Dimensional Fund Advisors LP Grows Stock Holdings in GCM Grosvenor Inc. (NASDAQ:GCMG)

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

Several other large investors have also modified their holdings of GCMG. R Squared Ltd purchased a new position in shares of GCM Grosvenor during the fourth quarter worth $57,000. Quantbot Technologies LP grew its holdings in shares of GCM Grosvenor by 1,474.0% during the fourth 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 purchased a new position in shares of GCM Grosvenor during the fourth quarter worth approximately $127,000. Truist Financial Corp acquired a new stake in shares of GCM Grosvenor during the fourth quarter worth about $157,000. Finally, Longboard Asset Management LP acquired a new position in shares of GCM Grosvenor in the fourth quarter valued at approximately $166,000. Institutional investors and hedge funds own 99.95% of the company's stock.

Analysts Set New Price Targets

GCMG has been the subject of a number of analyst reports. UBS Group increased their target price on GCM Grosvenor from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Piper Sandler reduced their price objective on shares of GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Oppenheimer boosted their target price 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $13.60.

GCM Grosvenor Stock Performance

GCM Grosvenor stock opened at $12.51 on Thursday. GCM Grosvenor Inc. has a one year low of $9.25 and a one year high of $14.48. The stock's 50 day moving average price is $12.72 and its 200 day moving average price is $12.75. The firm has a market capitalization of $2.37 billion, a PE ratio of 417.00 and a beta of 0.74.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates 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, analysts forecast that GCM Grosvenor Inc. will post 0.64 earnings per share for the current fiscal year.

GCM Grosvenor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, June 6th will be issued a $0.11 dividend. 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 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.

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