Shares of Greenhill & Co., Inc. (NYSE:GHL) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $20.00.
A number of research analysts have weighed in on GHL shares. ValuEngine upgraded shares of Greenhill & Co., Inc. from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Buckingham Research decreased their price target on shares of Greenhill & Co., Inc. from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC purchased a new position in shares of Greenhill & Co., Inc. in the third quarter worth about $55,000. Wedge Capital Management L L P NC bought a new position in Greenhill & Co., Inc. in the 2nd quarter worth approximately $143,000. State of Alaska Department of Revenue boosted its holdings in Greenhill & Co., Inc. by 100.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,218 shares of the financial services provider’s stock worth $160,000 after buying an additional 6,133 shares during the period. State of Tennessee Treasury Department grew its stake in Greenhill & Co., Inc. by 10.8% in the 3rd quarter. State of Tennessee Treasury Department now owns 18,477 shares of the financial services provider’s stock valued at $243,000 after buying an additional 1,804 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in Greenhill & Co., Inc. in the 2nd quarter valued at approximately $259,000. 76.67% of the stock is currently owned by institutional investors and hedge funds.
Greenhill & Co., Inc. (NYSE:GHL) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. Greenhill & Co., Inc. had a negative net margin of 0.72% and a negative return on equity of 0.91%. The business had revenue of $87.04 million during the quarter, compared to the consensus estimate of $89.22 million. During the same quarter last year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, December 3rd.
About Greenhill & Co., Inc.
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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