Royce & Associates LP Sells 516,201 Shares of GCM Grosvenor Inc. (NASDAQ:GCMG)

Royce & Associates LP reduced its position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,350,751 shares of the company's stock after selling 516,201 shares during the quarter. Royce & Associates LP owned 1.77% of GCM Grosvenor worth $41,114,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of GCM Grosvenor during the fourth quarter valued at $57,000. Bleakley Financial Group LLC purchased a new position in GCM Grosvenor during the 4th quarter valued at about $127,000. Truist Financial Corp acquired a new position in shares of GCM Grosvenor in the 4th quarter valued at about $157,000. Longboard Asset Management LP purchased a new stake in shares of GCM Grosvenor in the fourth quarter worth approximately $166,000. Finally, Fifth Third Bancorp acquired a new stake in shares of GCM Grosvenor during the fourth quarter worth approximately $199,000. Hedge funds and other institutional investors own 99.95% of the company's stock.

GCM Grosvenor Trading Down 0.7 %

NASDAQ GCMG traded down $0.10 during trading on Thursday, reaching $13.31. The company's stock had a trading volume of 147,126 shares, compared to its average volume of 236,758. The stock has a market capitalization of $2.52 billion, a PE ratio of 443.67 and a beta of 0.58. GCM Grosvenor Inc. has a 1-year low of $8.83 and a 1-year high of $14.48. The business has a 50-day moving average price of $13.44 and a 200-day moving average price of $12.35.

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GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last released its quarterly earnings data 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 net margin of 3.64% and a negative return on equity of 101.23%. As a group, analysts expect that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.