Nebula Research & Development LLC Increases Stock Holdings in GCM Grosvenor Inc. (NASDAQ:GCMG)

Nebula Research & Development LLC boosted its stake in GCM Grosvenor Inc. (NASDAQ:GCMG) by 69.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,832 shares of the company’s stock after buying an additional 15,955 shares during the quarter. Nebula Research & Development LLC’s holdings in GCM Grosvenor were worth $476,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of GCM Grosvenor in the fourth quarter valued at about $57,000. Quantbot Technologies LP increased its stake in GCM Grosvenor by 1,474.0% in the 4th quarter. Quantbot Technologies LP now owns 9,334 shares of the company’s stock valued at $115,000 after buying an additional 8,741 shares during the last quarter. Bleakley Financial Group LLC bought a new position in shares of GCM Grosvenor during the 4th quarter worth approximately $127,000. Truist Financial Corp purchased a new position in shares of GCM Grosvenor in the 4th quarter worth approximately $157,000. Finally, Longboard Asset Management LP purchased a new stake in shares of GCM Grosvenor during the fourth quarter valued at approximately $166,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

GCM Grosvenor Stock Up 1.0 %

GCMG opened at $12.57 on Wednesday. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 419.00 and a beta of 0.65. The firm has a 50-day moving average price of $12.97 and a 200-day moving average price of $12.68. GCM Grosvenor Inc. has a twelve month low of $9.25 and a twelve 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 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 expect that GCM Grosvenor Inc. will post 0.64 earnings per share for the current fiscal year.

GCM Grosvenor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 3.50%. The ex-dividend date of this dividend was Monday, March 3rd. GCM Grosvenor’s dividend payout ratio is presently 1,466.67%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GCMG. Piper Sandler reduced their price objective 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.20.

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.