Grosvenor Capital Management (NASDAQ:GCMG – Get Rating) received a $10.50 target price from analysts at Credit Suisse Group in a note issued to investors on Wednesday, Stock Target Advisor reports. Credit Suisse Group’s price objective points to a potential upside of 18.78% from the company’s previous close.
Separately, Bank of America began coverage on Grosvenor Capital Management in a research report on Wednesday, September 7th. They issued a “neutral” rating and a $10.00 target price for the company.
Grosvenor Capital Management Stock Up 0.5 %
Grosvenor Capital Management stock traded up $0.04 during trading hours on Wednesday, hitting $8.84. The stock had a trading volume of 75,525 shares, compared to its average volume of 289,183. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 3.29 and a beta of 0.36. Grosvenor Capital Management has a one year low of $6.26 and a one year high of $11.79. The business’s 50 day simple moving average is $8.05 and its 200-day simple moving average is $7.83.
Institutional Investors Weigh In On Grosvenor Capital Management
An institutional investor recently bought a new position in Grosvenor Capital Management stock. Amalgamated Bank bought a new position in shares of Grosvenor Capital Management, L.P. (NASDAQ:GCMG – Get Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,034 shares of the company’s stock, valued at approximately $68,000. Institutional investors own 23.00% of the company’s stock.
Grosvenor Capital Management Company Profile
GCM Grosvenor, Inc provides global alternative asset management solutions. The firm invests on behalf of clients who seek allocations to alternative investments, such as private equity, infrastructure, real estate, credit, and absolute return strategies. It specializes in developing customized portfolios for clients who want an active role in the development of their alternatives programs and also offers multi-client portfolios for investors who desire a turn-key solution for accessing alternative investments.
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