Quantbot Technologies LP Takes Position in StepStone Group LP (NASDAQ:STEP)

Quantbot Technologies LP acquired a new position in shares of StepStone Group LP (NASDAQ:STEP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 64,385 shares of the company’s stock, valued at approximately $3,727,000. Quantbot Technologies LP owned 0.06% of StepStone Group as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC bought a new stake in shares of StepStone Group in the 4th quarter worth approximately $27,000. Raleigh Capital Management Inc. acquired a new stake in StepStone Group in the fourth quarter worth $29,000. IFP Advisors Inc bought a new stake in StepStone Group in the fourth quarter valued at $36,000. Amundi boosted its holdings in shares of StepStone Group by 26.7% during the fourth quarter. Amundi now owns 730 shares of the company’s stock valued at $42,000 after acquiring an additional 154 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of StepStone Group by 36.6% during the fourth quarter. GAMMA Investing LLC now owns 844 shares of the company’s stock worth $49,000 after acquiring an additional 226 shares during the last quarter. Institutional investors own 55.54% of the company’s stock.

Analyst Upgrades and Downgrades

STEP has been the topic of several recent research reports. Oppenheimer lifted their price objective on shares of StepStone Group from $81.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Evercore ISI boosted their price objective on StepStone Group from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, Barclays increased their price objective on StepStone Group from $66.00 to $69.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, StepStone Group currently has a consensus rating of “Hold” and a consensus price target of $69.21.

Insider Buying and Selling

In other StepStone Group news, CAO Anthony Keathley sold 538 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $63.00, for a total value of $33,894.00. Following the completion of the transaction, the chief accounting officer now directly owns 1,386 shares in the company, valued at $87,318. This trade represents a 27.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Scott W. Hart sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.43, for a total transaction of $614,300.00. Following the sale, the chief executive officer now owns 110,000 shares in the company, valued at $6,757,300. This represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. 18.44% of the stock is currently owned by company insiders.

StepStone Group Stock Performance

Shares of NASDAQ:STEP opened at $53.87 on Friday. The company has a market capitalization of $6.25 billion, a PE ratio of -31.88 and a beta of 1.33. The stock has a fifty day moving average of $59.39 and a 200-day moving average of $59.92. StepStone Group LP has a one year low of $33.90 and a one year high of $70.38.

StepStone Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.78%. StepStone Group’s dividend payout ratio (DPR) is -56.80%.

StepStone Group Profile

StepStone Group Inc is a private equity and venture capital firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies.