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

GCM Grosvenor Inc. (NASDAQ:GCMG) shares hit 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 trading hands. The stock had previously closed at $12.91.

Analyst Ratings Changes

GCMG has been the subject of several research reports. TD Cowen boosted their price objective on shares of GCM Grosvenor from $13.50 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Wall Street Zen downgraded GCM Grosvenor from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of GCM Grosvenor in a research note on Friday, April 10th. Oppenheimer raised their price objective on GCM Grosvenor from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, Piper Sandler reduced their price objective 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. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.00.

GCM Grosvenor Stock Up 4.5%

The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 29.93 and a beta of 0.83. The firm has a 50-day moving average of $11.27 and a 200 day moving average of $11.10. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 2.97.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate 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%. On average, sell-side analysts anticipate that GCM Grosvenor Inc. will post 0.66 earnings per share for the current year.

GCM Grosvenor Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, June 5th. GCM Grosvenor’s dividend payout ratio (DPR) is presently 106.67%.

Institutional Investors Weigh In On GCM Grosvenor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GCMG. Royal Bank of Canada boosted its position 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 buying an additional 71,497 shares during the last quarter. AQR Capital Management LLC increased its position in shares of GCM Grosvenor by 81.6% during the first quarter. AQR Capital Management LLC now owns 29,403 shares of the company’s stock worth $389,000 after acquiring an additional 13,214 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 acquiring an additional 1,412 shares during the last quarter. Millennium Management LLC increased its position in shares of GCM Grosvenor by 88.9% during the first quarter. Millennium Management LLC now owns 577,977 shares of the company’s stock worth $7,647,000 after acquiring an additional 271,989 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of GCM Grosvenor by 200.5% in the second quarter. JPMorgan Chase & Co. now owns 285,477 shares of the company’s stock worth $3,300,000 after acquiring an additional 190,486 shares in the last quarter. 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.