GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP raised its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 145.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 298,426 shares of the company's stock after acquiring an additional 176,627 shares during the period. Two Sigma Investments LP owned approximately 0.16% of GCM Grosvenor worth $3,662,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GCMG. R Squared Ltd purchased a new position in shares of GCM Grosvenor during the 4th quarter worth approximately $57,000. Quantbot Technologies LP grew its holdings in shares of GCM Grosvenor by 1,474.0% in the 4th quarter. Quantbot Technologies LP now owns 9,334 shares of the company's stock worth $115,000 after acquiring an additional 8,741 shares during the period. Bleakley Financial Group LLC acquired a new stake in shares of GCM Grosvenor in the 4th quarter worth approximately $127,000. ProShare Advisors LLC acquired a new stake in shares of GCM Grosvenor in the 4th quarter worth approximately $147,000. Finally, Truist Financial Corp acquired a new stake in shares of GCM Grosvenor in the 4th quarter worth approximately $157,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on GCMG. UBS Group upped their price target on GCM Grosvenor from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Piper Sandler lowered their price target on GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Oppenheimer upped their price target on GCM Grosvenor from $16.00 to $17.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $13.60.

GCM Grosvenor Price Performance

NASDAQ:GCMG traded down $0.08 during trading hours on Friday, reaching $12.74. 562,968 shares of the company traded hands, compared to its average volume of 297,820. The firm's 50-day moving average is $12.61 and its 200-day moving average is $12.82. The stock has a market cap of $2.47 billion, a P/E ratio of 424.67 and a beta of 0.74. GCM Grosvenor Inc. has a 1-year low of $9.25 and a 1-year high of $14.48.

GCM Grosvenor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Friday, June 6th. GCM Grosvenor's dividend payout ratio (DPR) 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.