GCM Grosvenor (NASDAQ:GCMG) Sets New 12-Month Low – Time to Sell?

GCM Grosvenor Inc. (NASDAQ:GCMG) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $11.27 and last traded at $11.2350, with a volume of 358112 shares changing hands. The stock had previously closed at $11.50.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of GCM Grosvenor in a research note on Thursday, November 13th. Oppenheimer reissued an “outperform” rating on shares of GCM Grosvenor in a research report on Friday, August 8th. Finally, Piper Sandler lowered their target price on GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, GCM Grosvenor currently has a consensus rating of “Moderate Buy” and an average target price of $15.67.

GCM Grosvenor Price Performance

The company has a debt-to-equity ratio of 112.30, a current ratio of 2.76 and a quick ratio of 2.76. The business’s 50-day moving average price is $11.93 and its two-hundred day moving average price is $12.16. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 39.64 and a beta of 0.75.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. GCM Grosvenor had a net margin of 6.23% and a negative return on equity of 246.80%. The firm had revenue of $134.97 million for the quarter, compared to analysts’ expectations of $126.70 million. On average, research analysts forecast that GCM Grosvenor Inc. will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 1st. GCM Grosvenor’s dividend payout ratio (DPR) is presently 171.43%.

Institutional Trading of GCM Grosvenor

Institutional investors and hedge funds have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of GCM Grosvenor in the 2nd quarter valued at approximately $43,384,000. UBS Group AG lifted its stake in GCM Grosvenor by 438.3% during the third quarter. UBS Group AG now owns 1,833,941 shares of the company’s stock worth $22,136,000 after purchasing an additional 1,493,250 shares during the last quarter. Marshall Wace LLP boosted its holdings in GCM Grosvenor by 2,502.0% in the second quarter. Marshall Wace LLP now owns 1,006,541 shares of the company’s stock worth $11,636,000 after purchasing an additional 967,857 shares during the period. Millennium Management LLC increased its stake in GCM Grosvenor by 231.0% during the third quarter. Millennium Management LLC now owns 1,290,222 shares of the company’s stock valued at $15,573,000 after purchasing an additional 900,458 shares during the last quarter. Finally, Nuveen LLC bought a new stake in GCM Grosvenor during the first quarter valued at $10,312,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

GCM Grosvenor Company Profile

GCM Grosvenor Inc is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities.