Teachers Advisors LLC raised its stake in Greenhill & Co., Inc. (NYSE:GHL) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,914 shares of the financial services provider’s stock after buying an additional 5,355 shares during the period. Teachers Advisors LLC owned 0.20% of Greenhill & Co. worth $1,604,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in Greenhill & Co. during the fourth quarter valued at approximately $226,000. Two Sigma Investments LP boosted its stake in Greenhill & Co. by 29.7% in the fourth quarter. Two Sigma Investments LP now owns 48,329 shares of the financial services provider’s stock valued at $1,339,000 after buying an additional 11,061 shares during the period. Norges Bank purchased a new stake in Greenhill & Co. during the fourth quarter valued at approximately $4,867,000. Russell Investments Group Ltd. purchased a new stake in Greenhill & Co. during the fourth quarter valued at approximately $880,000. Finally, Guggenheim Capital LLC boosted its stake in Greenhill & Co. by 131.5% in the fourth quarter. Guggenheim Capital LLC now owns 20,353 shares of the financial services provider’s stock valued at $564,000 after buying an additional 11,561 shares during the period. 97.70% of the stock is currently owned by institutional investors.
Shares of Greenhill & Co., Inc. (NYSE GHL) traded up 1.70% during midday trading on Monday, hitting $20.90. 269,367 shares of the stock were exchanged. The stock has a market cap of $618.16 million, a P/E ratio of 12.09 and a beta of 1.32. The stock’s 50-day moving average price is $22.37 and its 200 day moving average price is $26.99. Greenhill & Co., Inc. has a one year low of $15.62 and a one year high of $32.45.
Greenhill & Co. (NYSE:GHL) last issued its earnings results on Thursday, April 27th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.10. The business had revenue of $56.90 million during the quarter, compared to analyst estimates of $68.76 million. Greenhill & Co. had a net margin of 17.09% and a return on equity of 20.42%. Greenhill & Co.’s revenue for the quarter was down 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. On average, analysts anticipate that Greenhill & Co., Inc. will post $1.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th will be issued a $0.45 dividend. The ex-dividend date is Monday, June 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.61%. Greenhill & Co.’s dividend payout ratio is 102.86%.
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Several analysts have recently commented on GHL shares. Nomura restated a “sell” rating and issued a $21.00 target price on shares of Greenhill & Co. in a research note on Monday, May 1st. Zacks Investment Research upgraded shares of Greenhill & Co. from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, April 18th. ValuEngine cut shares of Greenhill & Co. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet upgraded shares of Greenhill & Co. from a “c+” rating to a “b-” rating in a research note on Thursday, March 30th. Finally, Keefe, Bruyette & Woods started coverage on shares of Greenhill & Co. in a research note on Friday, June 2nd. They issued a “market perform” rating for the company. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has a consensus rating of “Sell” and a consensus price target of $22.57.
About Greenhill & Co.
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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