GCM Grosvenor (NASDAQ:GCMG) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded GCM Grosvenor from “hold” to “buy.” The stock has a “Moderate Buy” consensus rating from analysts, with an average price target of $15.00.
• GCM Grosvenor reported quarterly EPS of $0.19, exceeding the $0.18 consensus estimate, while revenue of $134.34 million also topped expectations of $131.21 million.
• Shares opened at $13.72, near their 52-week high of $14.87, and institutional investors own approximately 99.95% of the company’s outstanding stock.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Other equities research analysts also recently issued research reports about the company. TD Cowen raised their price target on GCM Grosvenor from $13.50 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upped their price objective on GCM Grosvenor from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Piper Sandler increased their price objective on GCM Grosvenor from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. Weiss Ratings raised GCM Grosvenor from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 13th. Finally, Oppenheimer dropped their target price on GCM Grosvenor from $18.00 to $17.00 and set an "outperform" rating for the company in a research report on Friday, July 17th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $15.00.

GCM Grosvenor Price Performance

Shares of NASDAQ:GCMG opened at $13.72 on Friday. The company's fifty day moving average price is $13.13 and its 200-day moving average price is $11.63. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 26.39 and a beta of 0.84. GCM Grosvenor has a one year low of $9.30 and a one year high of $14.87.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. The company had revenue of $134.34 million during the quarter, compared to the consensus estimate of $131.21 million. On average, equities research analysts anticipate that GCM Grosvenor will post 0.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GCM Grosvenor

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in GCM Grosvenor by 17.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 823,520 shares of the company's stock worth $8,070,000 after purchasing an additional 122,110 shares during the period. North Star Investment Management Corp. boosted its stake in shares of GCM Grosvenor by 41.3% during the first quarter. North Star Investment Management Corp. now owns 297,518 shares of the company's stock valued at $2,916,000 after purchasing an additional 87,000 shares during the period. Jennison Associates LLC purchased a new stake in shares of GCM Grosvenor during the fourth quarter valued at approximately $964,000. Globeflex Capital L P bought a new position in shares of GCM Grosvenor in the first quarter worth approximately $1,198,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of GCM Grosvenor by 18.8% in the first quarter. The Manufacturers Life Insurance Company now owns 280,406 shares of the company's stock worth $2,748,000 after purchasing an additional 44,316 shares during the last quarter. 99.95% of the stock is currently owned by hedge funds and other 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.

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