Greenhill & Co., Inc. (GHL) Downgraded by ValuEngine to “Sell”

ValuEngine lowered shares of Greenhill & Co., Inc. (NYSE:GHL) from a hold rating to a sell rating in a report released on Wednesday, ValuEngine reports.

Several other analysts have also weighed in on the company. Zacks Investment Research raised Greenhill & Co., Inc. from a strong sell rating to a hold rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods lowered Greenhill & Co., Inc. from a market perform rating to an underperform rating and decreased their price objective for the stock from $23.50 to $23.00 in a report on Tuesday, April 30th. UBS Group raised Greenhill & Co., Inc. from a sell rating to a neutral rating and lifted their price objective for the stock from $15.00 to $22.00 in a report on Thursday, March 21st. TheStreet raised Greenhill & Co., Inc. from a c rating to a b- rating in a report on Friday, March 15th. Finally, Sandler O’Neill lowered Greenhill & Co., Inc. from a buy rating to a hold rating in a report on Thursday, January 31st. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Greenhill & Co., Inc. has a consensus rating of Sell and an average price target of $23.50.

Shares of NYSE:GHL traded down $0.68 during trading on Wednesday, hitting $16.79. 329,701 shares of the stock were exchanged, compared to its average volume of 252,931. Greenhill & Co., Inc. has a 1-year low of $16.45 and a 1-year high of $33.45. The firm has a market capitalization of $367.90 million, a PE ratio of 22.11 and a beta of 0.73. The company has a current ratio of 3.67, a quick ratio of 2.71 and a debt-to-equity ratio of 11.46.

Greenhill & Co., Inc. (NYSE:GHL) last announced its quarterly earnings data on Monday, April 29th. The financial services provider reported ($0.58) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.34). Greenhill & Co., Inc. had a return on equity of 32.81% and a net margin of 5.53%. The firm had revenue of $51.20 million for the quarter, compared to analyst estimates of $57.43 million. During the same period in the previous year, the business posted $0.21 EPS. Greenhill & Co., Inc.’s revenue for the quarter was down 41.5% compared to the same quarter last year. On average, sell-side analysts predict that Greenhill & Co., Inc. will post 0.82 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.20 annualized dividend and a dividend yield of 1.19%. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is presently 12.42%.

Several institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can lifted its position in shares of Greenhill & Co., Inc. by 1.9% during the 4th quarter. Bank of Montreal Can now owns 20,082 shares of the financial services provider’s stock worth $490,000 after buying an additional 365 shares during the period. Texas Permanent School Fund lifted its position in shares of Greenhill & Co., Inc. by 4.7% during the 1st quarter. Texas Permanent School Fund now owns 11,942 shares of the financial services provider’s stock worth $257,000 after buying an additional 535 shares during the period. Citigroup Inc. lifted its position in shares of Greenhill & Co., Inc. by 3.7% during the 1st quarter. Citigroup Inc. now owns 18,055 shares of the financial services provider’s stock worth $389,000 after buying an additional 649 shares during the period. New York State Teachers Retirement System lifted its position in shares of Greenhill & Co., Inc. by 1.4% during the 1st quarter. New York State Teachers Retirement System now owns 54,859 shares of the financial services provider’s stock worth $1,180,000 after buying an additional 773 shares during the period. Finally, Quantamental Technologies LLC lifted its position in shares of Greenhill & Co., Inc. by 30.0% during the 1st quarter. Quantamental Technologies LLC now owns 5,632 shares of the financial services provider’s stock worth $121,000 after buying an additional 1,300 shares during the period. Institutional investors and hedge funds own 86.82% 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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Analyst Recommendations for Greenhill & Co., Inc. (NYSE:GHL)

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