GCM Grosvenor (NASDAQ:GCMG) Hits New 1-Year Low – Time to Sell?

GCM Grosvenor Inc. (NASDAQ:GCMG) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $10.22 and last traded at $10.5110, with a volume of 126647 shares changing hands. The stock had previously closed at $10.59.

Wall Street Analyst Weigh In

GCMG has been the topic of a number of recent analyst reports. Oppenheimer set a $23.00 target price on GCM Grosvenor and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Wall Street Zen raised shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Weiss Ratings downgraded shares of GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Piper Sandler lowered their price target on shares of GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, GCM Grosvenor has a consensus rating of “Moderate Buy” and an average price target of $17.00.

GCM Grosvenor Price Performance

The business’s 50 day moving average is $11.39 and its two-hundred day moving average is $11.85. The company has a debt-to-equity ratio of 112.30, a quick ratio of 2.76 and a current ratio of 2.76. The firm has a market capitalization of $2.05 billion, a PE ratio of 37.62 and a beta of 0.80.

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

Insider Transactions at GCM Grosvenor

In other news, CFO Pamela L. Bentley sold 40,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $11.61, for a total value of $464,400.00. Following the transaction, the chief financial officer owned 43,309 shares of the company’s stock, valued at approximately $502,817.49. This represents a 48.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 77.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC lifted its position in GCM Grosvenor by 83.6% during the third quarter. CWM LLC now owns 4,199 shares of the company’s stock valued at $51,000 after purchasing an additional 1,912 shares during the last quarter. National Bank of Canada FI grew its position in GCM Grosvenor by 65.5% during the third quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock valued at $53,000 after acquiring an additional 1,743 shares during the last quarter. Tower Research Capital LLC TRC raised its position in GCM Grosvenor by 308.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock worth $67,000 after purchasing an additional 4,362 shares during the period. Quarry LP purchased a new position in shares of GCM Grosvenor in the third quarter worth about $71,000. Finally, Legal & General Group Plc increased its stake in GCM Grosvenor by 96.8% in the 2nd quarter. Legal & General Group Plc now owns 8,638 shares of the company’s stock worth $100,000 after purchasing an additional 4,249 shares during the period. 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.