GCM Grosvenor (NASDAQ:GCMG) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of GCM Grosvenor (NASDAQ:GCMG) from a buy rating to a hold rating in a research report report published on Saturday.

Other analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of GCM Grosvenor in a research report on Friday, April 10th. Oppenheimer cut their price objective on GCM Grosvenor from $24.00 to $17.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Finally, Piper Sandler reduced their target price on GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, GCM Grosvenor currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

GCM Grosvenor Trading Up 0.2%

Shares of GCMG stock opened at $10.94 on Friday. The stock has a market cap of $2.22 billion, a P/E ratio of 29.57 and a beta of 0.88. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 3.36. GCM Grosvenor has a fifty-two week low of $9.30 and a fifty-two week high of $13.22. The business has a fifty day simple moving average of $10.60 and a 200-day simple moving average of $11.10.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.31 EPS for the quarter, topping 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 analyst estimates of $160.20 million. On average, analysts forecast that GCM Grosvenor will post 0.71 earnings per share for the current fiscal year.

GCM Grosvenor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, March 2nd. GCM Grosvenor’s payout ratio is presently 129.73%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cornerstone Investment Partners LLC boosted 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 worth $479,000 after purchasing an additional 876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 buying an additional 1,412 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in GCM Grosvenor by 44.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock worth $52,000 after buying an additional 1,417 shares during the last quarter. Taylor Frigon Capital Management LLC grew its holdings 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 buying an additional 1,573 shares during the period. Finally, National Bank of Canada FI grew its holdings 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 buying an additional 1,743 shares during the period. Hedge funds and other institutional investors own 99.95% of the company’s stock.

About GCM Grosvenor

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.