Intech Investment Management LLC Takes $290,000 Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

Intech Investment Management LLC acquired a new position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,602 shares of the company's stock, valued at approximately $290,000.

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

GCM Grosvenor Stock Performance

Shares of GCM Grosvenor stock traded down $0.19 during trading on Friday, reaching $13.25. 344,274 shares of the company's stock were exchanged, compared to its average volume of 246,051. GCM Grosvenor Inc. has a 1-year low of $8.88 and a 1-year high of $14.48. The company has a market cap of $2.51 billion, a P/E ratio of 441.67 and a beta of 0.58. The firm's 50-day moving average price is $13.50 and its 200 day moving average price is $12.49.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported $0.21 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%. As a group, equities research analysts predict that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

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GCM Grosvenor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Monday, March 3rd. GCM Grosvenor's payout ratio is 1,466.67%.

Analyst Upgrades and Downgrades

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