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

ValuEngine upgraded shares of Greenhill & Co., Inc. (NYSE:GHL) from a sell rating to a hold rating in a research report report published on Thursday morning, ValuEngine reports.

GHL has been the subject of several other reports. Keefe, Bruyette & Woods cut shares of Greenhill & Co., Inc. from a market perform rating to an underperform rating and decreased their price target for the stock from $23.50 to $23.00 in a report on Tuesday, April 30th. Buckingham Research decreased their price target on shares of Greenhill & Co., Inc. from $29.00 to $18.00 and set a neutral rating for the company in a report on Thursday, July 11th. TheStreet cut shares of Greenhill & Co., Inc. from a b- rating to a c- rating in a report on Friday, May 31st. Finally, Zacks Investment Research cut shares of Greenhill & Co., Inc. from a buy rating to a hold rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $21.67.

Shares of GHL stock traded up $1.18 during trading on Thursday, hitting $14.14. 508,349 shares of the company were exchanged, compared to its average volume of 249,261. The company has a debt-to-equity ratio of 11.46, a current ratio of 3.67 and a quick ratio of 3.67. The company has a market capitalization of $349.58 million, a price-to-earnings ratio of 8.78 and a beta of 0.84. The business’s 50-day moving average is $14.35. Greenhill & Co., Inc. has a twelve month low of $12.65 and a twelve month high of $33.45.

Greenhill & Co., Inc. (NYSE:GHL) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported ($0.53) EPS for the quarter, missing the consensus estimate of $0.45 by ($0.98). The company had revenue of $56.10 million for the quarter, compared to analyst estimates of $64.26 million. Greenhill & Co., Inc. had a negative return on equity of 7.72% and a negative net margin of 2.03%. The business’s revenue for the quarter was down 36.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Tuesday, September 3rd. Greenhill & Co., Inc.’s dividend payout ratio is currently 12.42%.

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its holdings in shares of Greenhill & Co., Inc. by 38.7% during 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 during the period. Deutsche Bank AG raised its position in Greenhill & Co., Inc. by 36.7% during the fourth quarter. Deutsche Bank AG now owns 98,126 shares of the financial services provider’s stock valued at $2,392,000 after acquiring an additional 26,333 shares in the last quarter. Bank of America Corp DE raised its position in Greenhill & Co., Inc. by 28.5% during the fourth quarter. Bank of America Corp DE now owns 35,868 shares of the financial services provider’s stock valued at $875,000 after acquiring an additional 7,957 shares in the last quarter. Squarepoint Ops LLC bought a new position in Greenhill & Co., Inc. during the fourth quarter valued at approximately $321,000. Finally, Norges Bank bought a new position in Greenhill & Co., Inc. during the fourth quarter valued at approximately $6,255,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

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.

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

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