Aquatic Capital Management LLC Buys Shares of 24,818 StepStone Group LP (NASDAQ:STEP)

Aquatic Capital Management LLC purchased a new position in StepStone Group LP (NASDAQ:STEP - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 24,818 shares of the company's stock, valued at approximately $1,436,000.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its holdings in StepStone Group by 368.2% during the third quarter. Barclays PLC now owns 112,019 shares of the company's stock worth $6,366,000 after acquiring an additional 88,095 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in StepStone Group in the 4th quarter worth approximately $388,000. Cibc World Markets Corp acquired a new stake in shares of StepStone Group during the 4th quarter worth approximately $355,000. Proficio Capital Partners LLC purchased a new position in shares of StepStone Group during the 4th quarter valued at approximately $941,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of StepStone Group in the 4th quarter valued at $331,000. 55.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Anthony Keathley sold 538 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $63.00, for a total transaction of $33,894.00. Following the completion of the sale, the chief accounting officer now directly owns 1,386 shares in the company, valued at approximately $87,318. This trade represents a 27.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott W. Hart sold 10,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.43, for a total transaction of $614,300.00. Following the completion of the transaction, the chief executive officer now owns 110,000 shares in the company, valued at $6,757,300. The trade was a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.44% of the stock is currently owned by company insiders.

StepStone Group Stock Down 0.6 %

Shares of StepStone Group stock traded down $0.35 during trading hours on Monday, reaching $54.26. 57,942 shares of the company's stock were exchanged, compared to its average volume of 667,369. The business has a fifty day moving average of $51.29 and a two-hundred day moving average of $58.31. The company has a market capitalization of $6.29 billion, a P/E ratio of -32.10 and a beta of 1.37. StepStone Group LP has a 1 year low of $36.97 and a 1 year high of $70.38.

StepStone Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Friday, February 28th. StepStone Group's dividend payout ratio (DPR) is -56.80%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Oppenheimer set a $67.00 price target on shares of StepStone Group and gave the company an "outperform" rating in a research report on Wednesday, April 16th. Morgan Stanley dropped their target price on StepStone Group from $66.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Evercore ISI upped their price target on StepStone Group from $63.00 to $69.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, Barclays dropped their price objective on StepStone Group from $69.00 to $48.00 and set an "equal weight" rating on the stock in a report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $61.64.

About StepStone Group

StepStone Group Inc is a private equity and venture capital firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies.