State of Tennessee Treasury Department grew its stake in shares of Greenhill & Co., Inc. (NYSE:GHL) by 10.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,477 shares of the financial services provider’s stock after buying an additional 1,804 shares during the period. State of Tennessee Treasury Department’s holdings in Greenhill & Co., Inc. were worth $243,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wedge Capital Management L L P NC bought a new stake in shares of Greenhill & Co., Inc. during the second quarter valued at about $143,000. State of Alaska Department of Revenue increased its position in shares of Greenhill & Co., Inc. by 100.8% during the third quarter. State of Alaska Department of Revenue now owns 12,218 shares of the financial services provider’s stock valued at $160,000 after buying an additional 6,133 shares during the period. Paloma Partners Management Co bought a new stake in shares of Greenhill & Co., Inc. during the second quarter valued at about $259,000. Jefferies Group LLC increased its position in shares of Greenhill & Co., Inc. by 31.6% during the second quarter. Jefferies Group LLC now owns 21,175 shares of the financial services provider’s stock valued at $288,000 after buying an additional 5,080 shares during the period. Finally, A.R.T. Advisors LLC increased its position in shares of Greenhill & Co., Inc. by 60.3% during the second quarter. A.R.T. Advisors LLC now owns 28,183 shares of the financial services provider’s stock valued at $383,000 after buying an additional 10,600 shares during the period. Hedge funds and other institutional investors own 81.19% of the company’s stock.
In related news, CEO Scott L. Bok acquired 36,761 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average cost of $13.71 per share, for a total transaction of $503,993.31. Following the completion of the transaction, the chief executive officer now owns 16,791 shares in the company, valued at $230,204.61. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 20.80% of the stock is currently owned by corporate insiders.
Greenhill & Co., Inc. (NYSE:GHL) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.11. The company had revenue of $87.04 million for the quarter, compared to analysts’ expectations of $89.22 million. Greenhill & Co., Inc. had a negative net margin of 0.72% and a negative return on equity of 0.91%. Greenhill & Co., Inc.’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Tuesday, December 3rd.
Several research analysts recently weighed in on GHL shares. Buckingham Research decreased their price objective on shares of Greenhill & Co., Inc. from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. ValuEngine upgraded shares of Greenhill & Co., Inc. from a “hold” rating to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $20.80.
Greenhill & Co., Inc. Profile
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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