Jump Financial LLC Makes New $288,000 Investment in GCM Grosvenor Inc. $GCMG

Key Points

• Jump Financial LLC has invested approximately $288,000 in GCM Grosvenor Inc., acquiring 21,803 shares in the first quarter.
• GCM Grosvenor recently declared a quarterly dividend of $0.11 per share, with a dividend yield of 3.5% and a payout ratio of 293.33%.
• Piper Sandler has increased their price target for GCM Grosvenor from $14.50 to $15.00, indicating confidence in the stock with an "overweight" rating.

Jump Financial LLC purchased a new position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,803 shares of the company's stock, valued at approximately $288,000.

Other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in GCM Grosvenor by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,242 shares of the company's stock valued at $297,000 after purchasing an additional 1,023 shares during the last quarter. EntryPoint Capital LLC lifted its position in shares of GCM Grosvenor by 10.2% in the 1st quarter. EntryPoint Capital LLC now owns 15,549 shares of the company's stock worth $206,000 after purchasing an additional 1,438 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of GCM Grosvenor by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 125,388 shares of the company's stock worth $1,659,000 after purchasing an additional 2,276 shares during the period. Invesco Ltd. grew its position in GCM Grosvenor by 4.2% during the first quarter. Invesco Ltd. now owns 63,835 shares of the company's stock valued at $845,000 after buying an additional 2,573 shares during the period. Finally, Mariner LLC grew its position in GCM Grosvenor by 17.2% during the fourth quarter. Mariner LLC now owns 19,781 shares of the company's stock valued at $243,000 after acquiring an additional 2,909 shares during the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Oppenheimer restated an "outperform" rating on shares of GCM Grosvenor in a report on Friday, August 8th. Piper Sandler increased their price objective on GCM Grosvenor from $14.50 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, GCM Grosvenor presently has an average rating of "Moderate Buy" and a consensus target price of $15.13.

Insiders Place Their Bets

In other news, insider Kathleen Patricia Sullivan sold 6,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $13.02, for a total value of $78,120.00. Following the completion of the sale, the insider owned 60,195 shares in the company, valued at approximately $783,738.90. This trade represents a 9.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 77.30% of the stock is currently owned by company insiders.

GCM Grosvenor Trading Down 0.4%

NASDAQ:GCMG traded down $0.05 during trading hours on Monday, hitting $12.73. 179,390 shares of the company were exchanged, compared to its average volume of 464,352. The company has a fifty day simple moving average of $12.27 and a 200 day simple moving average of $12.52. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 84.77 and a beta of 0.75. GCM Grosvenor Inc. has a one year low of $10.04 and a one year high of $14.48.

GCM Grosvenor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 2nd. GCM Grosvenor's dividend payout ratio is 293.33%.

About GCM Grosvenor

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.