Susquehanna Fundamental Investments LLC Acquires Shares of 26,885 GCM Grosvenor Inc. (NASDAQ:GCMG)

Susquehanna Fundamental Investments LLC acquired a new position in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,885 shares of the company's stock, valued at approximately $330,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. R Squared Ltd acquired a new stake in GCM Grosvenor in the 4th quarter worth $57,000. Quantbot Technologies LP grew its position in GCM Grosvenor by 1,474.0% during the fourth quarter. Quantbot Technologies LP now owns 9,334 shares of the company's stock worth $115,000 after buying an additional 8,741 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in GCM Grosvenor during the fourth quarter worth about $127,000. Truist Financial Corp acquired a new position in GCM Grosvenor in the 4th quarter valued at approximately $157,000. Finally, Longboard Asset Management LP acquired a new position in GCM Grosvenor in the 4th quarter valued at approximately $166,000. Institutional investors own 99.95% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Piper Sandler decreased their price objective on GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Oppenheimer lifted their price target on shares of GCM Grosvenor from $16.00 to $17.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, UBS Group increased their price objective on shares of GCM Grosvenor from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $13.60.

GCM Grosvenor Stock Up 1.2 %

GCM Grosvenor stock traded up $0.15 during mid-day trading on Friday, hitting $12.49. 374,192 shares of the company were exchanged, compared to its average volume of 284,171. The company has a market capitalization of $2.36 billion, a PE ratio of 416.33 and a beta of 0.74. The business has a fifty day moving average of $12.75 and a 200 day moving average of $12.74. GCM Grosvenor Inc. has a 1-year low of $9.25 and a 1-year high of $14.48.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last announced its earnings results on Monday, February 10th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). GCM Grosvenor had a negative return on equity of 101.23% and a net margin of 3.64%. Research analysts expect that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Friday, June 6th. GCM Grosvenor's payout ratio is currently 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.