Greenhill & Co., Inc. (GHL) Shares Sold by First Mercantile Trust Co.

First Mercantile Trust Co. decreased its holdings in shares of Greenhill & Co., Inc. (NYSE:GHL) by 18.5% during the 1st quarter, HoldingsChannel reports. The firm owned 7,280 shares of the financial services provider’s stock after selling 1,657 shares during the quarter. First Mercantile Trust Co.’s holdings in Greenhill & Co., Inc. were worth $157,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Boston Partners boosted its stake in Greenhill & Co., Inc. by 3.5% during the first quarter. Boston Partners now owns 122,624 shares of the financial services provider’s stock valued at $2,638,000 after buying an additional 4,171 shares during the period. Texas Permanent School Fund boosted its stake in Greenhill & Co., Inc. by 4.7% during the first quarter. Texas Permanent School Fund now owns 11,942 shares of the financial services provider’s stock valued at $257,000 after buying an additional 535 shares during the period. Quantamental Technologies LLC boosted its stake in Greenhill & Co., Inc. by 30.0% during the first quarter. Quantamental Technologies LLC now owns 5,632 shares of the financial services provider’s stock valued at $121,000 after buying an additional 1,300 shares during the period. Bank of Montreal Can boosted its stake in Greenhill & Co., Inc. by 2.2% during the first quarter. Bank of Montreal Can now owns 20,521 shares of the financial services provider’s stock valued at $441,000 after buying an additional 439 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Greenhill & Co., Inc. by 38.7% during the first quarter. BNP Paribas Arbitrage SA now owns 6,641 shares of the financial services provider’s stock valued at $143,000 after buying an additional 1,853 shares during the period. Institutional investors own 86.82% of the company’s stock.

Shares of GHL stock opened at $16.99 on Tuesday. The company has a debt-to-equity ratio of 11.46, a current ratio of 3.67 and a quick ratio of 2.71. Greenhill & Co., Inc. has a 12-month low of $16.45 and a 12-month high of $33.45. The stock has a market cap of $353.58 million, a price-to-earnings ratio of 10.55 and a beta of 0.73.

Greenhill & Co., Inc. (NYSE:GHL) last issued its quarterly earnings results on Monday, April 29th. The financial services provider reported ($0.58) earnings per share (EPS) 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 the consensus estimate of $57.43 million. During the same period last year, the firm earned $0.21 EPS. The company’s revenue for the quarter was down 41.5% on a year-over-year basis. Equities research analysts anticipate that Greenhill & Co., Inc. will post 0.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.18%. The ex-dividend date is Tuesday, June 4th. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is currently 12.42%.

Several equities research analysts recently issued reports on GHL shares. ValuEngine raised Greenhill & Co., Inc. from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Zacks Investment Research raised Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. TheStreet raised Greenhill & Co., Inc. from a “c” rating to a “b-” rating in a research note on Friday, March 15th. Keefe, Bruyette & Woods lowered Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $23.50 to $23.00 in a research note on Tuesday, April 30th. Finally, Sandler O’Neill lowered Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Greenhill & Co., Inc. has an average rating of “Sell” and an average price target of $23.50.

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Greenhill & Co., Inc. 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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Want to see what other hedge funds are holding GHL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greenhill & Co., Inc. (NYSE:GHL).

Institutional Ownership by Quarter for Greenhill & Co., Inc. (NYSE:GHL)

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