Deprince Race & Zollo Inc. Sells 32,204 Shares of GCM Grosvenor Inc. (NASDAQ:GCMG)

Deprince Race & Zollo Inc. decreased its position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 133,849 shares of the company's stock after selling 32,204 shares during the period. Deprince Race & Zollo Inc. owned about 0.07% of GCM Grosvenor worth $1,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of GCM Grosvenor in the fourth quarter valued at $57,000. Quantbot Technologies LP raised its position in GCM Grosvenor by 1,474.0% in the 4th quarter. Quantbot Technologies LP now owns 9,334 shares of the company's stock worth $115,000 after purchasing an additional 8,741 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in shares of GCM Grosvenor during the fourth quarter valued at $127,000. Truist Financial Corp bought a new position in GCM Grosvenor in the fourth quarter valued at approximately $157,000. Finally, Longboard Asset Management LP acquired a new stake in GCM Grosvenor during the 4th quarter worth $166,000. Institutional investors own 99.95% of the company's stock.

GCM Grosvenor Stock Down 0.2%

Shares of GCMG stock traded down $0.03 during mid-day trading on Wednesday, reaching $12.52. 250,712 shares of the stock traded hands, compared to its average volume of 286,777. The stock's fifty day simple moving average is $12.73 and its two-hundred day simple moving average is $12.75. GCM Grosvenor Inc. has a 1-year low of $9.25 and a 1-year high of $14.48. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 417.33 and a beta of 0.74.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last issued 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%. On average, equities research analysts anticipate that GCM Grosvenor Inc. will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, June 6th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.51%. The ex-dividend date is Friday, June 6th. GCM Grosvenor's payout ratio is currently 314.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GCMG. Oppenheimer boosted their price objective on shares of GCM Grosvenor from $16.00 to $17.00 and gave the company an "outperform" rating in a report on Friday, May 9th. UBS Group lifted their target price on GCM Grosvenor from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Finally, Piper Sandler lowered their target price on GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $13.60.

GCM Grosvenor 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.