Greenhill & Co., Inc. (NYSE:GHL) had its target price trimmed by Buckingham Research from $18.00 to $15.00 in a report issued on Wednesday morning, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
GHL has been the topic of a number of other reports. ValuEngine raised Greenhill & Co., Inc. from a hold rating to a buy rating in a report on Wednesday, October 2nd. Zacks Investment Research downgraded Greenhill & Co., Inc. from a buy rating to a hold rating in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued 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 NYSE:GHL traded up $0.55 during midday trading on Wednesday, reaching $14.13. 253,073 shares of the company’s stock traded hands, compared to its average volume of 295,662. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 17.56. Greenhill & Co., Inc. has a one year low of $12.25 and a one year high of $31.08. The stock has a 50 day moving average of $13.70 and a 200 day moving average of $16.32.
Greenhill & Co., Inc. (NYSE:GHL) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.98). The business had revenue of $56.10 million for the quarter, compared to the consensus estimate of $64.26 million. Greenhill & Co., Inc. had a negative net margin of 2.03% and a negative return on equity of 8.98%. The company’s revenue for the quarter was down 36.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, September 3rd. Greenhill & Co., Inc.’s payout ratio is currently 12.42%.
In other news, CEO Scott L. Bok acquired 36,761 shares of Greenhill & Co., Inc. stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average price of $13.71 per share, for a total transaction of $503,993.31. Following the completion of the transaction, the chief executive officer now owns 16,791 shares in the company, valued at $230,204.61. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott L. Bok acquired 107,220 shares of Greenhill & Co., Inc. 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. 20.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc purchased a new stake in Greenhill & Co., Inc. during the first quarter valued at $104,000. Wedge Capital Management L L P NC purchased a new stake in Greenhill & Co., Inc. during the second quarter valued at $143,000. State of Alaska Department of Revenue increased its position in Greenhill & Co., Inc. by 100.8% during the third quarter. State of Alaska Department of Revenue now owns 12,218 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 6,133 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Greenhill & Co., Inc. during the second quarter valued at $259,000. Finally, Jefferies Group LLC increased its position in Greenhill & Co., Inc. by 31.6% during the second quarter. Jefferies Group LLC now owns 21,175 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 5,080 shares during the last quarter. Institutional investors 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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