Greenhill & Co. (GHL) Sees Strong Trading Volume
Greenhill & Co. (NYSE:GHL) saw strong trading volume on Thursday . 1,063,447 shares traded hands during mid-day trading, an increase of 114% from the previous session’s volume of 497,077 shares.The stock last traded at $20.84 and had previously closed at $20.83.
Several research firms have recently weighed in on GHL. Credit Suisse Group AG set a $13.00 target price on Greenhill & Co. and gave the company a “sell” rating in a research report on Tuesday. Zacks Investment Research upgraded Greenhill & Co. from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.38.
The firm’s 50-day moving average is $18.55 and its 200-day moving average is $20.65. The firm has a market cap of $624.04 million and a PE ratio of 20.43.
Greenhill & Co. (NYSE:GHL) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.13. The company had revenue of $90.50 million for the quarter, compared to the consensus estimate of $89.61 million. Greenhill & Co.’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. On average, equities research analysts predict that Greenhill & Co. will post $1.44 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $1.80 annualized dividend and a yield of 8.60%.
Other large investors recently modified their holdings of the company. California State Teachers Retirement System raised its position in Greenhill & Co. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 54,273 shares of the company’s stock worth $1,553,000 after buying an additional 886 shares in the last quarter. Rhumbline Advisers raised its position in Greenhill & Co. by 8.2% in the fourth quarter. Rhumbline Advisers now owns 35,503 shares of the company’s stock worth $1,016,000 after buying an additional 2,705 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in 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 in 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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