Oppenheimer Asset Management Inc. trimmed its position in StepStone Group Inc. (NASDAQ:STEP – Free Report) by 11.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,503 shares of the company’s stock after selling 4,025 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in StepStone Group were worth $789,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Arizona State Retirement System raised its holdings in shares of StepStone Group by 4.9% in the 4th quarter. Arizona State Retirement System now owns 13,860 shares of the company’s stock worth $349,000 after purchasing an additional 644 shares during the period. FJ Capital Management LLC purchased a new position in shares of StepStone Group in the 4th quarter worth about $932,000. MQS Management LLC purchased a new position in shares of StepStone Group in the 4th quarter worth about $222,000. Barclays PLC raised its holdings in shares of StepStone Group by 137.9% in the 1st quarter. Barclays PLC now owns 43,239 shares of the company’s stock worth $1,049,000 after purchasing an additional 25,062 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of StepStone Group in the 1st quarter worth about $346,000. 92.94% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at StepStone Group
In other news, insider Michael I. Mccabe bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of $21.48 per share, for a total transaction of $1,074,000.00. Following the transaction, the insider now owns 56,357 shares in the company, valued at $1,210,548.36. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Michael I. Mccabe bought 33,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was bought at an average price of $22.83 per share, for a total transaction of $753,390.00. Following the transaction, the insider now owns 119,357 shares in the company, valued at $2,724,920.31. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael I. Mccabe bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average price of $21.48 per share, with a total value of $1,074,000.00. Following the transaction, the insider now owns 56,357 shares in the company, valued at approximately $1,210,548.36. The disclosure for this purchase can be found here. In the last quarter, insiders bought 108,000 shares of company stock worth $2,416,390. 19.89% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on StepStone Group
StepStone Group Stock Up 0.2 %
STEP stock opened at $29.27 on Friday. StepStone Group Inc. has a 52-week low of $19.83 and a 52-week high of $32.12. The stock’s 50 day moving average is $26.89 and its two-hundred day moving average is $25.29. The company has a market capitalization of $3.20 billion, a PE ratio of 139.38 and a beta of 1.44.
StepStone Group (NASDAQ:STEP – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $178.01 million for the quarter, compared to analysts’ expectations of $160.14 million. As a group, sell-side analysts anticipate that StepStone Group Inc. will post 1.25 EPS for the current year.
StepStone Group Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a $0.21 dividend. This is a positive change from StepStone Group’s previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, August 30th. This represents a $0.84 annualized dividend and a dividend yield of 2.87%. StepStone Group’s dividend payout ratio (DPR) is presently 380.95%.
About StepStone Group
StepStone Group Inc is an investment firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, private equity and buyout investments in mature and middle market companies.
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