Dynamic Technology Lab Private Ltd Invests $312,000 in StepStone Group LP (NASDAQ:STEP)

Dynamic Technology Lab Private Ltd bought a new stake in StepStone Group LP (NASDAQ:STEP) during the fourth quarter, HoldingsChannel reports. The fund bought 5,385 shares of the company’s stock, valued at approximately $312,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new position in shares of StepStone Group during the fourth quarter valued at approximately $27,000. Raleigh Capital Management Inc. purchased a new position in shares of StepStone Group during the 4th quarter valued at $29,000. IFP Advisors Inc purchased a new stake in StepStone Group in the 4th quarter worth $36,000. Amundi increased its holdings in shares of StepStone Group by 26.7% in the 4th quarter. Amundi now owns 730 shares of the company’s stock worth $42,000 after buying an additional 154 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in StepStone Group by 36.6% during the 4th quarter. GAMMA Investing LLC now owns 844 shares of the company’s stock valued at $49,000 after purchasing an additional 226 shares during the last quarter. 55.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on STEP shares. Evercore ISI upped their price target on shares of StepStone Group from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Oppenheimer increased their price objective on shares of StepStone Group from $81.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Barclays decreased their price target on shares of StepStone Group from $69.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, StepStone Group has a consensus rating of “Hold” and a consensus price target of $66.21.

StepStone Group Price Performance

STEP stock opened at $48.74 on Thursday. The company has a fifty day moving average price of $55.76 and a 200 day moving average price of $59.56. StepStone Group LP has a 12 month low of $34.64 and a 12 month high of $70.38. The company has a market cap of $5.65 billion, a price-to-earnings ratio of -28.84 and a beta of 1.36.

StepStone Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.97%. StepStone Group’s dividend payout ratio (DPR) is presently -56.80%.

Insider Transactions at StepStone Group

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

About StepStone Group

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.