GCM Grosvenor (NASDAQ:GCMG) Stock Price Down 0.1% – Here’s Why

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

Wall Street Analysts Forecast Growth

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

GCM Grosvenor Price Performance

The stock has a market capitalization of $2.49 billion, a PE ratio of 27.42 and a beta of 0.85. 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’s 50-day moving average is $11.07 and its 200 day moving average is $11.05.

GCM Grosvenor (NASDAQ:GCMG) last released its earnings results on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $124.78 million during 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%. As a group, equities analysts predict 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. Investors of record on Friday, June 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, June 5th. GCM Grosvenor’s dividend payout ratio (DPR) is currently 106.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised 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 worth $52,000 after purchasing an additional 1,417 shares in the last quarter. National Bank of Canada FI grew its stake in shares of 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 buying an additional 1,743 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of GCM Grosvenor by 308.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock valued at $67,000 after buying an additional 4,362 shares in the last quarter. Quarry LP acquired a new position in GCM Grosvenor in the third quarter worth approximately $71,000. Finally, CWM LLC increased its holdings in GCM Grosvenor by 104.8% in the fourth quarter. CWM LLC now owns 8,601 shares of the company’s stock worth $97,000 after buying an additional 4,402 shares during the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

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.