Royce & Associates LP Has $43.77 Million Stake in GCM Grosvenor Inc. (NASDAQ:GCMG)

Royce & Associates LP decreased its holdings in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,866,952 shares of the company’s stock after selling 596,809 shares during the quarter. Royce & Associates LP owned about 2.05% of GCM Grosvenor worth $43,774,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Copeland Capital Management LLC acquired a new position in GCM Grosvenor during the third quarter valued at approximately $58,000. LRI Investments LLC acquired a new position in GCM Grosvenor during the first quarter valued at approximately $95,000. Price T Rowe Associates Inc. MD grew its holdings in GCM Grosvenor by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,461 shares of the company’s stock valued at $121,000 after purchasing an additional 2,341 shares during the period. Quadrature Capital Ltd grew its holdings in GCM Grosvenor by 10.5% during the first quarter. Quadrature Capital Ltd now owns 14,401 shares of the company’s stock valued at $139,000 after purchasing an additional 1,364 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in GCM Grosvenor during the second quarter valued at approximately $157,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Analyst Ratings Changes

GCMG has been the subject of a number of analyst reports. TD Cowen cut shares of GCM Grosvenor from a “buy” rating to a “hold” rating and decreased their price objective for the company from $13.50 to $12.50 in a report on Monday. Piper Sandler upped their price target on shares of GCM Grosvenor from $10.50 to $11.50 and gave the company a “neutral” rating in a report on Wednesday, October 9th. UBS Group upped their price target on shares of GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price target on shares of GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, Oppenheimer upped their price target on shares of GCM Grosvenor from $14.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, GCM Grosvenor has an average rating of “Hold” and an average target price of $12.80.

Insider Buying and Selling at GCM Grosvenor

In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 5,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $10.73, for a total transaction of $53,650.00. Following the sale, the insider now directly owns 47,307 shares in the company, valued at $507,604.11. This represents a 9.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 77.30% of the company’s stock.

GCM Grosvenor Trading Down 0.1 %

NASDAQ GCMG opened at $11.61 on Friday. The firm’s fifty day moving average price is $11.42 and its two-hundred day moving average price is $10.63. GCM Grosvenor Inc. has a 1 year low of $7.75 and a 1 year high of $12.43. The firm has a market capitalization of $2.19 billion, a P/E ratio of -193.50 and a beta of 0.54.

GCM Grosvenor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 3.79%. GCM Grosvenor’s dividend payout ratio is currently -733.33%.

GCM Grosvenor Profile

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.