Ancora Advisors LLC increased its stake in Greenhill & Co., Inc. (NYSE:GHL) by 9.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 388,858 shares of the financial services provider’s stock after acquiring an additional 33,717 shares during the quarter. Ancora Advisors LLC owned approximately 1.90% of Greenhill & Co., Inc. worth $10,247,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of GHL. Miller Value Partners LLC boosted its position in shares of Greenhill & Co., Inc. by 0.9% in the second quarter. Miller Value Partners LLC now owns 213,850 shares of the financial services provider’s stock worth $6,073,000 after buying an additional 1,850 shares during the period. Wells Fargo & Company MN boosted its position in shares of Greenhill & Co., Inc. by 6.8% in the third quarter. Wells Fargo & Company MN now owns 40,770 shares of the financial services provider’s stock worth $1,074,000 after buying an additional 2,581 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Greenhill & Co., Inc. in the second quarter worth $144,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Greenhill & Co., Inc. in the second quarter worth $145,000. Finally, Raymond James & Associates boosted its position in shares of Greenhill & Co., Inc. by 19.4% in the second quarter. Raymond James & Associates now owns 43,099 shares of the financial services provider’s stock worth $1,224,000 after buying an additional 7,005 shares during the period. Institutional investors and hedge funds own 99.91% of the company’s stock.
Several analysts have recently commented on GHL shares. ValuEngine cut Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Goldman Sachs Group started coverage on Greenhill & Co., Inc. in a research report on Tuesday, November 6th. They issued a “sell” rating and a $23.00 target price for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $26.00 target price on shares of Greenhill & Co., Inc. in a research report on Friday, August 3rd. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.83.
In other news, Chairman Robert F. Greenhill acquired 219,770 shares of Greenhill & Co., Inc. stock in a transaction that occurred on Wednesday, November 14th. The stock was purchased at an average price of $22.69 per share, with a total value of $4,986,581.30. Following the completion of the transaction, the chairman now owns 282,579 shares in the company, valued at $6,411,717.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Scott L. Bok acquired 220,634 shares of Greenhill & Co., Inc. stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average cost of $22.60 per share, with a total value of $4,986,328.40. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 483,934 shares of company stock valued at $10,985,994. Insiders own 15.60% of the company’s stock.
Shares of Greenhill & Co., Inc. stock opened at $23.79 on Friday. The firm has a market capitalization of $496.48 million, a PE ratio of -84.96 and a beta of 1.17. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 5.51. Greenhill & Co., Inc. has a 12 month low of $16.25 and a 12 month high of $33.45.
Greenhill & Co., Inc. (NYSE:GHL) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.15. The business had revenue of $86.80 million during the quarter. Greenhill & Co., Inc. had a return on equity of 16.89% and a net margin of 0.56%. As a group, analysts predict that Greenhill & Co., Inc. will post 1.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.84%. Greenhill & Co., Inc.’s payout ratio is -71.43%.
Greenhill & Co., Inc. Company Profile
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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