GCM Grosvenor (NASDAQ:GCMG) Stock Price Down 0.1% – Time to Sell?

GCM Grosvenor Inc. (NASDAQ:GCMG) shares were down 0.1% on Wednesday . The company traded as low as $12.10 and last traded at $12.26. Approximately 494,822 shares traded hands during mid-day trading, an increase of 7% from the average daily volume of 460,543 shares. The stock had previously closed at $12.27.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of GCM Grosvenor in a research report on Friday, April 10th. Wall Street Zen cut shares of GCM Grosvenor from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Piper Sandler lowered their price target on shares of GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Oppenheimer increased their price target on GCM Grosvenor from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, TD Cowen raised their price objective on GCM Grosvenor from $13.50 to $14.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

GCM Grosvenor Stock Down 0.1%

The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 27.24 and a beta of 0.85. 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 stock has a fifty day moving average of $11.03 and a two-hundred day moving average of $11.04.

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

GCM Grosvenor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, June 5th. GCM Grosvenor’s dividend payout ratio (DPR) is 106.67%.

Institutional Trading of GCM Grosvenor

Institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co increased its position in GCM Grosvenor by 44.9% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock valued at $52,000 after purchasing an additional 1,417 shares during the period. National Bank of Canada FI lifted its position in shares of GCM Grosvenor by 65.5% in the 3rd quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock worth $53,000 after purchasing an additional 1,743 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of 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 bought a new stake in shares of GCM Grosvenor in the 3rd quarter valued at $71,000. Finally, CWM LLC boosted its stake in shares of GCM Grosvenor by 104.8% in the 4th quarter. CWM LLC now owns 8,601 shares of the company’s stock valued at $97,000 after purchasing an additional 4,402 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors.

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.