GCM Grosvenor (NASDAQ:GCMG) Hits New 1-Year High – Time to Buy?

GCM Grosvenor Inc. (NASDAQ:GCMG) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $13.27 and last traded at $13.3240, with a volume of 32011 shares. The stock had previously closed at $12.91.

Analyst Ratings Changes

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

GCM Grosvenor Price Performance

The company’s 50 day simple moving average is $11.27 and its 200 day simple moving average is $11.10. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 2.97. The stock has a market capitalization of $2.73 billion, a PE ratio of 29.93 and a beta of 0.83.

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

GCM Grosvenor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were given a dividend of $0.12 per share. The ex-dividend date was Friday, June 5th. This represents a $0.48 annualized dividend and a yield of 3.6%. GCM Grosvenor’s dividend payout ratio is 106.67%.

Institutional Trading of GCM Grosvenor

A number of hedge funds have recently added to or reduced their stakes in GCMG. CANADA LIFE ASSURANCE Co increased its stake 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 during the last quarter. National Bank of Canada FI boosted its position in shares of GCM Grosvenor by 65.5% in the third quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock worth $53,000 after acquiring an additional 1,743 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of GCM Grosvenor by 308.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock worth $67,000 after acquiring an additional 4,362 shares during the last quarter. Quarry LP acquired a new stake in shares of GCM Grosvenor in the third quarter worth approximately $71,000. Finally, CWM LLC grew its holdings in GCM Grosvenor by 104.8% in the fourth quarter. CWM LLC now owns 8,601 shares of the company’s stock valued at $97,000 after purchasing an additional 4,402 shares during the period. 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.