Ariel Investments LLC Has $58.60 Million Stake in GCM Grosvenor Inc. $GCMG

Key Points

• Ariel Investments LLC has decreased its ownership in GCM Grosvenor Inc. by selling 63,617 shares, resulting in a total holding of approximately 4,429,255 shares which represents about 2.34% of the company.
• GCM Grosvenor has recently announced a quarterly dividend of $0.11 per share, set to be paid on September 16th, with a notable dividend payout ratio of 293.33%.
• Analyst ratings for GCM Grosvenor indicate a consensus of "Moderate Buy", with a recent price target increase from $14.50 to $15.00 by Piper Sandler.

Ariel Investments LLC lessened its stake in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 1.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,429,255 shares of the company's stock after selling 63,617 shares during the quarter. Ariel Investments LLC owned about 2.34% of GCM Grosvenor worth $58,599,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nuveen Asset Management LLC increased its holdings in shares of GCM Grosvenor by 39.3% in the fourth quarter. Nuveen Asset Management LLC now owns 376,276 shares of the company's stock worth $4,617,000 after acquiring an additional 106,180 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of GCM Grosvenor by 100.3% in the first quarter. Fifth Third Bancorp now owns 32,455 shares of the company's stock worth $429,000 after acquiring an additional 16,253 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of GCM Grosvenor by 5.0% in the first quarter. Rhumbline Advisers now owns 61,392 shares of the company's stock worth $812,000 after acquiring an additional 2,930 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of GCM Grosvenor by 1,455.8% in the first quarter. GAMMA Investing LLC now owns 22,637 shares of the company's stock worth $299,000 after acquiring an additional 21,182 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of GCM Grosvenor in the fourth quarter worth about $234,000. 99.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Kathleen Patricia Sullivan sold 6,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $13.02, for a total transaction of $78,120.00. Following the completion of the transaction, the insider directly owned 60,195 shares of the company's stock, valued at approximately $783,738.90. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 76.40% of the company's stock.

GCM Grosvenor Trading Up 0.4%

Shares of GCMG stock traded up $0.05 on Friday, hitting $12.77. 375,893 shares of the stock were exchanged, compared to its average volume of 575,198. The business has a 50-day moving average of $12.27 and a 200 day moving average of $12.54. GCM Grosvenor Inc. has a fifty-two week low of $10.04 and a fifty-two week high of $14.48. The firm has a market capitalization of $2.48 billion, a P/E ratio of 85.13 and a beta of 0.75.

GCM Grosvenor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.44 annualized dividend and a yield of 3.4%. GCM Grosvenor's dividend payout ratio is 293.33%.

Analyst Ratings Changes

Several brokerages have issued reports on GCMG. Oppenheimer restated an "outperform" rating on shares of GCM Grosvenor in a report on Friday, August 8th. Piper Sandler upped their price objective on GCM Grosvenor from $14.50 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $15.13.

About GCM Grosvenor

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.