27,702 Shares in GCM Grosvenor Inc. (NASDAQ:GCMG) Acquired by Yarbrough Capital LLC

Yarbrough Capital LLC purchased a new position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 27,702 shares of the company's stock, valued at approximately $366,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its stake in GCM Grosvenor by 9.7% during the 4th quarter. Ameriprise Financial Inc. now owns 5,892,934 shares of the company's stock worth $72,306,000 after purchasing an additional 519,226 shares during the period. Bamco Inc. NY raised its holdings 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 buying an additional 450,000 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of GCM Grosvenor by 2,277.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 402,094 shares of the company's stock worth $4,934,000 after buying an additional 385,182 shares during the period. Two Sigma Advisers LP boosted its stake in shares of GCM Grosvenor by 893.7% during the fourth quarter. Two Sigma Advisers LP now owns 251,400 shares of the company's stock worth $3,085,000 after buying an additional 226,100 shares during the period. Finally, Granite Investment Partners LLC purchased a new position in shares of GCM Grosvenor during the fourth quarter worth about $2,200,000. Hedge funds and other institutional investors own 99.95% of the company's stock.

GCM Grosvenor Stock Performance

GCMG traded up $0.13 during trading on Monday, reaching $12.63. The company's stock had a trading volume of 348,044 shares, compared to its average volume of 305,132. The company's fifty day moving average price is $12.53 and its 200-day moving average price is $12.85. GCM Grosvenor Inc. has a 52-week low of $9.25 and a 52-week high of $14.48. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 421.00 and a beta of 0.73.

GCM Grosvenor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.48%. GCM Grosvenor's dividend payout ratio (DPR) is presently 314.29%.

Wall Street Analysts Forecast Growth

GCMG has been the subject of a number of recent research reports. Piper Sandler decreased 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. Oppenheimer increased their price target on GCM Grosvenor from $16.00 to $17.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, UBS Group lifted their price objective on shares of GCM Grosvenor from $13.00 to $14.00 and gave the company a "neutral" rating in a research 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 MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $13.60.

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.