Engineers Gate Manager LP Has $1.13 Million Holdings in Greenhill & Co., Inc. (GHL)

Engineers Gate Manager LP lowered its position in Greenhill & Co., Inc. (NYSE:GHL) by 31.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,024 shares of the financial services provider’s stock after selling 19,645 shares during the period. Engineers Gate Manager LP owned approximately 0.19% of Greenhill & Co., Inc. worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. increased its position in shares of Greenhill & Co., Inc. by 7.2% during the first quarter. Principal Financial Group Inc. now owns 240,361 shares of the financial services provider’s stock worth $4,447,000 after acquiring an additional 16,112 shares during the period. SG Americas Securities LLC purchased a new position in shares of Greenhill & Co., Inc. during the second quarter worth approximately $144,000. American Century Companies Inc. purchased a new position in shares of Greenhill & Co., Inc. during the second quarter worth approximately $6,417,000. Vident Investment Advisory LLC purchased a new position in shares of Greenhill & Co., Inc. during the second quarter worth approximately $330,000. Finally, Miller Value Partners LLC increased its position in shares of Greenhill & Co., Inc. by 0.9% during the second quarter. Miller Value Partners LLC now owns 213,850 shares of the financial services provider’s stock worth $6,073,000 after acquiring an additional 1,850 shares during the period. 97.86% of the stock is owned by institutional investors and hedge funds.

GHL has been the topic of a number of research reports. Bank of America raised their target price on shares of Greenhill & Co., Inc. from $15.00 to $17.00 and gave the stock an “underperform” rating in a research report on Monday, July 16th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $26.00 target price on shares of Greenhill & Co., Inc. in a research report on Friday, August 3rd. ValuEngine lowered shares of Greenhill & Co., Inc. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 28th. Goldman Sachs Group initiated coverage on shares of Greenhill & Co., Inc. in a research report on Tuesday. They set a “sell” rating and a $23.00 target price on the stock. Finally, Sandler O’Neill set a $32.00 target price on shares of Greenhill & Co., Inc. and gave the stock a “hold” rating in a research report on Friday, July 13th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $23.83.

Shares of GHL stock opened at $22.84 on Friday. The company has a market cap of $497.12 million, a P/E ratio of -81.57 and a beta of 1.17. The company has a debt-to-equity ratio of 3.40, a quick ratio of 3.61 and a current ratio of 3.61. Greenhill & Co., Inc. has a 52-week low of $16.25 and a 52-week high of $33.45.

Greenhill & Co., Inc. (NYSE:GHL) last issued its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.15. The company had revenue of $86.80 million for the quarter. Greenhill & Co., Inc. had a net margin of 0.56% and a return on equity of 14.29%. Sell-side analysts anticipate that Greenhill & Co., Inc. will post 1.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Tuesday, December 4th. Greenhill & Co., Inc.’s payout ratio is -71.43%.

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About Greenhill & Co., Inc.

Greenhill & Co, Inc, together with its subsidiaries, operates as an independent investment bank for corporations, partnerships, institutions, and governments worldwide. The company provides financial advisory services primarily related to mergers and acquisitions, restructurings, financings, and capital raisings.

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

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