GCM Grosvenor (NASDAQ:GCMG) Sets New 52-Week Low – Here’s What Happened

Shares of GCM Grosvenor Inc. (NASDAQ:GCMG) hit a new 52-week low during trading on Wednesday . The stock traded as low as $10.22 and last traded at $10.5110, with a volume of 126647 shares changing hands. The stock had previously closed at $10.59.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Oppenheimer set a $23.00 price target on shares of GCM Grosvenor and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Wall Street Zen raised GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Weiss Ratings lowered GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Piper Sandler lowered their target price on GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $17.00.

GCM Grosvenor Price Performance

The business has a 50-day moving average price of $11.39 and a two-hundred day moving average price of $11.85. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 112.30. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 37.62 and a beta of 0.80.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $134.97 million for the quarter, compared to the consensus estimate of $126.70 million. GCM Grosvenor had a net margin of 6.23% and a negative return on equity of 246.80%. As a group, research analysts anticipate that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

Insiders Place Their Bets

In other GCM Grosvenor news, CFO Pamela L. Bentley sold 40,000 shares of GCM Grosvenor stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $464,400.00. Following the completion of the transaction, the chief financial officer owned 43,309 shares in the company, valued at approximately $502,817.49. The trade was a 48.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 77.30% of the company’s stock.

Institutional Investors Weigh In On GCM Grosvenor

Institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its holdings in GCM Grosvenor by 83.6% during the 3rd 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 lifted its position in shares of GCM Grosvenor by 65.5% during 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 in the last quarter. Tower Research Capital LLC TRC boosted its holdings in 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 last quarter. Quarry LP purchased a new stake in GCM Grosvenor in the 3rd quarter valued at about $71,000. Finally, Legal & General Group Plc boosted its stake in shares of GCM Grosvenor by 96.8% in the 2nd quarter. Legal & General Group Plc now owns 8,638 shares of the company’s stock worth $100,000 after buying an additional 4,249 shares during the last quarter. 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.