GCM Grosvenor (NASDAQ:GCMG) Sets New 1-Year Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

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

GCM Grosvenor Stock Performance

The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 3.36. The firm’s fifty day moving average is $11.09 and its 200 day moving average is $11.47. The company has a market cap of $1.94 billion, a PE ratio of 25.78 and a beta of 0.80.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. GCM Grosvenor had a net margin of 8.14% and a return on equity of 2,505.59%. The business had revenue of $177.10 million for the quarter, compared to the consensus estimate of $160.20 million. As a group, research analysts predict that GCM Grosvenor Inc. will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 5.0%. GCM Grosvenor’s dividend payout ratio (DPR) is currently 129.73%.

Institutional Investors Weigh In On GCM Grosvenor

Several large investors have recently bought and sold shares of the company. Cornerstone Investment Partners LLC raised its holdings in shares of GCM Grosvenor by 2.3% during the third quarter. Cornerstone Investment Partners LLC now owns 39,645 shares of the company’s stock valued at $479,000 after acquiring an additional 876 shares during 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 worth $339,000 after purchasing an additional 1,412 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of GCM Grosvenor by 44.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock worth $52,000 after purchasing an additional 1,417 shares in the last quarter. Taylor Frigon Capital Management LLC raised its stake in GCM Grosvenor by 1.0% in the 4th quarter. Taylor Frigon Capital Management LLC now owns 154,837 shares of the company’s stock valued at $1,753,000 after purchasing an additional 1,573 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in GCM Grosvenor by 65.5% in the 3rd 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 during the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

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.