GCM Grosvenor (NASDAQ:GCMG) Sets New 1-Year High – Should You Buy?

GCM Grosvenor Inc. (NASDAQ:GCMG)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $12.44 and last traded at $12.43, with a volume of 355497 shares traded. The stock had previously closed at $12.06.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GCMG shares. JPMorgan Chase & Co. lowered their target price on GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. UBS Group raised their price objective on GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Piper Sandler raised their price objective on GCM Grosvenor from $10.50 to $11.50 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Oppenheimer raised their price objective on GCM Grosvenor from $14.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, TD Cowen lowered GCM Grosvenor from a “buy” rating to a “hold” rating and decreased their target price for the stock from $13.50 to $12.50 in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.80.

GCM Grosvenor Trading Up 3.1 %

The company has a market cap of $2.35 billion, a price-to-earnings ratio of -201.00 and a beta of 0.54. The firm has a 50-day moving average price of $11.49 and a 200 day moving average price of $10.69.

GCM Grosvenor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, December 2nd. GCM Grosvenor’s dividend payout ratio (DPR) is -733.33%.

Insider Buying and Selling

In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 5,000 shares of GCM Grosvenor stock in a transaction on Monday, September 9th. The stock was sold at an average price of $10.73, for a total transaction of $53,650.00. Following the sale, the insider now owns 47,307 shares of the company’s stock, valued at $507,604.11. The trade was a 9.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 77.30% of the company’s stock.

Institutional Trading of GCM Grosvenor

A number of hedge funds and other institutional investors have recently modified their holdings of GCMG. Copeland Capital Management LLC bought a new stake in shares of GCM Grosvenor in the 3rd quarter worth $58,000. LRI Investments LLC acquired a new position in shares of GCM Grosvenor in the 1st quarter worth $95,000. Price T Rowe Associates Inc. MD grew its holdings in shares of GCM Grosvenor by 23.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,461 shares of the company’s stock worth $121,000 after acquiring an additional 2,341 shares during the last quarter. Quadrature Capital Ltd grew its holdings in shares of GCM Grosvenor by 10.5% in the 1st quarter. Quadrature Capital Ltd now owns 14,401 shares of the company’s stock worth $139,000 after acquiring an additional 1,364 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of GCM Grosvenor in the 2nd quarter worth $157,000. Institutional investors 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.