GCM Grosvenor (NASDAQ:GCMG) Trading Down 0.1% – Should You Sell?

GCM Grosvenor Inc. (NASDAQ:GCMG)’s share price fell 0.1% on Wednesday . The stock traded as low as $12.10 and last traded at $12.26. 494,822 shares traded hands during mid-day trading, an increase of 7% from the average daily volume of 460,543 shares. The stock had previously closed at $12.27.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of GCM Grosvenor in a research report on Friday, April 10th. Wall Street Zen cut GCM Grosvenor from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Piper Sandler reduced their price target on GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Oppenheimer raised their price objective on GCM Grosvenor from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, TD Cowen lifted their price objective on GCM Grosvenor from $13.50 to $14.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.00.

GCM Grosvenor Price Performance

The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 2.97. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 27.24 and a beta of 0.85. The business’s 50 day simple moving average is $11.03 and its 200-day simple moving average is $11.04.

GCM Grosvenor (NASDAQ:GCMG) last issued its earnings results on Thursday, May 7th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. GCM Grosvenor had a net margin of 9.05% and a return on equity of 222.78%. The company had revenue of $124.78 million during the quarter, compared to analysts’ expectations of $130.13 million. On average, research analysts forecast that GCM Grosvenor Inc. will post 0.66 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, June 5th. GCM Grosvenor’s payout ratio is currently 106.67%.

Institutional Investors Weigh In On GCM Grosvenor

A number of large investors have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in shares of GCM Grosvenor by 942.2% during the 1st quarter. Royal Bank of Canada now owns 79,085 shares of the company’s stock worth $1,046,000 after buying an additional 71,497 shares in the last quarter. AQR Capital Management LLC boosted its stake in GCM Grosvenor by 81.6% in the first quarter. AQR Capital Management LLC now owns 29,403 shares of the company’s stock valued at $389,000 after buying an additional 13,214 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in GCM Grosvenor by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company’s stock valued at $339,000 after buying an additional 1,412 shares in the last quarter. Millennium Management LLC grew its position in GCM Grosvenor by 88.9% in the first quarter. Millennium Management LLC now owns 577,977 shares of the company’s stock valued at $7,647,000 after acquiring an additional 271,989 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in GCM Grosvenor by 200.5% during the second quarter. JPMorgan Chase & Co. now owns 285,477 shares of the company’s stock worth $3,300,000 after acquiring an additional 190,486 shares in the last quarter. 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.