Wasatch Advisors LP Cuts Stock Holdings in GCM Grosvenor Inc. (NASDAQ:GCMG)

Wasatch Advisors LP cut its position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,148,562 shares of the company's stock after selling 38,425 shares during the quarter. Wasatch Advisors LP owned approximately 1.66% of GCM Grosvenor worth $38,633,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp grew its stake in shares of GCM Grosvenor by 2.0% during the third quarter. State Street Corp now owns 1,053,204 shares of the company's stock valued at $11,922,000 after buying an additional 20,225 shares during the last quarter. Geode Capital Management LLC increased its stake in GCM Grosvenor by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company's stock worth $11,375,000 after purchasing an additional 2,607 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in GCM Grosvenor by 40.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 404,562 shares of the company's stock valued at $4,964,000 after purchasing an additional 115,546 shares during the last quarter. Blair William & Co. IL boosted its stake 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 valued at $2,769,000 after purchasing an additional 1,270 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of GCM Grosvenor by 87.1% in the fourth quarter. JPMorgan Chase & Co. now owns 188,925 shares of the company's stock worth $2,318,000 after purchasing an additional 87,945 shares during the last quarter. 99.95% of the stock is owned by hedge funds and other institutional investors.

GCM Grosvenor Price Performance

GCM Grosvenor stock traded up $0.26 during mid-day trading on Tuesday, reaching $12.25. 39,011 shares of the company traded hands, compared to its average volume of 268,198. GCM Grosvenor Inc. has a 52-week low of $9.25 and a 52-week high of $14.48. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 408.37 and a beta of 0.65. The firm's 50 day moving average price is $13.17 and its 200 day moving average price is $12.64.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). GCM Grosvenor had a negative return on equity of 101.23% and a net margin of 3.64%. On average, sell-side analysts anticipate that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

GCM Grosvenor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Monday, March 3rd. GCM Grosvenor's dividend payout ratio is 1,466.67%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GCMG shares. UBS Group upped their price target on shares of GCM Grosvenor from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Piper Sandler dropped their target price on shares of GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, GCM Grosvenor presently has a consensus rating of "Hold" and an average target price of $14.20.

GCM Grosvenor Company 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.