271,989 shares during the period. Finally, R Squared Ltd raised its stake in shares of GCM Grosvenor by 122.8% in the second quarter. R Squared Ltd now owns 27,196 shares of the company’s stock valued at $314,000 after purchasing an additional 14,990 shares in the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

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.