Ariel Investments LLC Raises Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

Ariel Investments LLC lifted its position in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,546,096 shares of the company's stock after buying an additional 66,016 shares during the quarter. Ariel Investments LLC owned approximately 2.41% of GCM Grosvenor worth $44,370,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Quadrature Capital Ltd purchased a new position in shares of GCM Grosvenor during the 4th quarter valued at $117,000. Wasatch Advisors LP raised its holdings in shares of GCM Grosvenor by 111.5% in the 1st quarter. Wasatch Advisors LP now owns 2,342,156 shares of the company's stock valued at $22,625,000 after acquiring an additional 1,234,505 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of GCM Grosvenor during the 1st quarter valued at about $873,000. Russell Investments Group Ltd. grew its holdings in shares of GCM Grosvenor by 23.7% during the first quarter. Russell Investments Group Ltd. now owns 681,202 shares of the company's stock worth $6,580,000 after purchasing an additional 130,547 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of GCM Grosvenor by 35.6% during the first quarter. Blair William & Co. IL now owns 164,442 shares of the company's stock worth $1,589,000 after purchasing an additional 43,207 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on GCMG. Oppenheimer dropped their target price on shares of GCM Grosvenor from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. cut their target price on shares of GCM Grosvenor from $10.50 to $10.00 and set a "neutral" rating for the company in a research report on Monday, August 12th. Finally, TD Cowen raised their price target on GCM Grosvenor from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, August 9th. 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, the company has a consensus rating of "Hold" and a consensus target price of $11.60.

GCM Grosvenor Stock Performance

Shares of GCMG stock traded down $0.15 on Thursday, hitting $11.34. 116,683 shares of the company's stock traded hands, compared to its average volume of 177,035. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -35.91 and a beta of 0.54. The company's fifty day simple moving average is $10.87 and its 200 day simple moving average is $10.05. GCM Grosvenor Inc. has a one year low of $7.52 and a one year high of $11.60.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $116.95 million for the quarter, compared to the consensus estimate of $117.12 million. GCM Grosvenor had a negative return on equity of 73.82% and a net margin of 3.46%. As a group, sell-side analysts anticipate that GCM Grosvenor Inc. will post 0.5 earnings per share for the current fiscal year.

GCM Grosvenor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.88%. The ex-dividend date was Tuesday, September 3rd. GCM Grosvenor's dividend payout ratio is -137.50%.

Insider Transactions at GCM Grosvenor

In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 5,000 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $10.73, for a total transaction of $53,650.00. Following the completion of the sale, the insider now owns 47,307 shares of the company's stock, valued at approximately $507,604.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 77.30% of the company's stock.

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.