Martingale Asset Management L P Acquires 3,623 Shares of GCM Grosvenor Inc. (NASDAQ:GCMG)

Martingale Asset Management L P lifted its holdings in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 6.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 62,644 shares of the company’s stock after purchasing an additional 3,623 shares during the period. Martingale Asset Management L P’s holdings in GCM Grosvenor were worth $769,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Blair William & Co. IL boosted its position in 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 buying an additional 1,270 shares during the period. Geode Capital Management LLC boosted its holdings in GCM Grosvenor by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company’s stock valued at $11,375,000 after acquiring an additional 2,607 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in GCM Grosvenor by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 123,112 shares of the company’s stock valued at $1,511,000 after acquiring an additional 2,795 shares during the period. Rhumbline Advisers grew its position in GCM Grosvenor by 5.6% during the 4th quarter. Rhumbline Advisers now owns 58,462 shares of the company’s stock worth $717,000 after acquiring an additional 3,111 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in GCM Grosvenor by 20.1% in the 4th quarter. SG Americas Securities LLC now owns 20,223 shares of the company’s stock worth $248,000 after purchasing an additional 3,379 shares during the period. Hedge funds and other institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Stock Performance

Shares of GCMG stock opened at $12.64 on Friday. The firm has a market cap of $2.39 billion, a P/E ratio of 421.33 and a beta of 0.65. The business’s 50 day moving average price is $13.32 and its 200-day moving average price is $12.59. GCM Grosvenor Inc. has a fifty-two week low of $9.18 and a fifty-two week high of $14.48.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings results on Monday, February 10th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate 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 predict that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

GCM Grosvenor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Monday, March 3rd. GCM Grosvenor’s dividend payout ratio is currently 1,466.67%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group raised their target price 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. Piper Sandler cut their price target on shares of GCM Grosvenor from $16.00 to $14.50 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.