GCM Grosvenor Inc. (GCMG) shares are experiencing an uptick today, likely influenced by recent institutional interest. On December 3rd, it was disclosed that Bamco Inc. NY acquired a significant new position in GCM Grosvenor, purchasing 1,750,000 shares valued at approximately $19.81 million. This acquisition represents 0.93% of the company's outstanding shares, indicating a strong vote of confidence from a notable institutional investor. The news of such a substantial investment may have positively impacted investor sentiment, contributing to the stock's upward movement.
GCM Grosvenor's stock is currently trading at $12.47, reflecting a 1.14% increase from its previous close of $12.33. The stock opened at $12.30, marking a 1.38% rise from the opening price.