GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Sold by Ariel Investments LLC

Ariel Investments LLC lowered its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,492,872 shares of the company's stock after selling 47,814 shares during the quarter. Ariel Investments LLC owned about 2.38% of GCM Grosvenor worth $55,128,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC purchased a new stake in GCM Grosvenor during the fourth quarter valued at about $234,000. The Manufacturers Life Insurance Company grew its holdings in shares of GCM Grosvenor by 2,277.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 402,094 shares of the company's stock worth $4,934,000 after purchasing an additional 385,182 shares during the period. Aquatic Capital Management LLC acquired a new stake in GCM Grosvenor during the 4th quarter worth approximately $177,000. Susquehanna Fundamental Investments LLC purchased a new position in GCM Grosvenor in the fourth quarter valued at approximately $330,000. Finally, Nebula Research & Development LLC raised its holdings in GCM Grosvenor by 69.7% in the fourth quarter. Nebula Research & Development LLC now owns 38,832 shares of the company's stock valued at $476,000 after buying an additional 15,955 shares during the period. Institutional investors and hedge funds own 99.95% of the company's stock.

GCM Grosvenor Price Performance

Shares of NASDAQ:GCMG traded down $0.31 during midday trading on Thursday, reaching $12.32. The company had a trading volume of 246,393 shares, compared to its average volume of 282,710. The stock has a market capitalization of $2.33 billion, a P/E ratio of 410.67 and a beta of 0.74. The stock's fifty day moving average price is $12.80 and its 200-day moving average price is $12.72. GCM Grosvenor Inc. has a one year low of $9.25 and a one year high of $14.48.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported $0.21 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, sell-side analysts forecast that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.57%. GCM Grosvenor's dividend payout ratio (DPR) is 1,466.67%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Piper Sandler reduced their price objective on GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $14.20.

About GCM Grosvenor

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.