Corton Capital Inc. Invests $319,000 in GCM Grosvenor Inc. (NASDAQ:GCMG)

Corton Capital Inc. acquired a new position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,999 shares of the company's stock, valued at approximately $319,000.

Several other large investors have also recently added to or reduced their stakes in GCMG. JPMorgan Chase & Co. boosted its position in shares of GCM Grosvenor by 232.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 100,980 shares of the company's stock valued at $1,143,000 after purchasing an additional 70,565 shares during the period. Barclays PLC lifted its holdings in shares of GCM Grosvenor by 56.9% during the 3rd quarter. Barclays PLC now owns 113,823 shares of the company's stock valued at $1,288,000 after buying an additional 41,259 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of GCM Grosvenor by 86,424.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 59,702 shares of the company's stock valued at $733,000 after acquiring an additional 59,633 shares in the last quarter. Rhumbline Advisers raised its stake in shares of GCM Grosvenor by 5.6% in the 4th quarter. Rhumbline Advisers now owns 58,462 shares of the company's stock valued at $717,000 after acquiring an additional 3,111 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of GCM Grosvenor by 20.1% during the 4th 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 in the last quarter. 99.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on GCMG. Piper Sandler decreased their price target 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 upped their price objective on GCM Grosvenor from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, Oppenheimer upped their price objective on GCM Grosvenor from $16.00 to $17.00 and gave the company an "outperform" rating in a research note on Friday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $13.60.

GCM Grosvenor Price Performance

GCM Grosvenor stock traded up $0.02 during mid-day trading on Monday, reaching $12.51. 315,657 shares of the company were exchanged, compared to its average volume of 284,613. The company has a fifty day simple moving average of $12.75 and a 200-day simple moving average of $12.74. GCM Grosvenor Inc. has a 12 month low of $9.25 and a 12 month high of $14.48. The firm has a market cap of $2.37 billion, a PE ratio of 416.83 and a beta of 0.74.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last announced its 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%. Sell-side analysts anticipate that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Dividend Announcement

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