GCM Grosvenor Inc. (NASDAQ:GCMG) Stock Holdings Lowered by Royce & Associates LP

Royce & Associates LP reduced its holdings in GCM Grosvenor Inc. (NASDAQ:GCMG) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,350,751 shares of the company’s stock after selling 516,201 shares during the quarter. Royce & Associates LP owned 1.77% of GCM Grosvenor worth $41,114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wasatch Advisors LP raised its holdings in shares of GCM Grosvenor by 0.9% in the 3rd quarter. Wasatch Advisors LP now owns 3,186,987 shares of the company’s stock worth $36,077,000 after purchasing an additional 29,382 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of GCM Grosvenor by 3.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,485,933 shares of the company’s stock worth $28,141,000 after acquiring an additional 87,010 shares in the last quarter. Bamco Inc. NY purchased a new position in shares of GCM Grosvenor in the third quarter worth approximately $19,810,000. State Street Corp increased its position in shares of GCM Grosvenor by 2.0% in the third quarter. State Street Corp now owns 1,053,204 shares of the company’s stock worth $11,922,000 after acquiring an additional 20,225 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of GCM Grosvenor by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company’s stock worth $11,375,000 after acquiring an additional 2,607 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors.

GCM Grosvenor Stock Up 1.7 %

NASDAQ GCMG opened at $12.89 on Friday. The stock has a market capitalization of $2.44 billion, a PE ratio of 429.67 and a beta of 0.58. The company has a 50 day moving average price of $13.41 and a two-hundred day moving average price of $12.30. GCM Grosvenor Inc. has a 12-month low of $8.80 and a 12-month high of $14.48.

GCM Grosvenor (NASDAQ:GCMG) last posted 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 net margin of 3.64% and a negative return on equity of 101.23%. As a group, equities analysts anticipate that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

GCM Grosvenor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Monday, March 3rd. GCM Grosvenor’s dividend payout ratio (DPR) is presently 1,466.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GCMG. Piper Sandler raised shares of GCM Grosvenor from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $12.50 to $14.00 in a research report on Monday, December 23rd. UBS Group lifted their target price on shares of GCM Grosvenor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, Oppenheimer boosted their price objective on shares of GCM Grosvenor from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $14.10.

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.