Insider Buying: Greenhill & Co., Inc. (NYSE:GHL) CEO Acquires 107,220 Shares of Stock

Greenhill & Co., Inc. (NYSE:GHL) CEO Scott L. Bok bought 107,220 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $14.30 per share, for a total transaction of $1,533,246.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NYSE GHL traded down $0.59 during trading hours on Wednesday, reaching $14.11. 792,895 shares of the company’s stock traded hands, compared to its average volume of 306,972. Greenhill & Co., Inc. has a 52-week low of $12.65 and a 52-week high of $32.60. The company has a market cap of $299.26 million, a price-to-earnings ratio of 8.76 and a beta of 0.85. The business’s 50-day simple moving average is $14.35. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 11.46.

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 analysts’ consensus estimates of $0.45 by ($0.98). Greenhill & Co., Inc. had a negative net margin of 2.03% and a negative return on equity of 7.72%. The business had revenue of $56.10 million for the quarter, compared to analysts’ expectations of $64.26 million. During the same period last year, the business earned $0.38 earnings per share. The company’s revenue was down 36.6% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.42%. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is currently 12.42%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. NumerixS Investment Technologies Inc purchased a new position in Greenhill & Co., Inc. during the 1st quarter valued at about $104,000. Quantamental Technologies LLC lifted its position in 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 valued at $121,000 after acquiring an additional 1,300 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Greenhill & Co., Inc. during the 4th quarter valued at about $123,000. BNP Paribas Arbitrage SA lifted its position in Greenhill & Co., Inc. by 38.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,641 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 1,853 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new position in Greenhill & Co., Inc. during the 2nd quarter valued at about $143,000. 83.66% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the stock. ValuEngine raised shares of Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods lowered shares of Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and cut their target price for the company from $23.50 to $23.00 in a research note on Tuesday, April 30th. TheStreet lowered shares of Greenhill & Co., Inc. from a “b-” rating to a “c-” rating in a research note on Friday, May 31st. Zacks Investment Research lowered shares of Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Buckingham Research cut their target price on shares of Greenhill & Co., Inc. from $29.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $21.67.

About Greenhill & Co., Inc.

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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