GCM Grosvenor (NASDAQ:GCMG) Reaches New 12-Month High – Still a Buy?

GCM Grosvenor Inc. (NASDAQ:GCMG)’s share price reached a new 52-week high on Monday . The company traded as high as $13.27 and last traded at $13.3240, with a volume of 32011 shares traded. The stock had previously closed at $12.91.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. TD Cowen boosted 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. Oppenheimer increased their price target on GCM Grosvenor from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Piper Sandler lowered their price objective on shares of GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Wall Street Zen cut shares of GCM Grosvenor from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of GCM Grosvenor in a research note on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, GCM Grosvenor has an average rating of “Moderate Buy” and an average target price of $15.00.

GCM Grosvenor Stock Down 1.8%

The company has a debt-to-equity ratio of 2.97, a current ratio of 4.05 and a quick ratio of 4.05. The firm’s 50-day moving average price is $11.38 and its 200 day moving average price is $11.12. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 29.69 and a beta of 0.83.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The firm had revenue of $124.78 million during the quarter, compared to analysts’ expectations of $130.13 million. GCM Grosvenor had a return on equity of 222.78% and a net margin of 9.05%. Sell-side analysts expect that GCM Grosvenor Inc. will post 0.66 EPS for the current year.

GCM Grosvenor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, June 5th. GCM Grosvenor’s payout ratio is currently 106.67%.

Institutional Trading of GCM Grosvenor

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in GCM Grosvenor by 942.2% in the 1st quarter. Royal Bank of Canada now owns 79,085 shares of the company’s stock valued at $1,046,000 after acquiring an additional 71,497 shares during the last quarter. AQR Capital Management LLC grew its position in shares of GCM Grosvenor by 81.6% in the first quarter. AQR Capital Management LLC now owns 29,403 shares of the company’s stock valued at $389,000 after purchasing an additional 13,214 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of GCM Grosvenor by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company’s stock valued at $339,000 after purchasing an additional 1,412 shares during the period. Millennium Management LLC increased its stake in GCM Grosvenor by 88.9% in the first quarter. Millennium Management LLC now owns 577,977 shares of the company’s stock valued at $7,647,000 after purchasing an additional 271,989 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in GCM Grosvenor by 200.5% in the second quarter. JPMorgan Chase & Co. now owns 285,477 shares of the company’s stock valued at $3,300,000 after purchasing an additional 190,486 shares during the last quarter. Institutional investors and hedge funds 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.