Quantbot Technologies LP Acquires 23,114 Shares of GCM Grosvenor Inc. $GCMG

Key Points

• Quantbot Technologies LP increased its stake in GCM Grosvenor Inc. by 247.6% in Q1, holding a total of 32,448 shares valued at approximately $429,000.
• Insider Kathleen Patricia Sullivan sold 6,000 shares at $13.02 each, decreasing her ownership by 9.06%, while 77.30% of the stock is owned by insiders.
• GCM Grosvenor announced a quarterly dividend of $0.11 per share, representing an annual yield of 3.4%, with a payout ratio of 293.33%.

Quantbot Technologies LP raised its holdings in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 247.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,448 shares of the company's stock after purchasing an additional 23,114 shares during the period. Quantbot Technologies LP's holdings in GCM Grosvenor were worth $429,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its holdings in GCM Grosvenor by 39.3% in the 4th quarter. Nuveen Asset Management LLC now owns 376,276 shares of the company's stock valued at $4,617,000 after purchasing an additional 106,180 shares during the period. Fifth Third Bancorp increased its holdings in GCM Grosvenor by 100.3% in the 1st quarter. Fifth Third Bancorp now owns 32,455 shares of the company's stock valued at $429,000 after buying an additional 16,253 shares during the period. Rhumbline Advisers increased its holdings in GCM Grosvenor by 5.0% in the 1st quarter. Rhumbline Advisers now owns 61,392 shares of the company's stock valued at $812,000 after buying an additional 2,930 shares during the period. GAMMA Investing LLC increased its holdings in GCM Grosvenor by 1,455.8% in the 1st quarter. GAMMA Investing LLC now owns 22,637 shares of the company's stock valued at $299,000 after buying an additional 21,182 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new position in GCM Grosvenor in the 4th quarter valued at about $234,000. Institutional investors own 99.95% of the company's stock.

Analysts Set New Price Targets

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

GCM Grosvenor Stock Down 0.5%

Shares of GCMG stock traded down $0.07 on Monday, reaching $12.96. The company had a trading volume of 247,794 shares, compared to its average volume of 585,141. The stock has a market capitalization of $2.52 billion, a PE ratio of 86.40 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. The business's 50-day moving average is $12.17 and its 200 day moving average is $12.56.

GCM Grosvenor Dividend Announcement

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

Insider Activity at GCM Grosvenor

In other news, insider Kathleen Patricia Sullivan sold 6,000 shares of the 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 transaction, the insider owned 60,195 shares of the company's stock, valued at approximately $783,738.90. This represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 77.30% of the company's stock.

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.