AHL Partners LLP grew its holdings in Greenhill & Co., Inc. (NYSE:GHL) by 85.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,302 shares of the financial services provider’s stock after purchasing an additional 19,964 shares during the quarter. AHL Partners LLP owned about 0.15% of Greenhill & Co. worth $870,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the business. Marshall Wace North America L.P. acquired a new position in shares of Greenhill & Co. during the second quarter valued at $1,274,000. Adirondack Research & Management Inc. lifted its stake in shares of Greenhill & Co. by 6.8% during the second quarter. Adirondack Research & Management Inc. now owns 187,865 shares of the financial services provider’s stock valued at $3,776,000 after acquiring an additional 12,000 shares during the period. Royce & Associates LP acquired a new position in shares of Greenhill & Co. during the second quarter valued at $19,952,000. Goldman Sachs Group Inc. lifted its stake in shares of Greenhill & Co. by 109.4% during the first quarter. Goldman Sachs Group Inc. now owns 408,814 shares of the financial services provider’s stock valued at $11,978,000 after acquiring an additional 213,581 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Greenhill & Co. by 338.7% during the second quarter. SG Americas Securities LLC now owns 24,916 shares of the financial services provider’s stock valued at $501,000 after acquiring an additional 19,236 shares during the period. 96.26% of the stock is currently owned by institutional investors.
Several equities analysts have recently issued reports on GHL shares. ValuEngine raised Greenhill & Co. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $21.00 price objective on shares of Greenhill & Co. in a report on Friday, July 14th. UBS AG reiterated a “sell” rating and issued a $9.00 price objective (down previously from $17.00) on shares of Greenhill & Co. in a report on Monday, August 21st. Buckingham Research upped their price objective on Greenhill & Co. from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, September 26th. Finally, Nomura dropped their price objective on Greenhill & Co. from $16.00 to $14.00 and set a “reduce” rating for the company in a report on Tuesday, September 26th. Six analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and an average target price of $16.67.
Shares of Greenhill & Co., Inc. (GHL) traded up 0.4263% during midday trading on Friday, hitting $18.7295. The company’s stock had a trading volume of 93,215 shares. Greenhill & Co., Inc. has a 1-year low of $13.80 and a 1-year high of $32.45. The company has a 50-day moving average price of $15.92 and a 200 day moving average price of $19.50. The company has a market cap of $555.10 million, a P/E ratio of 14.3192 and a beta of 1.27.
Greenhill & Co. (NYSE:GHL) last announced its earnings results on Wednesday, October 18th. The financial services provider reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.25). Greenhill & Co. had a return on equity of 8.96% and a net margin of 8.49%. The business had revenue of $48.09 million during the quarter, compared to analysts’ expectations of $38.33 million. During the same quarter in the previous year, the firm earned $0.41 EPS. Greenhill & Co.’s quarterly revenue was down 37.2% on a year-over-year basis. On average, equities research analysts predict that Greenhill & Co., Inc. will post $0.07 EPS for the current year.
Greenhill & Co. declared that its Board of Directors has authorized a share repurchase program on Monday, September 25th that allows the company to repurchase $235.00 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 55.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.07%. Greenhill & Co.’s payout ratio is presently 243.24%.
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Greenhill & Co. Profile
Greenhill & Co, Inc is an investment bank. The Company provides financial and strategic advice on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising and other transactions to a diverse client base, including corporations, partnerships, institutions and governments globally.
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