24,040 Shares in GCM Grosvenor Inc. (NASDAQ:GCMG) Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. acquired a new stake in GCM Grosvenor Inc. (NASDAQ:GCMG) in the fourth quarter, Holdings Channel.com reports. The firm acquired 24,040 shares of the company’s stock, valued at approximately $295,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of GCM Grosvenor during the 4th quarter valued at about $57,000. Quantbot Technologies LP lifted its position in GCM Grosvenor by 1,474.0% during the fourth quarter. Quantbot Technologies LP now owns 9,334 shares of the company’s stock valued at $115,000 after purchasing an additional 8,741 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in GCM Grosvenor in the 4th quarter worth approximately $127,000. Truist Financial Corp bought a new position in shares of GCM Grosvenor in the 4th quarter worth $157,000. Finally, Longboard Asset Management LP purchased a new stake in shares of GCM Grosvenor during the 4th quarter valued at $166,000. Institutional investors own 99.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of GCM Grosvenor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Piper Sandler reduced their price target on GCM Grosvenor from $16.00 to $14.50 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, GCM Grosvenor currently has a consensus rating of “Hold” and a consensus target price of $14.20.

GCM Grosvenor Stock Performance

GCMG opened at $12.66 on Wednesday. The stock has a market capitalization of $2.39 billion, a PE ratio of 422.00 and a beta of 0.74. The stock’s 50 day moving average price is $12.83 and its 200-day moving average price is $12.72. GCM Grosvenor Inc. has a 52-week low of $9.25 and a 52-week high of $14.48.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). GCM Grosvenor had a net margin of 3.64% and a negative return on equity of 101.23%. Research analysts forecast that GCM Grosvenor Inc. will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.48%. GCM Grosvenor’s dividend payout ratio (DPR) is 1,466.67%.

GCM Grosvenor 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.