Trexquant Investment LP decreased its holdings in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 60.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,125 shares of the company's stock after selling 49,514 shares during the quarter. Trexquant Investment LP's holdings in GCM Grosvenor were worth $425,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 worth $297,000 after acquiring an additional 1,023 shares in the last quarter. EntryPoint Capital LLC raised its position in shares of GCM Grosvenor by 10.2% during the 1st quarter. EntryPoint Capital LLC now owns 15,549 shares of the company's stock valued at $206,000 after acquiring an additional 1,438 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in GCM Grosvenor by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 125,388 shares of the company's stock worth $1,659,000 after buying an additional 2,276 shares during the last quarter. Invesco Ltd. grew its stake in GCM Grosvenor by 4.2% during the 1st quarter. Invesco Ltd. now owns 63,835 shares of the company's stock worth $845,000 after buying an additional 2,573 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of GCM Grosvenor by 5.0% in the first quarter. Rhumbline Advisers now owns 61,392 shares of the company's stock worth $812,000 after purchasing an additional 2,930 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company's stock.
Insider Transactions at GCM Grosvenor
In other news, insider Kathleen Patricia Sullivan sold 6,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $13.02, for a total transaction of $78,120.00. Following the transaction, the insider owned 60,195 shares in the company, valued at approximately $783,738.90. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 76.40% of the stock is owned by corporate insiders.
GCM Grosvenor Price Performance
Shares of GCM Grosvenor stock traded up $0.03 during midday trading on Friday, hitting $12.88. 325,299 shares of the company were exchanged, compared to its average volume of 441,531. The firm has a market cap of $2.50 billion, a P/E ratio of 85.87 and a beta of 0.75. GCM Grosvenor Inc. has a 52 week low of $10.74 and a 52 week high of $14.48. The firm has a 50 day simple moving average of $12.39 and a 200-day simple moving average of $12.49.
GCM Grosvenor Dividend Announcement
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 paid a $0.11 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.44 annualized dividend and a yield of 3.4%. GCM Grosvenor's dividend payout ratio is currently 293.33%.
Analysts Set New Price Targets
Several analysts have recently weighed in on GCMG shares. Piper Sandler upped their price objective on GCM Grosvenor from $14.50 to $15.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Oppenheimer reaffirmed an "outperform" rating on shares of GCM Grosvenor in a report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, GCM Grosvenor presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.13.
Check Out Our Latest Research Report on GCMG
About GCM Grosvenor
(
Free Report)
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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