PDT Partners LLC grew its holdings in StepStone Group LP (NASDAQ:STEP - Free Report) by 54.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,017 shares of the company's stock after acquiring an additional 15,188 shares during the period. PDT Partners LLC's holdings in StepStone Group were worth $2,490,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in STEP. Steward Partners Investment Advisory LLC acquired a new stake in shares of StepStone Group in the fourth quarter valued at about $27,000. Raleigh Capital Management Inc. purchased a new position in StepStone Group in the 4th quarter worth approximately $29,000. IFP Advisors Inc acquired a new stake in StepStone Group in the fourth quarter valued at approximately $36,000. Amundi raised its stake in shares of StepStone Group by 26.7% during the fourth quarter. Amundi now owns 730 shares of the company's stock valued at $42,000 after purchasing an additional 154 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of StepStone Group by 36.6% during the fourth quarter. GAMMA Investing LLC now owns 844 shares of the company's stock worth $49,000 after purchasing an additional 226 shares in the last quarter. 55.54% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on STEP shares. Evercore ISI raised their price target on shares of StepStone Group from $63.00 to $69.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Barclays lowered their target price on StepStone Group from $69.00 to $48.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Morgan Stanley cut their price target on StepStone Group from $66.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, Oppenheimer set a $67.00 price objective on StepStone Group and gave the company an "outperform" rating in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, StepStone Group presently has an average rating of "Hold" and an average price target of $61.64.
Read Our Latest Research Report on StepStone Group
Insider Buying and Selling
In other news, CAO Anthony Keathley sold 538 shares of StepStone Group stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $63.00, for a total value of $33,894.00. Following the completion of the transaction, the chief accounting officer now directly owns 1,386 shares of the company's stock, valued at approximately $87,318. The trade was a 27.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Scott W. Hart sold 10,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.43, for a total transaction of $614,300.00. Following the sale, the chief executive officer now directly owns 110,000 shares of the company's stock, valued at approximately $6,757,300. This represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. 18.44% of the stock is currently owned by company insiders.
StepStone Group Trading Down 0.9 %
StepStone Group stock traded down $0.50 during midday trading on Monday, hitting $54.10. The stock had a trading volume of 98,600 shares, compared to its average volume of 607,880. The business has a fifty day moving average price of $51.29 and a 200 day moving average price of $58.31. StepStone Group LP has a 12 month low of $36.97 and a 12 month high of $70.38. The stock has a market cap of $6.27 billion, a P/E ratio of -31.99 and a beta of 1.37.
StepStone Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.77%. The ex-dividend date was Friday, February 28th. StepStone Group's dividend payout ratio (DPR) is presently -56.80%.
StepStone Group Company Profile
(
Free Report)
StepStone Group Inc is a private equity and venture capital firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies.
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