Uniplan Investment Counsel Inc. bought a new position in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 76,166 shares of the company's stock, valued at approximately $1,008,000.
Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of GCM Grosvenor by 231.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 145,413 shares of the company's stock valued at $1,785,000 after buying an additional 101,573 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in GCM Grosvenor by 22.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,951 shares of the company's stock valued at $208,000 after purchasing an additional 3,082 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in GCM Grosvenor in the 4th quarter worth about $234,000. BNP Paribas Financial Markets bought a new position in GCM Grosvenor in the 4th quarter worth about $223,000. Finally, Bank of America Corp DE raised its holdings in GCM Grosvenor by 42.1% in the fourth quarter. Bank of America Corp DE now owns 70,223 shares of the company's stock worth $862,000 after purchasing an additional 20,815 shares in the last quarter. Institutional investors own 99.95% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Oppenheimer reiterated an "outperform" rating on shares of GCM Grosvenor in a research note on Friday, August 8th. Piper Sandler upped their price target on shares of GCM Grosvenor from $14.50 to $15.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, GCM Grosvenor currently has a consensus rating of "Moderate Buy" and an average target price of $15.13.
Read Our Latest Research Report on GCMG
GCM Grosvenor Stock Up 0.2%
Shares of NASDAQ:GCMG traded up $0.03 during midday trading on Friday, reaching $12.88. The company's stock had a trading volume of 325,299 shares, compared to its average volume of 441,531. The firm has a market capitalization of $2.50 billion, a PE ratio of 85.87 and a beta of 0.75. GCM Grosvenor Inc. has a twelve month low of $10.74 and a twelve month high of $14.48. The stock has a fifty day moving average of $12.39 and a 200 day moving average of $12.49.
GCM Grosvenor Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.11 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.4%. GCM Grosvenor's dividend payout ratio is presently 293.33%.
Insider Buying and Selling at GCM Grosvenor
In other news, insider Kathleen Patricia Sullivan sold 6,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $13.02, for a total value of $78,120.00. Following the sale, the insider owned 60,195 shares in the company, valued at $783,738.90. This represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 76.40% of the stock is owned by insiders.
GCM Grosvenor Profile
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Free Report)
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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