Two Sigma Advisers LP Has $3.09 Million Stake in GCM Grosvenor Inc. (NASDAQ:GCMG)

Two Sigma Advisers LP lifted its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 893.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 251,400 shares of the company's stock after purchasing an additional 226,100 shares during the quarter. Two Sigma Advisers LP owned about 0.13% of GCM Grosvenor worth $3,085,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new position in GCM Grosvenor during the 4th quarter valued at about $57,000. Quantbot Technologies LP boosted its holdings in shares of GCM Grosvenor by 1,474.0% in the fourth 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 in the last quarter. Bleakley Financial Group LLC acquired a new position in shares of GCM Grosvenor during the fourth quarter valued at approximately $127,000. ProShare Advisors LLC bought a new stake in GCM Grosvenor during the fourth quarter worth approximately $147,000. Finally, Truist Financial Corp bought a new stake in GCM Grosvenor during the fourth quarter worth approximately $157,000. 99.95% of the stock is currently owned by institutional investors.

GCM Grosvenor Trading Down 0.6%

GCM Grosvenor stock traded down $0.08 during trading hours on Friday, reaching $12.74. 562,968 shares of the company were exchanged, compared to its average volume of 298,696. GCM Grosvenor Inc. has a 12 month low of $9.25 and a 12 month high of $14.48. The stock has a 50-day moving average of $12.61 and a 200 day moving average of $12.83. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 424.67 and a beta of 0.74.

GCM Grosvenor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Friday, June 6th. GCM Grosvenor's dividend payout ratio is 314.29%.

Analyst Ratings Changes

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

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.