Greenhill & Co., Inc. (NYSE:GHL) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund reduced its stake in Greenhill & Co., Inc. (NYSE:GHL) by 10.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,824 shares of the financial services provider’s stock after selling 1,324 shares during the period. Texas Permanent School Fund owned approximately 0.05% of Greenhill & Co., Inc. worth $142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Greenhill & Co., Inc. by 0.8% in the second quarter. BlackRock Inc. now owns 2,694,247 shares of the financial services provider’s stock valued at $36,613,000 after acquiring an additional 22,602 shares in the last quarter. Capital Management Corp VA raised its stake in Greenhill & Co., Inc. by 74.5% in the second quarter. Capital Management Corp VA now owns 1,217,104 shares of the financial services provider’s stock valued at $16,540,000 after buying an additional 519,541 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in Greenhill & Co., Inc. by 17.3% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 900,851 shares of the financial services provider’s stock valued at $11,819,000 after buying an additional 133,123 shares in the last quarter. Foundry Partners LLC raised its stake in Greenhill & Co., Inc. by 7.3% in the third quarter. Foundry Partners LLC now owns 312,445 shares of the financial services provider’s stock valued at $4,099,000 after buying an additional 21,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Greenhill & Co., Inc. by 3.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 261,285 shares of the financial services provider’s stock valued at $3,551,000 after buying an additional 8,555 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Shares of GHL stock opened at $17.49 on Friday. The stock’s 50-day moving average is $15.25 and its two-hundred day moving average is $15.31. Greenhill & Co., Inc. has a 1 year low of $12.25 and a 1 year high of $31.08. The company has a quick ratio of 4.39, a current ratio of 4.39 and a debt-to-equity ratio of 13.69.

Greenhill & Co., Inc. (NYSE:GHL) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $87.04 million for the quarter, compared to analyst estimates of $89.22 million. Greenhill & Co., Inc. had a negative return on equity of 0.91% and a negative net margin of 0.72%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, December 3rd.

In other news, CEO Scott L. Bok acquired 36,761 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $13.71 per share, with a total value of $503,993.31. Following the completion of the acquisition, the chief executive officer now owns 16,791 shares in the company, valued at approximately $230,204.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 20.80% of the company’s stock.

GHL has been the topic of several research reports. Buckingham Research dropped their price objective on Greenhill & Co., Inc. from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Zacks Investment Research lowered Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, ValuEngine lowered Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Greenhill & Co., Inc. presently has an average rating of “Hold” and a consensus target price of $20.80.

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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Institutional Ownership by Quarter for Greenhill & Co., Inc. (NYSE:GHL)

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