R Squared Ltd Raises Holdings in GCM Grosvenor Inc. $GCMG

R Squared Ltd boosted its holdings in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 122.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 27,196 shares of the company’s stock after acquiring an additional 14,990 shares during the quarter. R Squared Ltd’s holdings in GCM Grosvenor were worth $314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Argent Trust Co purchased a new position in GCM Grosvenor in the first quarter worth $172,000. EntryPoint Capital LLC grew its holdings in GCM Grosvenor by 10.2% in the first quarter. EntryPoint Capital LLC now owns 15,549 shares of the company’s stock worth $206,000 after purchasing an additional 1,438 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in GCM Grosvenor in the second quarter worth $208,000. Jump Financial LLC purchased a new position in GCM Grosvenor in the first quarter worth $288,000. Finally, Teza Capital Management LLC purchased a new position in GCM Grosvenor in the first quarter worth $327,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $13.02, for a total value of $78,120.00. Following the sale, the insider directly owned 60,195 shares of the company’s stock, valued at approximately $783,738.90. This represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 76.40% of the company’s stock.

GCM Grosvenor Trading Up 0.4%

NASDAQ:GCMG opened at $11.71 on Friday. GCM Grosvenor Inc. has a 12 month low of $10.91 and a 12 month high of $14.48. The firm has a fifty day simple moving average of $12.39 and a 200-day simple moving average of $12.27. The company has a market capitalization of $2.27 billion, a P/E ratio of 78.07 and a beta of 0.75.

GCM Grosvenor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. GCM Grosvenor’s dividend payout ratio is presently 293.33%.

Analyst Upgrades and Downgrades

GCMG has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GCM Grosvenor in a report on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating on shares of GCM Grosvenor in a report on Friday, August 8th. Finally, Piper Sandler cut their price target on shares of GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.88.

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.