Greenhill & Co. (GHL) Sees Large Volume Increase
Greenhill & Co. (NYSE:GHL) shares saw unusually-strong trading volume on Tuesday . Approximately 629,653 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 559,442 shares.The stock last traded at $18.07 and had previously closed at $17.60.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Greenhill & Co. from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 29th. Credit Suisse Group AG dropped their price objective on shares of Greenhill & Co. from $24.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, April 8th. Nomura Holdings Inc. dropped their price objective on shares of Greenhill & Co. from $29.00 to $28.00 in a report on Tuesday, March 15th. Finally, Goldman Sachs Group Inc. lowered shares of Greenhill & Co. from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $33.00 to $25.00 in a report on Wednesday, April 6th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $28.14.
The firm has a 50-day moving average of $18.84 and a 200 day moving average of $21.35. The company has a market capitalization of $540.82 million and a P/E ratio of 25.61.
Greenhill & Co. (NYSE:GHL) last announced its earnings results on Wednesday, April 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The business earned $66.90 million during the quarter, compared to analyst estimates of $61.43 million. During the same period in the previous year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that Greenhill & Co. will post $1.32 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.23%. The ex-dividend date of this dividend was Monday, June 6th.
Other institutional investors have made changes to their positions in the company. Rutabaga Capital Management LLC MA acquired a new position in shares of Greenhill & Co. during the fourth quarter worth about $18,173,000. South Dakota Investment Council raised its position in shares of Greenhill & Co. by 67.3% in the fourth quarter. South Dakota Investment Council now owns 208,100 shares of the company’s stock worth $5,954,000 after buying an additional 83,700 shares during the last quarter. Comerica Bank raised its position in shares of Greenhill & Co. by 28.3% in the fourth quarter. Comerica Bank now owns 93,562 shares of the company’s stock worth $2,260,000 after buying an additional 20,655 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Greenhill & Co. by 20.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 105,487 shares of the company’s stock worth $3,018,000 after buying an additional 17,899 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Greenhill & Co. by 2.3% in the fourth quarter. California Public Employees Retirement System now owns 134,900 shares of the company’s stock worth $3,859,000 after buying an additional 3,000 shares during the last quarter.
Greenhill & Co, Inc is an investment bank. The Company provides financial and advisory services 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.
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