The Manufacturers Life Insurance Company Grows Position in GCM Grosvenor Inc. $GCMG

The Manufacturers Life Insurance Company increased its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 18.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 280,406 shares of the company’s stock after acquiring an additional 44,316 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.14% of GCM Grosvenor worth $2,748,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co boosted its holdings 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 purchasing an additional 1,417 shares during the last quarter. National Bank of Canada FI increased its holdings 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 purchasing an additional 1,743 shares during the last quarter. Tower Research Capital LLC TRC lifted 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 buying an additional 4,362 shares in the last quarter. Quarry LP bought a new position in GCM Grosvenor during the third quarter valued at approximately $71,000. Finally, CWM LLC grew its holdings in GCM Grosvenor by 104.8% during the 4th quarter. CWM LLC now owns 8,601 shares of the company’s stock valued at $97,000 after buying an additional 4,402 shares in the last quarter. 99.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GCMG shares. Oppenheimer decreased their price objective on GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. TD Cowen lifted 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. Piper Sandler lifted their price objective on shares of GCM Grosvenor from $13.00 to $15.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Wall Street Zen cut GCM Grosvenor from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings upgraded shares of GCM Grosvenor from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $15.33.

GCM Grosvenor Price Performance

Shares of GCMG opened at $13.58 on Friday. The company has a 50 day moving average price of $12.36 and a 200-day moving average price of $11.36. GCM Grosvenor Inc. has a fifty-two week low of $9.30 and a fifty-two week high of $14.38. The stock has a market capitalization of $2.74 billion, a PE ratio of 30.18 and a beta of 0.84. The company has a debt-to-equity ratio of 2.97, a quick ratio of 4.05 and a current ratio of 4.05.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $124.78 million for the quarter, compared to the consensus estimate of $130.13 million. GCM Grosvenor had a net margin of 9.05% and a return on equity of 222.78%. Equities analysts predict that GCM Grosvenor Inc. will post 0.66 earnings per share for the current fiscal year.

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.