Susquehanna Fundamental Investments LLC Takes Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

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

Other hedge funds have also recently added to or reduced their stakes in the company. Nebula Research & Development LLC lifted its holdings in shares of GCM Grosvenor by 69.7% during the fourth quarter. Nebula Research & Development LLC now owns 38,832 shares of the company's stock worth $476,000 after buying an additional 15,955 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of GCM Grosvenor by 22.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,951 shares of the company's stock valued at $208,000 after buying an additional 3,082 shares during the period. Hsbc Holdings PLC grew its position in GCM Grosvenor by 38.1% during the fourth quarter. Hsbc Holdings PLC now owns 51,675 shares of the company's stock worth $635,000 after buying an additional 14,269 shares in the last quarter. ClearAlpha Technologies LP bought a new position in GCM Grosvenor during the fourth quarter valued at about $261,000. Finally, Dimensional Fund Advisors LP raised its holdings in GCM Grosvenor by 231.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 145,413 shares of the company's stock valued at $1,785,000 after acquiring an additional 101,573 shares in the last quarter. Institutional investors own 99.95% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on GCMG shares. Piper Sandler cut their target price on GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group raised their price objective on shares of GCM Grosvenor from $13.00 to $14.00 and gave the stock a "neutral" rating in a 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $14.20.

GCM Grosvenor Price Performance

Shares of NASDAQ:GCMG opened at $12.75 on Monday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 425.00 and a beta of 0.74. The business's fifty day moving average price is $12.88 and its two-hundred day moving average price is $12.71. GCM Grosvenor Inc. has a fifty-two week low of $9.25 and a fifty-two week 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 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Monday, March 3rd. GCM Grosvenor's payout ratio is currently 1,466.67%.

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.

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