Squarepoint Ops LLC Acquires 46,664 Shares of GCM Grosvenor Inc. (NASDAQ:GCMG)

Squarepoint Ops LLC raised its stake in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 141.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,652 shares of the company's stock after acquiring an additional 46,664 shares during the quarter. Squarepoint Ops LLC's holdings in GCM Grosvenor were worth $977,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in shares of GCM Grosvenor by 9.7% in the fourth quarter. Ameriprise Financial Inc. now owns 5,892,934 shares of the company's stock valued at $72,306,000 after purchasing an additional 519,226 shares during the period. Bamco Inc. NY boosted its position in shares of GCM Grosvenor by 25.7% in the fourth quarter. Bamco Inc. NY now owns 2,200,000 shares of the company's stock valued at $26,994,000 after acquiring an additional 450,000 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in GCM Grosvenor by 40.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 404,562 shares of the company's stock valued at $4,964,000 after acquiring an additional 115,546 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in GCM Grosvenor by 2,277.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 402,094 shares of the company's stock valued at $4,934,000 after purchasing an additional 385,182 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of GCM Grosvenor by 39.3% during 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 in the last quarter. 99.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

GCM Grosvenor Stock Down 0.6%

Shares of NASDAQ GCMG traded down $0.07 during mid-day trading on Wednesday, reaching $12.48. 323,583 shares of the company were exchanged, compared to its average volume of 302,151. GCM Grosvenor Inc. has a 52 week low of $9.25 and a 52 week high of $14.48. The company's 50 day moving average price is $12.56 and its 200 day moving average price is $12.84. The stock has a market capitalization of $2.42 billion, a PE ratio of 416.00 and a beta of 0.73.

GCM Grosvenor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, June 6th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, June 6th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.53%. GCM Grosvenor's dividend payout ratio is 314.29%.

GCM Grosvenor 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.