GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC cut its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,045 shares of the company’s stock after selling 5,706 shares during the period. Taylor Frigon Capital Management LLC’s holdings in GCM Grosvenor were worth $2,001,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GCMG. Bamco Inc. NY acquired a new stake in shares of GCM Grosvenor during the third quarter valued at about $19,810,000. Massachusetts Financial Services Co. MA increased its position in shares of GCM Grosvenor by 3.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,485,933 shares of the company’s stock valued at $28,141,000 after acquiring an additional 87,010 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of GCM Grosvenor by 232.0% during the third quarter. JPMorgan Chase & Co. now owns 100,980 shares of the company’s stock valued at $1,143,000 after acquiring an additional 70,565 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of GCM Grosvenor by 86,424.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 59,702 shares of the company’s stock valued at $733,000 after purchasing an additional 59,633 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of GCM Grosvenor by 56.9% in the third quarter. Barclays PLC now owns 113,823 shares of the company’s stock valued at $1,288,000 after purchasing an additional 41,259 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

GCM Grosvenor Stock Down 0.5 %

NASDAQ GCMG opened at $13.89 on Thursday. GCM Grosvenor Inc. has a 52 week low of $8.31 and a 52 week high of $14.48. The stock has a market capitalization of $2.63 billion, a PE ratio of 462.83 and a beta of 0.56. The firm has a 50 day moving average of $13.18 and a two-hundred day moving average of $12.10.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.21 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 company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Monday, March 3rd. GCM Grosvenor’s dividend payout ratio (DPR) is presently 1,466.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GCMG. TD Cowen cut shares of GCM Grosvenor from a “buy” rating to a “hold” rating and dropped their price objective for the company from $13.50 to $12.50 in a report on Monday, November 11th. UBS Group lifted their price objective 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 lifted their price objective 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 upgraded shares of GCM Grosvenor from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $12.50 to $14.00 in a report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, GCM Grosvenor has an average rating of “Hold” and a consensus price target of $14.10.

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.