Greenhill & Co., Inc. (NYSE:GHL) had its price target trimmed by Buckingham Research from $18.00 to $15.00 in a research note published on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
A number of other equities research analysts have also recently issued reports on GHL. Zacks Investment Research cut shares of Greenhill & Co., Inc. from a buy rating to a hold rating in a research note on Friday, July 19th. ValuEngine raised shares of Greenhill & Co., Inc. from a hold rating to a buy rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Greenhill & Co., Inc. presently has an average rating of Hold and a consensus price target of $21.17.
Shares of Greenhill & Co., Inc. stock traded up $0.11 during trading on Wednesday, reaching $13.40. The company’s stock had a trading volume of 5,929 shares, compared to its average volume of 305,298. Greenhill & Co., Inc. has a 52-week low of $12.25 and a 52-week high of $31.08. The company has a market cap of $280.30 million, a price-to-earnings ratio of 8.34 and a beta of 0.85. The firm’s 50-day moving average is $13.70 and its two-hundred day moving average is $16.39. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 17.56.
Greenhill & Co., Inc. (NYSE:GHL) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported ($0.53) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.98). Greenhill & Co., Inc. had a negative net margin of 2.03% and a negative return on equity of 8.98%. The business had revenue of $56.10 million during the quarter, compared to analysts’ expectations of $64.26 million. During the same period last year, the company posted $0.38 EPS. Greenhill & Co., Inc.’s revenue for the quarter was down 36.6% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.49%. Greenhill & Co., Inc.’s dividend payout ratio is currently 12.42%.
In other news, CEO Scott L. Bok purchased 36,761 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average cost of $13.71 per share, for a total transaction of $503,993.31. Following the acquisition, the chief executive officer now directly owns 16,791 shares of the company’s stock, valued at approximately $230,204.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott L. Bok purchased 107,220 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $14.30 per share, with a total value of $1,533,246.00. The disclosure for this purchase can be found here. Corporate insiders own 20.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. D. E. Shaw & Co. Inc. increased its stake in shares of Greenhill & Co., Inc. by 3.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 32,023 shares of the financial services provider’s stock worth $435,000 after acquiring an additional 1,000 shares in the last quarter. Intrepid Capital Management Inc. boosted its holdings in shares of Greenhill & Co., Inc. by 1.3% during the 1st quarter. Intrepid Capital Management Inc. now owns 107,778 shares of the financial services provider’s stock valued at $2,318,000 after acquiring an additional 1,350 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Greenhill & Co., Inc. by 1.0% during the 2nd quarter. Northern Trust Corp now owns 222,662 shares of the financial services provider’s stock valued at $3,026,000 after acquiring an additional 2,127 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Greenhill & Co., Inc. by 5.7% during the 2nd quarter. Wells Fargo & Company MN now owns 56,578 shares of the financial services provider’s stock valued at $768,000 after acquiring an additional 3,049 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in shares of Greenhill & Co., Inc. in the 1st quarter worth approximately $104,000. Institutional investors and hedge funds own 77.92% of the company’s stock.
Greenhill & Co., Inc. Company Profile
Greenhill & Co, Inc, an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The company offers advisory services to clients in relation to mergers, acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of a transaction's life cycle ranging from initial structuring and negotiation to final execution.
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