5,385 Shares in StepStone Group LP (NASDAQ:STEP) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in StepStone Group LP (NASDAQ:STEP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,385 shares of the company’s stock, valued at approximately $312,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of STEP. Steward Partners Investment Advisory LLC bought a new stake in StepStone Group in the fourth quarter valued at approximately $27,000. Raleigh Capital Management Inc. acquired a new position in shares of StepStone Group in the fourth quarter valued at approximately $29,000. IFP Advisors Inc acquired a new position in shares of StepStone Group in the fourth quarter valued at approximately $36,000. Amundi grew its position in shares of StepStone Group by 26.7% in 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 last quarter. Finally, GAMMA Investing LLC grew its position in shares of StepStone Group by 36.6% in the fourth quarter. GAMMA Investing LLC now owns 844 shares of the company’s stock valued at $49,000 after purchasing an additional 226 shares during the last quarter. Institutional investors own 55.54% of the company’s stock.

StepStone Group Stock Performance

Shares of STEP opened at $48.74 on Thursday. StepStone Group LP has a 52 week low of $34.64 and a 52 week high of $70.38. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of -28.84 and a beta of 1.36. The stock has a fifty day moving average of $55.76 and a 200-day moving average of $59.56.

StepStone Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Friday, February 28th. StepStone Group’s payout ratio is -56.80%.

Insider Activity

In related news, CAO Anthony Keathley sold 538 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $63.00, for a total transaction 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 $87,318. This trade represents a 27.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott W. Hart sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.43, for a total value of $614,300.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 18.44% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

STEP has been the topic of a number of analyst reports. Oppenheimer increased their price target on StepStone Group from $81.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays reduced their price target on StepStone Group from $69.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Evercore ISI increased their price target on StepStone Group from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, StepStone Group presently has an average rating of “Hold” and a consensus target price of $66.21.

About StepStone Group

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.