Aquatic Capital Management LLC Purchases Shares of 24,818 StepStone Group LP (NASDAQ:STEP)
Aquatic Capital Management LLC purchased a new stake in StepStone Group LP (NASDAQ:STEP - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 24,818 shares of the company's stock, valued at approximately $1,436,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of STEP. Steward Partners Investment Advisory LLC acquired a new stake in StepStone Group in the fourth quarter valued at approximately $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of StepStone Group in the 4th quarter worth $29,000. IFP Advisors Inc acquired a new stake in shares of StepStone Group in the 4th quarter worth $36,000. Amundi grew its stake in StepStone Group by 26.7% during the 4th quarter. Amundi now owns 730 shares of the company's stock worth $42,000 after buying an additional 154 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in StepStone Group by 36.6% during the 4th quarter. GAMMA Investing LLC now owns 844 shares of the company's stock valued at $49,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 55.54% of the company's stock.
A number of brokerages have recently weighed in on STEP. Evercore ISI boosted their price target on StepStone Group from $63.00 to $69.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Barclays dropped their target price on shares of StepStone Group from $69.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Oppenheimer set a $67.00 price target on shares of StepStone Group and gave the stock an "outperform" rating in a report on Wednesday, April 16th. Finally, Morgan Stanley dropped their price objective on shares of StepStone Group from $66.00 to $51.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, StepStone Group has a consensus rating of "Hold" and an average price target of $61.64.
View Our Latest Stock Analysis on StepStone Group
NASDAQ:STEP opened at $50.22 on Wednesday. The firm's fifty day moving average is $51.66 and its two-hundred day moving average is $58.49. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of -29.72 and a beta of 1.36. StepStone Group LP has a one year low of $35.25 and a one year high of $70.38.
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Friday, February 28th. StepStone Group's dividend payout ratio (DPR) is -56.80%.
In other news, CAO Anthony Keathley sold 538 shares of StepStone Group stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $63.00, for a total transaction of $33,894.00. Following the completion of the transaction, the chief accounting officer now directly owns 1,386 shares of the company's stock, valued at $87,318. The trade was a 27.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott W. Hart sold 10,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.43, for a total transaction of $614,300.00. Following the sale, the chief executive officer now directly owns 110,000 shares in the company, valued at $6,757,300. This trade represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.44% of the stock is owned by company insiders.
StepStone Group Inc is a private equity and venture capital firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies.
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