Yarbrough Capital LLC Acquires New Holdings in GCM Grosvenor Inc. (NASDAQ:GCMG)

Yarbrough Capital LLC purchased a new position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 27,702 shares of the company's stock, valued at approximately $366,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GCMG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of GCM Grosvenor by 4.4% during the fourth 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 during the last quarter. Blair William & Co. IL grew its position in shares of GCM Grosvenor by 0.6% during the fourth quarter. Blair William & Co. IL now owns 225,695 shares of the company's stock worth $2,769,000 after acquiring an additional 1,270 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of GCM Grosvenor by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 123,112 shares of the company's stock worth $1,511,000 after acquiring an additional 2,795 shares during the last quarter. Mariner LLC boosted its position in shares of GCM Grosvenor by 17.2% during the fourth quarter. Mariner LLC now owns 19,781 shares of the company's stock worth $243,000 after buying an additional 2,909 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of GCM Grosvenor by 5.0% during the first quarter. Rhumbline Advisers now owns 61,392 shares of the company's stock worth $812,000 after buying an additional 2,930 shares during the period. 99.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

GCM Grosvenor Stock Performance

NASDAQ:GCMG traded down $0.19 during trading hours on Wednesday, hitting $12.25. 298,930 shares of the company's stock traded hands, compared to its average volume of 422,976. The firm has a market cap of $2.38 billion, a P/E ratio of 408.33 and a beta of 0.73. GCM Grosvenor Inc. has a twelve month low of $9.40 and a twelve month high of $14.48. The stock's fifty day moving average price is $12.51 and its two-hundred day moving average price is $12.85.

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 given 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 yield of 3.59%. GCM Grosvenor's payout ratio is 314.29%.

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.