GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in GCM Grosvenor Inc. (NASDAQ:GCMG) by 231.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,413 shares of the company’s stock after buying an additional 101,573 shares during the period. Dimensional Fund Advisors LP’s holdings in GCM Grosvenor were worth $1,785,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd purchased a new position in GCM Grosvenor during the 4th quarter valued at about $57,000. Quantbot Technologies LP grew its holdings 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 acquired a new position in shares of GCM Grosvenor during the 4th quarter worth about $127,000. Truist Financial Corp bought a new position in GCM Grosvenor during the fourth quarter worth $157,000. Finally, Longboard Asset Management LP bought a new stake in shares of GCM Grosvenor in the 4th quarter worth approximately $166,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GCMG. UBS Group increased their target price on GCM Grosvenor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Oppenheimer raised their price objective on shares of GCM Grosvenor from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, May 9th. Finally, Piper Sandler decreased their price objective on shares of GCM Grosvenor from $16.00 to $14.50 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.60.

GCM Grosvenor Price Performance

GCMG stock opened at $12.51 on Thursday. The business has a 50-day moving average of $12.72 and a 200-day moving average of $12.75. GCM Grosvenor Inc. has a fifty-two week low of $9.25 and a fifty-two week high of $14.48. The stock has a market capitalization of $2.37 billion, a P/E ratio of 417.00 and a beta of 0.74.

GCM Grosvenor (NASDAQ:GCMG) last announced 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 negative return on equity of 101.23% and a net margin of 3.64%. Equities analysts expect that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

GCM Grosvenor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, June 6th will be paid a $0.11 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.44 annualized dividend and a yield of 3.52%. GCM Grosvenor’s dividend payout ratio is 314.29%.

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.