Key Points
- CEO Scott Hart sold 10,000 shares of StepStone (NASDAQ:STEP) on Nov. 25 at an average price of $61.70 for $617,000, leaving him with 20,000 shares — a 33.33% reduction in his ownership.
- StepStone beat quarterly EPS estimates, reporting $0.54 vs. $0.49 consensus and revenue of $282.34M (up 35.2% year‑over‑year), though the company still shows a negative net margin of 40.06%.
- The firm declared a $0.28 quarterly dividend payable Dec. 15 to holders of record Nov. 28 (annualized $1.12, ~1.8% yield), with a currently negative payout ratio of -14.0%.
StepStone Group Inc. (NASDAQ:STEP - Get Free Report) CEO Scott Hart sold 10,000 shares of the business's stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $61.70, for a total transaction of $617,000.00. Following the transaction, the chief executive officer owned 20,000 shares in the company, valued at approximately $1,234,000. This represents a 33.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
StepStone Group Trading Up 0.1%
Shares of NASDAQ:STEP opened at $62.62 on Thursday. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of -7.83 and a beta of 1.36. StepStone Group Inc. has a 1 year low of $40.07 and a 1 year high of $68.40. The business has a fifty day simple moving average of $63.34 and a 200 day simple moving average of $60.47.
StepStone Group (NASDAQ:STEP - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.05. StepStone Group had a positive return on equity of 21.53% and a negative net margin of 40.06%.The firm had revenue of $282.34 million for the quarter, compared to the consensus estimate of $272.15 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business's quarterly revenue was up 35.2% compared to the same quarter last year. On average, sell-side analysts forecast that StepStone Group Inc. will post 1.82 EPS for the current year.
StepStone Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a $0.28 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. StepStone Group's dividend payout ratio is currently -14.00%.
Analyst Ratings Changes
A number of research firms have issued reports on STEP. Weiss Ratings reiterated a "sell (d+)" rating on shares of StepStone Group in a research note on Wednesday, October 8th. Zacks Research lowered shares of StepStone Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. BMO Capital Markets started coverage on shares of StepStone Group in a report on Friday, October 3rd. They issued an "outperform" rating and a $74.00 price objective for the company. Morgan Stanley raised their target price on StepStone Group from $61.00 to $66.00 and gave the company an "equal weight" rating in a report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. boosted their price target on StepStone Group from $73.00 to $84.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $74.29.
Read Our Latest Stock Analysis on StepStone Group
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in STEP. Prana Capital Management LP lifted its stake in shares of StepStone Group by 99.6% in the third quarter. Prana Capital Management LP now owns 111,101 shares of the company's stock valued at $7,256,000 after buying an additional 55,433 shares during the period. CIBC Bancorp USA Inc. acquired a new position in StepStone Group in the 3rd quarter valued at approximately $486,000. PDT Partners LLC lifted its position in shares of StepStone Group by 26.1% in the 3rd quarter. PDT Partners LLC now owns 53,929 shares of the company's stock worth $3,522,000 after acquiring an additional 11,154 shares during the period. PharVision Advisers LLC acquired a new stake in shares of StepStone Group during the 3rd quarter worth approximately $202,000. Finally, Voloridge Investment Management LLC increased its position in shares of StepStone Group by 6.8% during the third quarter. Voloridge Investment Management LLC now owns 295,494 shares of the company's stock valued at $19,299,000 after purchasing an additional 18,815 shares during the period. Institutional investors own 55.54% of the company's stock.
About StepStone Group
(
Get Free Report)
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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