Dimensional Fund Advisors LP Has $1.79 Million Stock Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

Dimensional Fund Advisors LP increased its position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 231.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,413 shares of the company's stock after acquiring an additional 101,573 shares during the period. Dimensional Fund Advisors LP owned about 0.08% of GCM Grosvenor worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blair William & Co. IL raised its holdings in GCM Grosvenor by 0.6% during the fourth quarter. Blair William & Co. IL now owns 225,695 shares of the company's stock valued at $2,769,000 after buying an additional 1,270 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in GCM Grosvenor by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 123,112 shares of the company's stock valued at $1,511,000 after buying an additional 2,795 shares in the last quarter. Mariner LLC raised its holdings in GCM Grosvenor by 17.2% during the fourth quarter. Mariner LLC now owns 19,781 shares of the company's stock valued at $243,000 after buying an additional 2,909 shares in the last quarter. Rhumbline Advisers raised its holdings in GCM Grosvenor by 5.6% during the fourth quarter. Rhumbline Advisers now owns 58,462 shares of the company's stock valued at $717,000 after buying an additional 3,111 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in GCM Grosvenor by 20.1% during the fourth quarter. SG Americas Securities LLC now owns 20,223 shares of the company's stock valued at $248,000 after buying an additional 3,379 shares in the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GCMG. UBS Group raised their target price on GCM Grosvenor from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Oppenheimer raised their price target on GCM Grosvenor from $16.00 to $17.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Finally, Piper Sandler lowered their price target on GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating on the stock in a research report 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, GCM Grosvenor currently has an average rating of "Hold" and a consensus target price of $13.60.

GCM Grosvenor Stock Performance

Shares of NASDAQ:GCMG traded down $0.05 during midday trading on Tuesday, hitting $12.50. The company's stock had a trading volume of 14,477 shares, compared to its average volume of 286,315. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 417.17 and a beta of 0.74. The stock's 50 day simple moving average is $12.71 and its 200 day simple moving average is $12.78. GCM Grosvenor Inc. has a fifty-two week low of $9.25 and a fifty-two week high of $14.48.

GCM Grosvenor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, June 6th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a 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.