GreenTree Hospitality Group (NYSE:GHG) Shares Gap Down to $8.38

GreenTree Hospitality Group Ltd. (NYSE:GHG) gapped down prior to trading on Thursday . The stock had previously closed at $8.38, but opened at $8.00. GreenTree Hospitality Group shares last traded at $7.44, with a volume of 2,143 shares.

The firm has a 50 day simple moving average of $8.23 and a 200 day simple moving average of $8.91. The firm has a market cap of $742.99 million, a P/E ratio of 17.55, a P/E/G ratio of 0.35 and a beta of 0.73.

GreenTree Hospitality Group (NYSE:GHG) last issued its earnings results on Monday, November 15th. The company reported $0.12 EPS for the quarter. GreenTree Hospitality Group had a return on equity of 13.92% and a net margin of 27.91%. The business had revenue of $53.75 million during the quarter. On average, equities analysts predict that GreenTree Hospitality Group Ltd. will post 0.55 EPS for the current fiscal year.

The business also recently announced a dividend, which will be paid on Sunday, January 30th. Shareholders of record on Friday, January 14th will be paid a $0.75 dividend. The ex-dividend date is Thursday, January 13th. GreenTree Hospitality Group’s dividend payout ratio is currently 132.50%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC boosted its stake in GreenTree Hospitality Group by 195.6% in the 3rd quarter. Signaturefd LLC now owns 3,721 shares of the company’s stock worth $30,000 after purchasing an additional 2,462 shares during the period. Bank of America Corp DE raised its holdings in shares of GreenTree Hospitality Group by 101.5% in the 2nd quarter. Bank of America Corp DE now owns 6,526 shares of the company’s stock valued at $72,000 after acquiring an additional 3,288 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of GreenTree Hospitality Group in the 2nd quarter valued at about $126,000. Paloma Partners Management Co purchased a new stake in shares of GreenTree Hospitality Group in the 2nd quarter valued at about $136,000. Finally, Trexquant Investment LP purchased a new stake in shares of GreenTree Hospitality Group in the 2nd quarter valued at about $141,000. Institutional investors and hedge funds own 10.06% of the company’s stock.

GreenTree Hospitality Group Company Profile (NYSE:GHG)

GreenTree Hospitality Group Ltd. is a holding company engages in hospitality business. It specializes in the franchise, management, and operation of hotels in China through the GreenTree Inns brand. The company was founded by Alex S. Xu on October 18, 2017 and is headquartered in Shanghai, China.

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