Greenhill & Co. (GHL) Trading Down 3.1%
Shares of Greenhill & Co. (NYSE:GHL) were down 3.1% during mid-day trading on Thursday . The stock traded as low as $22.09 and last traded at $22.24, with a volume of 357,425 shares traded. The stock had previously closed at $22.94.
Several analysts have issued reports on GHL shares. Zacks Investment Research raised shares of Greenhill & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $13.00 price target on shares of Greenhill & Co. in a research report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Greenhill & Co. has a consensus rating of “Hold” and a consensus target price of $27.38.
The company’s 50-day moving average is $20.65 and its 200-day moving average is $20.55. The company has a market cap of $662.19 million and a PE ratio of 21.84.
Greenhill & Co. (NYSE:GHL) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.49 by $0.13. The company had revenue of $90.50 million for the quarter, compared to analyst estimates of $89.61 million. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. Analysts predict that Greenhill & Co. will post $1.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.05%. The ex-dividend date of this dividend is Friday, September 2nd.
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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