Two Sigma Advisers LP Boosts Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

Two Sigma Advisers LP grew its position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 893.7% in the fourth quarter, according to the company in its most recent Form 13F filing 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 period. Two Sigma Advisers LP owned approximately 0.13% of GCM Grosvenor worth $3,085,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of GCM Grosvenor during the fourth quarter valued at about $57,000. Quantbot Technologies LP lifted its holdings in shares of GCM Grosvenor by 1,474.0% in the 4th 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 during the last quarter. Bleakley Financial Group LLC bought a new position in shares of GCM Grosvenor in the 4th quarter valued at about $127,000. ProShare Advisors LLC bought a new position in shares of GCM Grosvenor in the 4th quarter valued at about $147,000. Finally, Truist Financial Corp bought a new position in shares of GCM Grosvenor in the 4th quarter valued at about $157,000. Hedge funds and other institutional investors own 99.95% of the company's stock.

GCM Grosvenor Price Performance

Shares of GCMG traded down $0.06 during mid-day trading on Wednesday, reaching $12.79. 442,119 shares of the company's stock traded hands, compared to its average volume of 295,590. The stock has a market cap of $2.48 billion, a P/E ratio of 426.33 and a beta of 0.74. The stock's 50-day moving average is $12.64 and its two-hundred day moving average is $12.80. GCM Grosvenor Inc. has a 12 month low of $9.25 and a 12 month high of $14.48.

GCM Grosvenor Announces Dividend

The firm 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. This represents a $0.44 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Friday, June 6th. GCM Grosvenor's payout ratio is currently 314.29%.

Analyst Ratings Changes

A number of brokerages recently commented on GCMG. UBS Group increased their price target on shares of GCM Grosvenor from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Piper Sandler lowered their price target on shares of GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Oppenheimer increased 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $13.60.

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.