37,493 Shares in GCM Grosvenor Inc. (NASDAQ:GCMG) Purchased by Quest Partners LLC

Quest Partners LLC acquired a new stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 37,493 shares of the company’s stock, valued at approximately $424,000.

Several other large investors have also bought and sold shares of the company. Quadrature Capital Ltd increased its position in shares of 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 acquiring an additional 1,364 shares in the last quarter. Rhumbline Advisers raised its stake in shares of GCM Grosvenor by 2.4% in the second quarter. Rhumbline Advisers now owns 58,772 shares of the company’s stock worth $574,000 after purchasing an additional 1,402 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 in the last quarter. Prime Capital Investment Advisors LLC boosted its position in shares of GCM Grosvenor by 3.5% during the third quarter. Prime Capital Investment Advisors LLC now owns 108,109 shares of the company’s stock valued at $1,224,000 after buying an additional 3,617 shares during the last quarter. Finally, Copeland Capital Management LLC bought a new stake in GCM Grosvenor in the 3rd quarter worth about $58,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GCMG shares. UBS Group upped their target price on shares of GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. TD Cowen downgraded shares of GCM Grosvenor from a “buy” rating to a “hold” rating and cut their target price for the stock from $13.50 to $12.50 in a research report on Monday, November 11th. Piper Sandler boosted their target price on shares of GCM Grosvenor from $10.50 to $11.50 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Oppenheimer increased their price target on GCM Grosvenor from $14.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. reduced their price objective on GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, GCM Grosvenor currently has a consensus 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 firm’s stock in a transaction that occurred on 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 owns 47,307 shares in the company, valued at approximately $507,604.11. This trade represents a 9.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 77.30% of the stock is currently owned by corporate insiders.

GCM Grosvenor Trading Up 0.7 %

GCMG opened at $12.33 on Monday. GCM Grosvenor Inc. has a 1-year low of $8.04 and a 1-year high of $12.58. The firm’s 50 day simple moving average is $11.58 and its two-hundred day simple moving average is $10.74. The company has a market capitalization of $2.33 billion, a PE ratio of -205.50 and a beta of 0.54.

GCM Grosvenor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.11 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.44 annualized dividend and a yield of 3.57%. GCM Grosvenor’s dividend payout ratio (DPR) is presently -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.