Raymond James & Associates Increases Position in Greenhill & Co., Inc. (NYSE:GHL)

Raymond James & Associates increased its holdings in Greenhill & Co., Inc. (NYSE:GHL) by 9.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,503 shares of the financial services provider’s stock after purchasing an additional 7,585 shares during the period. Raymond James & Associates owned approximately 0.44% of Greenhill & Co., Inc. worth $1,947,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quantamental Technologies LLC lifted its stake in Greenhill & Co., Inc. by 30.0% in the first quarter. Quantamental Technologies LLC now owns 5,632 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 1,300 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in Greenhill & Co., Inc. in the fourth quarter worth about $123,000. BNP Paribas Arbitrage SA raised its holdings in Greenhill & Co., Inc. by 38.7% in 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 in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in Greenhill & Co., Inc. by 248.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,373 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 4,544 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in Greenhill & Co., Inc. in the fourth quarter worth about $162,000. Institutional investors own 84.00% of the company’s stock.

GHL opened at $15.16 on Thursday. Greenhill & Co., Inc. has a 52-week low of $14.55 and a 52-week high of $33.45. The company has a debt-to-equity ratio of 11.46, a quick ratio of 3.67 and a current ratio of 3.67. The stock has a market cap of $312.30 million, a PE ratio of 9.42 and a beta of 0.97.

Greenhill & Co., Inc. (NYSE:GHL) last posted its quarterly earnings data on Monday, April 29th. The financial services provider reported ($0.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.34). Greenhill & Co., Inc. had a net margin of 5.53% and a return on equity of 32.81%. The company had revenue of $51.20 million for the quarter, compared to analyst estimates of $57.43 million. During the same quarter last year, the company earned $0.21 EPS. The business’s revenue was down 41.5% compared to the same quarter last year. On average, analysts anticipate that Greenhill & Co., Inc. will post 0.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.20 annualized dividend and a dividend yield of 1.32%. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is currently 12.42%.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Greenhill & Co., Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, April 12th. UBS Group upgraded shares of Greenhill & Co., Inc. from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $15.00 to $22.00 in a report on Thursday, March 21st. TheStreet downgraded shares of Greenhill & Co., Inc. from a “b-” rating to a “c-” rating in a report on Friday, May 31st. Keefe, Bruyette & Woods downgraded shares of Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $23.50 to $23.00 in a report on Tuesday, April 30th. Finally, ValuEngine downgraded shares of Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has an average rating of “Sell” and a consensus price target of $23.50.

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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.

Further Reading: Return On Assets

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

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