Greenhill & Co., Inc. (NYSE:GHL) Upgraded to “Hold” at ValuEngine

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

A number of other research analysts have also weighed in on the company. Buckingham Research cut their price objective on Greenhill & Co., Inc. from $29.00 to $18.00 and set a neutral rating for the company in a research report on Thursday, July 11th. TheStreet lowered Greenhill & Co., Inc. from a b- rating to a c- rating in a research report on Friday, May 31st. Zacks Investment Research lowered Greenhill & Co., Inc. from a buy rating to a hold rating in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods lowered Greenhill & Co., Inc. from a market perform rating to an underperform rating and cut their price objective for the company from $23.50 to $23.00 in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Greenhill & Co., Inc. has a consensus rating of Hold and an average target price of $21.67.

GHL stock traded up $0.09 during trading on Thursday, reaching $14.23. The company’s stock had a trading volume of 13,973 shares, compared to its average volume of 311,356. Greenhill & Co., Inc. has a 1 year low of $12.65 and a 1 year high of $33.45. 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 firm has a market cap of $297.79 million, a P/E ratio of 8.83 and a beta of 0.84. The company has a fifty day moving average price of $14.35.

Greenhill & Co., Inc. (NYSE:GHL) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported ($0.53) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.98). Greenhill & Co., Inc. had a negative return on equity of 7.72% and a negative net margin of 2.03%. The business had revenue of $56.10 million during the quarter, compared to analysts’ expectations of $64.26 million. During the same quarter in the previous year, the company posted $0.38 EPS. The company’s quarterly revenue was down 36.6% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be given 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 payout ratio is 12.42%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC purchased a new position in shares of Greenhill & Co., Inc. during the 2nd quarter worth approximately $143,000. Capital Management Corp VA boosted its position in shares of Greenhill & Co., Inc. by 74.5% during the 2nd quarter. Capital Management Corp VA now owns 1,217,104 shares of the financial services provider’s stock worth $16,540,000 after purchasing an additional 519,541 shares during the period. KBC Group NV boosted its position in shares of Greenhill & Co., Inc. by 10.2% during the 2nd quarter. KBC Group NV now owns 76,628 shares of the financial services provider’s stock worth $1,041,000 after purchasing an additional 7,065 shares during the period. Systematic Financial Management LP purchased a new position in shares of Greenhill & Co., Inc. during the 2nd quarter worth approximately $731,000. Finally, Foundry Partners LLC boosted its position in shares of Greenhill & Co., Inc. by 20.0% during the 2nd quarter. Foundry Partners LLC now owns 291,245 shares of the financial services provider’s stock worth $3,958,000 after purchasing an additional 48,625 shares during the period. Institutional investors own 83.66% 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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