GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. reduced its position in GCM Grosvenor Inc. (NASDAQ:GCMG) by 2.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 722,994 shares of the company’s stock after selling 16,233 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.38% of GCM Grosvenor worth $7,056,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in GCM Grosvenor during the 4th quarter worth approximately $117,000. Wasatch Advisors LP raised its position in GCM Grosvenor by 111.5% in the first quarter. Wasatch Advisors LP now owns 2,342,156 shares of the company’s stock worth $22,625,000 after acquiring an additional 1,234,505 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in GCM Grosvenor in the first quarter valued at $873,000. Russell Investments Group Ltd. boosted its position in shares of GCM Grosvenor by 23.7% during the 1st quarter. Russell Investments Group Ltd. now owns 681,202 shares of the company’s stock worth $6,580,000 after purchasing an additional 130,547 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in shares of GCM Grosvenor by 35.6% during the 1st quarter. Blair William & Co. IL now owns 164,442 shares of the company’s stock worth $1,589,000 after purchasing an additional 43,207 shares during the period. 99.95% of the stock is owned by institutional investors and hedge funds.

GCM Grosvenor Trading Down 1.3 %

NASDAQ:GCMG opened at $11.34 on Friday. GCM Grosvenor Inc. has a twelve month low of $7.52 and a twelve month high of $11.60. The company has a market capitalization of $2.14 billion, a P/E ratio of -35.44 and a beta of 0.54. The firm has a 50-day moving average price of $10.88 and a two-hundred day moving average price of $10.06.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. GCM Grosvenor had a negative return on equity of 73.82% and a net margin of 3.46%. The firm had revenue of $116.95 million during the quarter, compared to the consensus estimate of $117.12 million. On average, equities research analysts predict that GCM Grosvenor Inc. will post 0.5 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Tuesday, September 3rd. GCM Grosvenor’s dividend payout ratio is presently -137.50%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GCMG. JPMorgan Chase & Co. reduced their price objective on shares of GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. TD Cowen boosted their price target on GCM Grosvenor from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Oppenheimer dropped their price objective on GCM Grosvenor from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.60.

Insider Activity at GCM Grosvenor

In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 5,000 shares of the firm’s 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 of the company’s stock, valued at approximately $507,604.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 77.30% of the stock is currently owned by corporate insiders.

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.