GCM Grosvenor Inc. $GCMG Shares Acquired by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly increased its holdings in GCM Grosvenor Inc. by 161.9% in the first quarter, owning 38,699 shares valued at $512,000.
• Insider Kathleen Patricia Sullivan sold 6,000 shares of GCM Grosvenor stock for approximately $78,120, marking a 9.06% decrease in her holdings.
• GCM Grosvenor recently announced a $0.11 quarterly dividend, with a payout ratio of 293.33% and a yield of 3.4%.

AlphaQuest LLC lifted its position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 161.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,699 shares of the company's stock after acquiring an additional 23,924 shares during the quarter. AlphaQuest LLC's holdings in GCM Grosvenor were worth $512,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nuveen Asset Management LLC boosted its stake in shares of GCM Grosvenor by 39.3% during the 4th 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 boosted its stake in shares of GCM Grosvenor by 100.3% during the 1st 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 boosted its stake in shares of GCM Grosvenor by 5.0% during the 1st 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 boosted its stake in shares of GCM Grosvenor by 1,455.8% during the 1st 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 purchased a new stake in shares of GCM Grosvenor during the 4th quarter worth approximately $234,000. Hedge funds and other institutional investors own 99.95% of the company's stock.

Insider Buying and Selling at GCM Grosvenor

In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 6,000 shares of the stock in a transaction 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 transaction, the insider owned 60,195 shares of the company's stock, valued at $783,738.90. This represents a 9.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 76.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GCMG shares. Piper Sandler boosted their price target on GCM Grosvenor from $14.50 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Oppenheimer reaffirmed an "outperform" rating on shares of GCM Grosvenor in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.13.

GCM Grosvenor Trading Down 0.5%

Shares of GCM Grosvenor stock traded down $0.07 during trading hours on Friday, reaching $12.96. 247,794 shares of the company's stock were exchanged, compared to its average volume of 597,226. GCM Grosvenor Inc. has a 52-week low of $10.04 and a 52-week high of $14.48. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 86.40 and a beta of 0.72. The company has a fifty day moving average of $12.14 and a 200-day moving average of $12.59.

GCM Grosvenor Announces Dividend

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

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.