EntryPoint Capital LLC Purchases Shares of 14,111 GCM Grosvenor Inc. (NASDAQ:GCMG)

EntryPoint Capital LLC acquired a new position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,111 shares of the company’s stock, valued at approximately $173,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GCMG. Charles Schwab Investment Management Inc. boosted its holdings in shares of GCM Grosvenor by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 120,317 shares of the company’s stock worth $1,362,000 after buying an additional 3,047 shares during the period. PDT Partners LLC bought a new stake in shares of GCM Grosvenor during the third quarter worth approximately $449,000. Wasatch Advisors LP boosted its holdings in shares of GCM Grosvenor by 0.9% during the third quarter. Wasatch Advisors LP now owns 3,186,987 shares of the company’s stock worth $36,077,000 after acquiring an additional 29,382 shares during the period. Bamco Inc. NY acquired a new position in shares of GCM Grosvenor in the third quarter valued at approximately $19,810,000. Finally, State Street Corp increased its stake in shares of GCM Grosvenor by 2.0% during the third quarter. State Street Corp now owns 1,053,204 shares of the company’s stock worth $11,922,000 after purchasing an additional 20,225 shares during the period. 99.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group upped their price objective on GCM Grosvenor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Piper Sandler upgraded shares of GCM Grosvenor from a “neutral” rating to an “overweight” rating and upped their price target for the company from $12.50 to $14.00 in a research note on Monday, December 23rd. Finally, Oppenheimer lifted their price objective on shares of GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.10.

GCM Grosvenor Stock Performance

NASDAQ:GCMG opened at $13.25 on Friday. GCM Grosvenor Inc. has a fifty-two week low of $8.88 and a fifty-two week high of $14.48. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 441.67 and a beta of 0.58. The stock has a fifty day moving average price of $13.50 and a 200-day moving average price of $12.47.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). GCM Grosvenor had a net margin of 3.64% and a negative return on equity of 101.23%. Research analysts predict that GCM Grosvenor Inc. will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 3.32%. GCM Grosvenor’s dividend payout ratio is 1,466.67%.

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.