Capital Management Corp VA boosted its stake in Greenhill & Co., Inc. (NYSE:GHL) by 18.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 456,511 shares of the financial services provider’s stock after buying an additional 71,465 shares during the period. Greenhill & Co. comprises approximately 2.7% of Capital Management Corp VA’s investment portfolio, making the stock its 7th largest position. Capital Management Corp VA owned 1.54% of Greenhill & Co. worth $9,176,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trust Department MB Financial Bank N A acquired a new stake in Greenhill & Co. during the first quarter worth about $147,000. State of Alaska Department of Revenue increased its stake in Greenhill & Co. by 76.8% in the first quarter. State of Alaska Department of Revenue now owns 5,270 shares of the financial services provider’s stock worth $154,000 after buying an additional 2,290 shares in the last quarter. Ledyard National Bank acquired a new stake in Greenhill & Co. during the first quarter worth about $169,000. Mason Street Advisors LLC increased its stake in Greenhill & Co. by 8.2% in the first quarter. Mason Street Advisors LLC now owns 6,432 shares of the financial services provider’s stock worth $188,000 after buying an additional 489 shares in the last quarter. Finally, Globeflex Capital L P acquired a new stake in Greenhill & Co. during the first quarter worth about $201,000. Institutional investors and hedge funds own 94.42% of the company’s stock.
Greenhill & Co., Inc. (GHL) opened at 16.55 on Friday. The company’s 50 day moving average is $19.18 and its 200-day moving average is $24.61. The company has a market capitalization of $489.50 million, a price-to-earnings ratio of 12.65 and a beta of 1.29. Greenhill & Co., Inc. has a 52-week low of $16.30 and a 52-week high of $32.45.
Greenhill & Co. (NYSE:GHL) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.10. Greenhill & Co. had a net margin of 13.98% and a return on equity of 15.68%. The business had revenue of $67.27 million during the quarter, compared to analyst estimates of $72.25 million. During the same period last year, the company earned $0.62 EPS. The business’s revenue for the quarter was down 25.7% on a year-over-year basis. Equities analysts anticipate that Greenhill & Co., Inc. will post $0.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 10.88%. The ex-dividend date of this dividend is Tuesday, September 12th. Greenhill & Co.’s dividend payout ratio (DPR) is presently 135.34%.
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A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Greenhill & Co. from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, April 18th. Nomura restated a “sell” rating and issued a $21.00 price target on shares of Greenhill & Co. in a research report on Monday, May 1st. ValuEngine cut shares of Greenhill & Co. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $21.00 price objective on shares of Greenhill & Co. in a research report on Friday, July 14th. Finally, UBS AG decreased their price objective on shares of Greenhill & Co. from $21.00 to $19.00 and set a “sell” rating for the company in a research report on Friday, April 28th. Seven research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Sell” and a consensus target price of $22.00.
About Greenhill & Co.
Greenhill & Co, Inc is an investment bank. The Company provides financial and strategic advice on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising and other transactions to a diverse client base, including corporations, partnerships, institutions and governments globally.
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