Ameritas Investment Partners Inc. Takes Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

Ameritas Investment Partners Inc. bought a new stake in GCM Grosvenor Inc. (NASDAQ:GCMG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,565 shares of the company’s stock, valued at approximately $27,000.

Several other large investors have also recently modified their holdings of the company. Royce & Associates LP boosted its holdings in shares of GCM Grosvenor by 20.7% in the first quarter. Royce & Associates LP now owns 5,060,921 shares of the company’s stock valued at $60,225,000 after acquiring an additional 869,286 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in GCM Grosvenor by 9.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,921,339 shares of the company’s stock worth $34,764,000 after buying an additional 249,266 shares in the last quarter. Millennium Management LLC boosted its holdings in GCM Grosvenor by 238.0% during the first quarter. Millennium Management LLC now owns 1,889,996 shares of the company’s stock worth $22,491,000 after buying an additional 1,330,857 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in GCM Grosvenor by 20.0% during the first quarter. Bank of New York Mellon Corp now owns 1,129,066 shares of the company’s stock worth $13,436,000 after buying an additional 188,559 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in GCM Grosvenor by 51.9% during the second quarter. American Century Companies Inc. now owns 865,585 shares of the company’s stock worth $9,019,000 after buying an additional 295,832 shares in the last quarter. 21.50% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on GCMG shares. Zacks Investment Research downgraded shares of GCM Grosvenor from a “buy” rating to a “hold” rating in a report on Wednesday. Oppenheimer started coverage on shares of GCM Grosvenor in a report on Tuesday, August 31st. They set an “outperform” rating and a $14.00 price objective on the stock.

Shares of NASDAQ GCMG opened at $11.43 on Friday. GCM Grosvenor Inc. has a 12-month low of $9.00 and a 12-month high of $15.36. The company has a market capitalization of $2.14 billion, a PE ratio of 23.33 and a beta of 0.06. The firm’s 50-day moving average is $10.82 and its two-hundred day moving average is $11.54.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings results on Tuesday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $119.70 million during the quarter, compared to analysts’ expectations of $102.96 million. As a group, equities research analysts expect that GCM Grosvenor Inc. will post 0.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Tuesday, August 31st. This is an increase from GCM Grosvenor’s previous quarterly dividend of $0.08. GCM Grosvenor’s dividend payout ratio is 73.47%.

GCM Grosvenor Profile

GCM Grosvenor, Inc provides global alternative asset management solutions. The firm invests on behalf of clients who seek allocations to alternative investments, such as private equity, infrastructure, real estate, credit, and absolute return strategies. It specializes in developing customized portfolios for clients who want an active role in the development of their alternatives programs and also offers multi-client portfolios for investors who desire a turn-key solution for accessing alternative investments.

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Institutional Ownership by Quarter for GCM Grosvenor (NASDAQ:GCMG)

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