AlphaQuest LLC Decreases Stock Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

AlphaQuest LLC lowered its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 60.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,775 shares of the company's stock after selling 22,718 shares during the period. AlphaQuest LLC's holdings in GCM Grosvenor were worth $181,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of GCM Grosvenor during the 4th quarter valued at about $57,000. Bleakley Financial Group LLC purchased a new position in GCM Grosvenor during the fourth quarter worth about $127,000. Truist Financial Corp acquired a new position in GCM Grosvenor in the 4th quarter valued at about $157,000. Longboard Asset Management LP acquired a new position in GCM Grosvenor in the 4th quarter valued at about $166,000. Finally, Fifth Third Bancorp purchased a new stake in shares of GCM Grosvenor during the 4th quarter valued at approximately $199,000. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GCMG has been the subject of several analyst reports. Piper Sandler upgraded GCM Grosvenor from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $12.50 to $14.00 in a research report on Monday, December 23rd. Oppenheimer increased their price target on GCM Grosvenor from $18.00 to $20.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Finally, UBS Group boosted their price objective on shares of GCM Grosvenor from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $14.10.

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GCM Grosvenor Stock Down 0.7 %

NASDAQ:GCMG traded down $0.10 during trading hours on Thursday, reaching $13.31. 147,125 shares of the stock were exchanged, compared to its average volume of 236,758. GCM Grosvenor Inc. has a twelve month low of $8.83 and a twelve month high of $14.48. The business has a 50-day moving average of $13.44 and a two-hundred day moving average of $12.35. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 443.67 and a beta of 0.58.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) 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, research analysts forecast that GCM Grosvenor Inc. will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Monday, March 3rd. GCM Grosvenor's dividend payout ratio (DPR) is currently 1,466.67%.

GCM Grosvenor 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.