5,040 Shares in Greenhill & Co., Inc. (NYSE:GHL) Acquired by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan bought a new position in shares of Greenhill & Co., Inc. (NYSE:GHL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,040 shares of the financial services provider’s stock, valued at approximately $123,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc increased its stake in Greenhill & Co., Inc. by 15.8% during the third quarter. Vanguard Group Inc now owns 2,430,006 shares of the financial services provider’s stock worth $64,031,000 after acquiring an additional 332,025 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Greenhill & Co., Inc. by 15.8% in the third quarter. Vanguard Group Inc. now owns 2,430,006 shares of the financial services provider’s stock worth $64,031,000 after buying an additional 332,025 shares during the period. Prudential Financial Inc. boosted its position in shares of Greenhill & Co., Inc. by 476.0% in the fourth quarter. Prudential Financial Inc. now owns 180,466 shares of the financial services provider’s stock worth $4,404,000 after buying an additional 149,135 shares during the period. Capital Management Corp VA boosted its position in shares of Greenhill & Co., Inc. by 12.4% in the fourth quarter. Capital Management Corp VA now owns 714,352 shares of the financial services provider’s stock worth $17,430,000 after buying an additional 78,909 shares during the period. Finally, Rafferty Asset Management LLC purchased a new stake in shares of Greenhill & Co., Inc. in the fourth quarter worth about $1,785,000. 86.46% of the stock is owned by institutional investors.

Several analysts have issued reports on the company. TheStreet upgraded Greenhill & Co., Inc. from a “c” rating to a “b-” rating in a research note on Friday, March 15th. ValuEngine upgraded Greenhill & Co., Inc. from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Zacks Investment Research upgraded Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Finally, Sandler O’Neill cut Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Thursday, January 31st. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.50.

Shares of GHL traded down $0.22 during trading hours on Friday, hitting $18.85. 128,867 shares of the company were exchanged, compared to its average volume of 256,038. The firm has a market cap of $394.60 million, a PE ratio of 11.71 and a beta of 0.73. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 5.42. Greenhill & Co., Inc. has a one year low of $18.60 and a one year high of $33.45.

Greenhill & Co., Inc. (NYSE:GHL) last released its quarterly earnings data on Monday, April 29th. The financial services provider reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.34). The company had revenue of $51.20 million for the quarter, compared to the consensus estimate of $57.43 million. Greenhill & Co., Inc. had a return on equity of 28.08% and a net margin of 5.53%. The business’s revenue was down 41.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share. On average, equities research analysts anticipate that Greenhill & Co., Inc. will post 0.82 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th will be given a $0.05 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $0.20 annualized dividend and a dividend yield of 1.06%. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is presently 12.42%.

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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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