AlphaQuest LLC Has $181,000 Stake in GCM Grosvenor Inc. (NASDAQ:GCMG)

AlphaQuest LLC trimmed its holdings in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 60.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,775 shares of the company’s stock after selling 22,718 shares during the period. AlphaQuest LLC’s holdings in GCM Grosvenor were worth $181,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wasatch Advisors LP increased its holdings in GCM Grosvenor by 0.9% during the 3rd quarter. Wasatch Advisors LP now owns 3,186,987 shares of the company’s stock valued at $36,077,000 after purchasing an additional 29,382 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in GCM Grosvenor by 3.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,485,933 shares of the company’s stock valued at $28,141,000 after purchasing an additional 87,010 shares in the last quarter. Bamco Inc. NY acquired a new stake in GCM Grosvenor during the 3rd quarter valued at $19,810,000. State Street Corp increased its holdings in GCM Grosvenor by 2.0% during the 3rd quarter. State Street Corp now owns 1,053,204 shares of the company’s stock valued at $11,922,000 after purchasing an additional 20,225 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in GCM Grosvenor by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company’s stock valued at $11,375,000 after purchasing an additional 2,607 shares in the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GCMG. Piper Sandler upgraded GCM Grosvenor from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $12.50 to $14.00 in a research report on Monday, December 23rd. UBS Group increased their price objective on GCM Grosvenor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, Oppenheimer increased their price objective on GCM Grosvenor from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.10.

GCM Grosvenor Stock Up 1.7 %

NASDAQ:GCMG opened at $12.89 on Monday. GCM Grosvenor Inc. has a 12-month low of $8.80 and a 12-month high of $14.48. The firm has a market capitalization of $2.44 billion, a P/E ratio of 429.67 and a beta of 0.58. The stock’s fifty day simple moving average is $13.41 and its 200-day simple moving average is $12.31.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). GCM Grosvenor had a negative return on equity of 101.23% and a net margin of 3.64%. As a group, equities research analysts expect that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 3.41%. GCM Grosvenor’s dividend payout ratio is currently 1,466.67%.

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.