Greenhill & Co., Inc. (NYSE:GHL) Shares Up 9.1%

Greenhill & Co., Inc. (NYSE:GHL) shares shot up 9.1% during mid-day trading on Friday . The stock traded as high as $14.18 and last traded at $14.14, 508,349 shares were traded during trading. An increase of 69% from the average session volume of 300,768 shares. The stock had previously closed at $12.96.

GHL has been the subject of several analyst reports. Keefe, Bruyette & Woods downgraded shares of Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $23.50 to $23.00 in a research note on Tuesday, April 30th. Buckingham Research decreased their target price on shares of Greenhill & Co., Inc. from $29.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. TheStreet downgraded shares of Greenhill & Co., Inc. from a “b-” rating to a “c-” rating in a research note on Friday, May 31st. Zacks Investment Research downgraded shares of Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, ValuEngine upgraded shares of Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Greenhill & Co., Inc. has an average rating of “Hold” and a consensus target price of $21.67.

The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 11.46. The company has a market cap of $342.00 million, a PE ratio of 8.78 and a beta of 0.85. The business’s 50 day simple moving average is $14.35.

Greenhill & Co., Inc. (NYSE:GHL) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported ($0.53) EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.98). Greenhill & Co., Inc. had a net margin of 5.53% and a return on equity of 32.81%. The company had revenue of $56.10 million for the quarter, compared to the consensus estimate of $64.26 million. During the same quarter last year, the company earned $0.38 earnings per share. The company’s revenue was down 36.6% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.41%. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is 12.42%.

Large investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA raised its holdings in shares of 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 worth $143,000 after purchasing an additional 1,853 shares during the period. Deutsche Bank AG raised its holdings in shares of Greenhill & Co., Inc. by 36.7% during the fourth quarter. Deutsche Bank AG now owns 98,126 shares of the financial services provider’s stock worth $2,392,000 after purchasing an additional 26,333 shares during the period. Bank of America Corp DE raised its holdings in shares of Greenhill & Co., Inc. by 28.5% during the fourth quarter. Bank of America Corp DE now owns 35,868 shares of the financial services provider’s stock worth $875,000 after purchasing an additional 7,957 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Greenhill & Co., Inc. during the fourth quarter worth $321,000. Finally, Norges Bank acquired a new stake in shares of Greenhill & Co., Inc. during the fourth quarter worth $6,255,000. 83.40% of the stock is currently owned by institutional investors.

Greenhill & Co., Inc. Company Profile (NYSE:GHL)

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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