GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Bought by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in GCM Grosvenor Inc. by 272.2% during the first quarter, acquiring a total of 840,019 shares valued at approximately $11.1 million.
• Analysts have mixed ratings on GCM Grosvenor, with Oppenheimer setting a new target price of $19.00, while Piper Sandler lowered their target to $14.50.
• GCM Grosvenor's current market capitalization stands at $2.32 billion, with shares trading around $11.96 and a P/E ratio of 85.43.

Blair William & Co. IL lifted its position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 272.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 840,019 shares of the company's stock after buying an additional 614,324 shares during the quarter. Blair William & Co. IL owned approximately 0.44% of GCM Grosvenor worth $11,113,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Argent Trust Co acquired a new position in shares of GCM Grosvenor during the 1st quarter worth $172,000. R Squared Ltd lifted its holdings in GCM Grosvenor by 161.4% in the 1st quarter. R Squared Ltd now owns 12,206 shares of the company's stock valued at $161,000 after purchasing an additional 7,536 shares in the last quarter. XTX Topco Ltd lifted its holdings in GCM Grosvenor by 174.3% in the 1st quarter. XTX Topco Ltd now owns 50,165 shares of the company's stock valued at $664,000 after purchasing an additional 31,876 shares in the last quarter. Navellier & Associates Inc. purchased a new position in GCM Grosvenor in the 1st quarter valued at about $377,000. Finally, Jackson Creek Investment Advisors LLC purchased a new position in GCM Grosvenor in the 1st quarter valued at about $1,424,000. Institutional investors and hedge funds own 99.95% of the company's stock.

GCM Grosvenor Trading Up 4.9%

Shares of NASDAQ GCMG traded up $0.59 on Friday, reaching $12.59. 1,478,880 shares of the company traded hands, compared to its average volume of 444,327. GCM Grosvenor Inc. has a fifty-two week low of $10.04 and a fifty-two week high of $14.48. The company has a 50 day moving average of $11.89 and a 200 day moving average of $12.65. The stock has a market capitalization of $2.45 billion, a PE ratio of 83.93 and a beta of 0.72.

GCM Grosvenor Announces Dividend

The business 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 dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.5%. GCM Grosvenor's dividend payout ratio is currently 314.29%.

Analysts Set New Price Targets

A number of research analysts have issued reports on GCMG shares. Oppenheimer restated an "outperform" rating on shares of GCM Grosvenor in a report on Friday. Piper Sandler upped their target price on shares of GCM Grosvenor from $14.50 to $15.00 and gave the company an "overweight" rating in a report on Friday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $14.10.

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.