Jackson Creek Investment Advisors LLC Makes New $1.42 Million Investment in GCM Grosvenor Inc. (NASDAQ:GCMG)

Jackson Creek Investment Advisors LLC purchased a new position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 107,617 shares of the company's stock, valued at approximately $1,424,000. Jackson Creek Investment Advisors LLC owned 0.06% of GCM Grosvenor as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of GCMG. Victory Capital Management Inc. bought a new position in shares of GCM Grosvenor during the 1st quarter worth about $1,371,000. Massachusetts Financial Services Co. MA increased its position in GCM Grosvenor by 0.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,326,682 shares of the company's stock valued at $30,782,000 after buying an additional 8,364 shares in the last quarter. New York State Common Retirement Fund increased its position in GCM Grosvenor by 4,385.3% in the 1st quarter. New York State Common Retirement Fund now owns 352,497 shares of the company's stock valued at $4,664,000 after buying an additional 344,638 shares in the last quarter. Cornerstone Investment Partners LLC lifted its holdings in shares of GCM Grosvenor by 56.5% in the 1st quarter. Cornerstone Investment Partners LLC now owns 37,958 shares of the company's stock worth $502,000 after purchasing an additional 13,706 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in GCM Grosvenor by 308.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 98,267 shares of the company's stock valued at $1,300,000 after purchasing an additional 74,227 shares during the period. Institutional investors and hedge funds own 99.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GCMG. Oppenheimer boosted their target price on shares of GCM Grosvenor from $18.00 to $19.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Piper Sandler decreased their target price on shares of GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $14.00.

GCM Grosvenor Stock Up 0.1%

GCMG stock traded up $0.01 during trading on Monday, reaching $11.82. The stock had a trading volume of 438,138 shares, compared to its average volume of 348,849. GCM Grosvenor Inc. has a one year low of $10.04 and a one year high of $14.48. The company's 50 day moving average is $12.07 and its two-hundred day moving average is $12.74. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 84.43 and a beta of 0.70.

GCM Grosvenor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Friday, June 6th. GCM Grosvenor's dividend payout ratio 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.