Greenhill & Co., Inc. (NYSE:GHL) Rating Increased to Hold at ValuEngine

Greenhill & Co., Inc. (NYSE:GHL) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, January 9th.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Greenhill & Co., Inc. from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Friday, December 22nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $17.00 target price on shares of Greenhill & Co., Inc. in a report on Thursday, October 19th. Sandler O’Neill cut Greenhill & Co., Inc. from a “buy” rating to a “hold” rating and lowered their target price for the company from $25.00 to $18.00 in a report on Tuesday, October 10th. Buckingham Research lifted their price objective on Greenhill & Co., Inc. from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Finally, Nomura decreased their price objective on Greenhill & Co., Inc. from $14.00 to $13.00 and set a “reduce” rating for the company in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.43.

Shares of Greenhill & Co., Inc. (NYSE GHL) opened at $17.85 on Tuesday. The stock has a market capitalization of $468.80, a price-to-earnings ratio of 24.79 and a beta of 1.15. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.32. Greenhill & Co., Inc. has a 52 week low of $13.80 and a 52 week high of $31.35.

Greenhill & Co., Inc. declared that its board has approved a stock repurchase program on Monday, October 9th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Greenhill & Co., Inc. by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,230,805 shares of the financial services provider’s stock worth $24,739,000 after buying an additional 69,460 shares during the period. Renaissance Technologies LLC increased its position in Greenhill & Co., Inc. by 27.3% during the second quarter. Renaissance Technologies LLC now owns 1,047,000 shares of the financial services provider’s stock worth $21,045,000 after buying an additional 224,400 shares during the period. FMR LLC increased its position in Greenhill & Co., Inc. by 45.5% during the second quarter. FMR LLC now owns 1,046,084 shares of the financial services provider’s stock worth $21,026,000 after buying an additional 327,039 shares during the period. Dalton Greiner Hartman Maher & Co. increased its position in Greenhill & Co., Inc. by 7.2% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 1,029,797 shares of the financial services provider’s stock worth $20,081,000 after buying an additional 68,977 shares during the period. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of Greenhill & Co., Inc. by 0.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 945,657 shares of the financial services provider’s stock valued at $18,440,000 after purchasing an additional 7,280 shares during the period. 96.88% of the stock is currently owned by institutional investors.

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Greenhill & Co., Inc. Company 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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Analyst Recommendations for Greenhill & Co., Inc. (NYSE:GHL)

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