GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC raised its position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,109 shares of the company’s stock after buying an additional 3,617 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in GCM Grosvenor were worth $1,224,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Copeland Capital Management LLC bought a new stake in shares of GCM Grosvenor in the 3rd quarter valued at approximately $58,000. LRI Investments LLC acquired a new position in GCM Grosvenor in the first quarter worth $95,000. Price T Rowe Associates Inc. MD increased its stake in GCM Grosvenor by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,461 shares of the company’s stock valued at $121,000 after purchasing an additional 2,341 shares during the last quarter. Quadrature Capital Ltd raised its holdings in shares of GCM Grosvenor by 10.5% during the first quarter. Quadrature Capital Ltd now owns 14,401 shares of the company’s stock worth $139,000 after purchasing an additional 1,364 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of GCM Grosvenor in the 2nd quarter worth about $157,000. Institutional investors own 99.95% of the company’s stock.

Insider Activity at GCM Grosvenor

In related news, insider Kathleen Patricia Sullivan sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $10.73, for a total value of $53,650.00. Following the sale, the insider now directly owns 47,307 shares in the company, valued at $507,604.11. The trade was a 9.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 77.30% of the company’s stock.

Analyst Ratings Changes

GCMG has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on shares of GCM Grosvenor from $10.50 to $11.50 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. UBS Group upped their target price on GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price target on GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. TD Cowen downgraded GCM Grosvenor from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $13.50 to $12.50 in a research note on Monday. Finally, Oppenheimer increased their target price on GCM Grosvenor from $14.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, GCM Grosvenor currently has a consensus rating of “Hold” and an average target price of $12.80.

GCM Grosvenor Stock Performance

Shares of GCMG opened at $11.61 on Friday. The stock’s fifty day moving average is $11.40 and its 200-day moving average is $10.62. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -193.67 and a beta of 0.54. GCM Grosvenor Inc. has a one year low of $7.75 and a one year high of $12.43.

GCM Grosvenor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Monday, December 2nd. GCM Grosvenor’s dividend payout ratio (DPR) is presently -733.33%.

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.