Jackson Creek Investment Advisors LLC Buys New Holdings in GCM Grosvenor Inc. (NASDAQ:GCMG)

Jackson Creek Investment Advisors LLC acquired 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 13F filing with the Securities & Exchange Commission. The fund acquired 107,617 shares of the company's stock, valued at approximately $1,424,000. Jackson Creek Investment Advisors LLC owned approximately 0.06% of GCM Grosvenor at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GCMG. Charles Schwab Investment Management Inc. grew its holdings in shares of GCM Grosvenor by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 123,112 shares of the company's stock valued at $1,511,000 after purchasing an additional 2,795 shares during the last quarter. Intech Investment Management LLC acquired a new stake in GCM Grosvenor in the fourth quarter worth approximately $290,000. Quantbot Technologies LP lifted its position in shares of GCM Grosvenor by 1,474.0% during the 4th quarter. Quantbot Technologies LP now owns 9,334 shares of the company's stock valued at $115,000 after acquiring an additional 8,741 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of GCM Grosvenor during the 4th quarter valued at $1,437,000. Finally, EntryPoint Capital LLC acquired a new stake in GCM Grosvenor during the 4th quarter valued at $173,000. Institutional investors and hedge funds own 99.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GCMG. Piper Sandler dropped their price target on shares of GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Oppenheimer increased their price target on shares of GCM Grosvenor from $18.00 to $19.00 and gave the stock an "outperform" rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, GCM Grosvenor has an average rating of "Hold" and an average price target of $14.00.

GCM Grosvenor Trading Up 0.3%

NASDAQ:GCMG traded up $0.04 on Friday, hitting $12.04. The company had a trading volume of 16,628 shares, compared to its average volume of 345,259. GCM Grosvenor Inc. has a 52 week low of $10.04 and a 52 week high of $14.48. The firm has a 50 day moving average of $12.09 and a two-hundred day moving average of $12.74. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 85.79 and a beta of 0.70.

GCM Grosvenor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were given a dividend of $0.11 per share. The ex-dividend date was Friday, June 6th. This represents a $0.44 annualized dividend and a dividend yield of 3.66%. GCM Grosvenor's dividend payout ratio is currently 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.

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