ClearAlpha Technologies LP Makes New $261,000 Investment in GCM Grosvenor Inc. (NASDAQ:GCMG)

ClearAlpha Technologies LP purchased a new stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 21,268 shares of the company’s stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Granite Investment Partners LLC purchased a new stake in shares of GCM Grosvenor in the 4th quarter worth $2,200,000. American Century Companies Inc. purchased a new stake in GCM Grosvenor in the 4th quarter worth $1,437,000. Arrowstreet Capital Limited Partnership raised its holdings in GCM Grosvenor by 40.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 404,562 shares of the company’s stock valued at $4,964,000 after acquiring an additional 115,546 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of GCM Grosvenor by 231.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 145,413 shares of the company’s stock valued at $1,785,000 after acquiring an additional 101,573 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of GCM Grosvenor by 87.1% in the fourth quarter. JPMorgan Chase & Co. now owns 188,925 shares of the company’s stock valued at $2,318,000 after acquiring an additional 87,945 shares in the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

GCM Grosvenor Price Performance

NASDAQ:GCMG opened at $12.32 on Monday. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 410.67 and a beta of 0.65. GCM Grosvenor Inc. has a 1 year low of $9.25 and a 1 year high of $14.48. The stock’s 50 day simple moving average is $13.20 and its two-hundred day simple moving average is $12.63.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.21 earnings per share 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%. As a group, analysts anticipate that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

GCM Grosvenor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Monday, March 3rd. GCM Grosvenor’s payout ratio is 1,466.67%.

Analyst Upgrades and Downgrades

GCMG has been the topic of several recent analyst reports. UBS Group lifted their target price on GCM Grosvenor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Piper Sandler lowered their target price on shares of GCM Grosvenor from $16.00 to $14.50 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, GCM Grosvenor presently has a consensus 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.