MQS Management LLC Invests $186,000 in GCM Grosvenor Inc. $GCMG

MQS Management LLC bought a new position in GCM Grosvenor Inc. (NASDAQ:GCMG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,070 shares of the company’s stock, valued at approximately $186,000.

Several other large investors also recently modified their holdings of GCMG. R Squared Ltd grew its stake in shares of GCM Grosvenor by 161.4% in the first quarter. R Squared Ltd now owns 12,206 shares of the company’s stock worth $161,000 after purchasing an additional 7,536 shares during the last quarter. Argent Trust Co bought a new stake in shares of GCM Grosvenor in the first quarter worth about $172,000. EntryPoint Capital LLC grew its stake in shares of GCM Grosvenor by 10.2% in the first quarter. EntryPoint Capital LLC now owns 15,549 shares of the company’s stock worth $206,000 after purchasing an additional 1,438 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of GCM Grosvenor in the second quarter worth about $208,000. Finally, Jump Financial LLC bought a new stake in shares of GCM Grosvenor in the first quarter worth about $288,000. 99.95% of the stock is owned by institutional investors.

GCM Grosvenor Stock Down 0.8%

Shares of GCMG opened at $11.61 on Wednesday. The business’s 50 day moving average price is $12.34 and its 200-day moving average price is $12.26. GCM Grosvenor Inc. has a 52 week low of $10.91 and a 52 week high of $14.48. The stock has a market cap of $2.26 billion, a P/E ratio of 77.40 and a beta of 0.75.

GCM Grosvenor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. GCM Grosvenor’s payout ratio is currently 293.33%.

Insider Activity at GCM Grosvenor

In other news, insider Kathleen Patricia Sullivan sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $13.02, for a total value of $78,120.00. Following the sale, the insider directly owned 60,195 shares of the company’s stock, valued at $783,738.90. The trade was a 9.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 77.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GCMG shares. Piper Sandler cut their target price on GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GCM Grosvenor in a research report on Wednesday, October 8th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of GCM Grosvenor in a research report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, GCM Grosvenor has a consensus rating of “Hold” and an average price target of $14.88.

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.