ClearAlpha Technologies LP Takes Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

ClearAlpha Technologies LP acquired a new stake in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,268 shares of the company's stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp lifted its holdings in GCM Grosvenor by 2.0% during the 3rd quarter. State Street Corp now owns 1,053,204 shares of the company's stock valued at $11,922,000 after purchasing an additional 20,225 shares during the last quarter. Barclays PLC lifted its stake in shares of GCM Grosvenor by 56.9% during the 3rd quarter. Barclays PLC now owns 113,823 shares of the company's stock worth $1,288,000 after buying an additional 41,259 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of GCM Grosvenor by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company's stock worth $11,375,000 after buying an additional 2,607 shares during the period. JPMorgan Chase & Co. grew its stake in GCM Grosvenor by 232.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 100,980 shares of the company's stock valued at $1,143,000 after buying an additional 70,565 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in GCM Grosvenor by 20.1% during the fourth quarter. SG Americas Securities LLC now owns 20,223 shares of the company's stock worth $248,000 after acquiring an additional 3,379 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors.

GCM Grosvenor Price Performance

GCM Grosvenor stock traded down $0.03 during mid-day trading on Friday, reaching $12.39. 257,421 shares of the company were exchanged, compared to its average volume of 271,523. The company has a fifty day simple moving average of $13.08 and a 200-day simple moving average of $12.64. The firm has a market cap of $2.34 billion, a PE ratio of 413.00 and a beta of 0.65. GCM Grosvenor Inc. has a 12 month low of $9.25 and a 12 month high of $14.48.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). GCM Grosvenor had a net margin of 3.64% and a negative return on equity of 101.23%. Sell-side analysts anticipate that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 3.55%. 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 recently weighed in on GCMG. Piper Sandler lowered their target price on GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. UBS Group upped their price target on shares of GCM Grosvenor from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.