Trexquant Investment LP Purchases New Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

Trexquant Investment LP purchased a new stake in GCM Grosvenor Inc. (NASDAQ:GCMG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 81,639 shares of the company’s stock, valued at approximately $1,002,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GCMG. R Squared Ltd purchased a new stake in shares of GCM Grosvenor in the fourth quarter valued at about $57,000. Quantbot Technologies LP raised its holdings in shares of GCM Grosvenor by 1,474.0% in the fourth quarter. Quantbot Technologies LP now owns 9,334 shares of the company’s stock valued at $115,000 after buying an additional 8,741 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of GCM Grosvenor in the fourth quarter valued at about $127,000. Truist Financial Corp purchased a new stake in shares of GCM Grosvenor in the fourth quarter valued at about $157,000. Finally, Longboard Asset Management LP purchased a new stake in shares of GCM Grosvenor in the fourth quarter valued at about $166,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

GCM Grosvenor Stock Down 0.7 %

NASDAQ GCMG opened at $12.47 on Friday. The stock has a market capitalization of $2.36 billion, a P/E ratio of 415.67 and a beta of 0.65. GCM Grosvenor Inc. has a 52-week low of $9.18 and a 52-week high of $14.48. The firm has a 50-day moving average price of $13.34 and a 200 day moving average price of $12.58.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.21 earnings per share (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%. On average, equities research analysts expect that GCM Grosvenor Inc. will post 0.64 earnings per share for the current fiscal year.

GCM Grosvenor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.53%. GCM Grosvenor’s dividend payout ratio (DPR) is presently 1,466.67%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GCMG shares. UBS Group upped their target price on shares of GCM Grosvenor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Oppenheimer upped 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. Finally, Piper Sandler cut their price target on shares of GCM Grosvenor from $16.00 to $14.50 and set an “overweight” rating for the company in a report on Tuesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.20.

About GCM Grosvenor

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.