GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its position in GCM Grosvenor Inc. (NASDAQ:GCMG) by 1,474.0% during the fourth quarter, Holdings Channel reports. The firm owned 9,334 shares of the company’s stock after acquiring an additional 8,741 shares during the period. Quantbot Technologies LP’s holdings in GCM Grosvenor were worth $115,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in GCM Grosvenor by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company’s stock worth $11,375,000 after buying an additional 2,607 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of GCM Grosvenor by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 123,112 shares of the company’s stock valued at $1,511,000 after acquiring an additional 2,795 shares during the last quarter. Rhumbline Advisers increased its stake in shares of GCM Grosvenor by 5.6% in the fourth quarter. Rhumbline Advisers now owns 58,462 shares of the company’s stock worth $717,000 after acquiring an additional 3,111 shares during the period. SG Americas Securities LLC raised its holdings in shares of GCM Grosvenor by 20.1% during the fourth quarter. SG Americas Securities LLC now owns 20,223 shares of the company’s stock worth $248,000 after purchasing an additional 3,379 shares during the last quarter. Finally, R Squared Ltd acquired a new position in GCM Grosvenor during the fourth quarter valued at $57,000. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

GCM Grosvenor Trading Down 0.2 %

NASDAQ GCMG opened at $13.23 on Tuesday. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 441.00 and a beta of 0.58. The stock has a 50-day moving average of $13.51 and a 200 day moving average of $12.50. GCM Grosvenor Inc. has a twelve month low of $8.88 and a twelve month high of $14.48.

GCM Grosvenor (NASDAQ:GCMG) last announced its earnings results on Monday, February 10th. The company reported $0.21 earnings per share 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%. Equities analysts predict that GCM Grosvenor Inc. will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 3.33%. GCM Grosvenor’s dividend payout ratio (DPR) is 1,466.67%.

Wall Street Analysts Forecast Growth

GCMG has been the subject of a number of recent research reports. UBS Group lifted their price objective on GCM Grosvenor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Piper Sandler upgraded GCM Grosvenor from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $12.50 to $14.00 in a research report on Monday, December 23rd. Finally, Oppenheimer upped their price objective on GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, GCM Grosvenor presently has a consensus rating of “Hold” and a consensus target price of $14.10.

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.