9,726 Shares in StepStone Group LP (NASDAQ:STEP) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in StepStone Group LP (NASDAQ:STEP) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 9,726 shares of the company’s stock, valued at approximately $563,000.

Several other large investors have also recently bought and sold shares of STEP. Amundi raised its holdings in shares of StepStone Group by 26.7% in the 4th quarter. Amundi now owns 730 shares of the company’s stock valued at $42,000 after acquiring an additional 154 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of StepStone Group by 1.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 9,578 shares of the company’s stock worth $554,000 after purchasing an additional 157 shares during the last quarter. Blue Trust Inc. raised its stake in StepStone Group by 25.5% in the fourth quarter. Blue Trust Inc. now owns 1,079 shares of the company’s stock valued at $61,000 after purchasing an additional 219 shares in the last quarter. GAMMA Investing LLC lifted its position in StepStone Group by 36.6% during the fourth quarter. GAMMA Investing LLC now owns 844 shares of the company’s stock valued at $49,000 after purchasing an additional 226 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in StepStone Group by 1.0% in the 4th quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the company’s stock worth $1,771,000 after buying an additional 300 shares in the last quarter. 55.54% of the stock is owned by institutional investors.

StepStone Group Stock Up 0.8 %

StepStone Group stock opened at $52.23 on Tuesday. The firm has a fifty day simple moving average of $58.72 and a two-hundred day simple moving average of $60.10. StepStone Group LP has a twelve month low of $33.92 and a twelve month high of $70.38. The company has a market capitalization of $6.06 billion, a PE ratio of -30.91 and a beta of 1.33.

StepStone Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, February 28th. StepStone Group’s dividend payout ratio (DPR) is presently -56.80%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STEP. Evercore ISI raised their price objective on shares of StepStone Group from $63.00 to $69.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Oppenheimer raised their price target on StepStone Group from $81.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Barclays upped their price objective on StepStone Group from $66.00 to $69.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, StepStone Group presently has an average rating of “Hold” and an average target price of $69.21.

Insider Activity at StepStone Group

In related news, CAO Anthony Keathley sold 538 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now directly owns 1,386 shares in the company, valued at $87,318. This represents a 27.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Scott W. Hart sold 10,000 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 110,000 shares in the company, valued at approximately $6,757,300. This trade represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. 18.44% of the stock is currently owned by company insiders.

About StepStone Group

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.