Greenhill & Co., Inc. (GHL) Upgraded at UBS Group

UBS Group upgraded shares of Greenhill & Co., Inc. (NYSE:GHL) from a sell rating to a neutral rating in a research note released on Thursday, March 21st, BenzingaRatingsTable reports. The brokerage currently has $22.00 target price on the financial services provider’s stock, up from their prior target price of $15.00.

Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of Greenhill & Co., Inc. from a c rating to a b- rating in a research report on Friday, March 15th. ValuEngine cut shares of Greenhill & Co., Inc. from a strong-buy rating to a buy rating in a research report on Thursday, January 31st. Sandler O’Neill raised shares of Greenhill & Co., Inc. from a hold rating to a buy rating and set a $28.00 price objective for the company in a research report on Friday, December 7th. Zacks Investment Research cut shares of Greenhill & Co., Inc. from a buy rating to a hold rating in a research report on Thursday, January 31st. Finally, Keefe, Bruyette & Woods restated a mkt perform rating and issued a $26.00 target price on shares of Greenhill & Co., Inc. in a research note on Friday, January 4th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has an average rating of Hold and a consensus target price of $24.00.

Greenhill & Co., Inc. stock traded up $0.47 during trading on Thursday, reaching $22.58. 233,700 shares of the company’s stock were exchanged, compared to its average volume of 328,504. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 5.42. Greenhill & Co., Inc. has a 52-week low of $19.40 and a 52-week high of $33.45. The stock has a market cap of $468.73 million, a price-to-earnings ratio of 14.02 and a beta of 0.76.

Greenhill & Co., Inc. (NYSE:GHL) last announced its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.22). The business had revenue of $89.10 million for the quarter, compared to analysts’ expectations of $91.55 million. Greenhill & Co., Inc. had a return on equity of 45.03% and a net margin of 11.14%. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period last year, the company posted ($0.85) earnings per share. Analysts forecast that Greenhill & Co., Inc. will post 1.08 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.89%. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is presently 12.42%.

In other news, President David Wyles sold 33,369 shares of the company’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $25.08, for a total value of $836,894.52. Following the sale, the president now owns 9,971 shares in the company, valued at approximately $250,072.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 20.80% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GHL. Quantamental Technologies LLC acquired a new stake in Greenhill & Co., Inc. during the fourth quarter worth about $106,000. Tower Research Capital LLC TRC acquired a new stake in shares of Greenhill & Co., Inc. in the third quarter valued at approximately $115,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Greenhill & Co., Inc. in the fourth quarter valued at approximately $123,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Greenhill & Co., Inc. by 248.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,373 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 4,544 shares during the period. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of Greenhill & Co., Inc. in the fourth quarter valued at approximately $162,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

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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