Greenhill & Co. (GHL) Rating Lowered to Hold at Zacks Investment Research
According to Zacks, “GREENHILL & CO., Inc. is a leading independent investment bank that provides financial advice on significant mergers, acquisitions and restructurings; assists private funds in raising capital from investors; and manages merchant banking funds. It acts for clients located throughout the world from its offices in New York, London, Frankfurt, Toronto, Dallas and San Francisco. “
Separately, Credit Suisse Group AG cut Greenhill & Co. from a neutral rating to an underperform rating and set a $13.00 target price for the company. in a research report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Greenhill & Co. currently has a consensus rating of Hold and an average target price of $27.38.
Greenhill & Co. (NYSE:GHL) opened at 22.94 on Monday. Greenhill & Co. has a 52-week low of $15.62 and a 52-week high of $29.30. The stock’s 50 day moving average price is $22.81 and its 200-day moving average price is $20.56. The company has a market cap of $679.37 million, a P/E ratio of 22.40 and a beta of 1.69.
Greenhill & Co. (NYSE:GHL) last announced its earnings results on Tuesday, July 26th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The firm earned $90.50 million during the quarter, compared to analysts’ expectations of $89.61 million. Greenhill & Co. had a return on equity of 11.72% and a net margin of 11.48%. The business’s revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. On average, equities analysts predict that Greenhill & Co. will post $1.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were given a dividend of $0.45 per share. The ex-dividend date was Friday, September 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 7.85%. Greenhill & Co.’s payout ratio is 174.76%.
Several institutional investors have recently modified their holdings of the company. Skyline Asset Management LP increased its position in shares of Greenhill & Co. by 4.0% in the first quarter. Skyline Asset Management LP now owns 1,133,700 shares of the company’s stock worth $25,168,000 after buying an additional 43,300 shares during the period. Renaissance Technologies LLC increased its position in shares of Greenhill & Co. by 36.4% in the first quarter. Renaissance Technologies LLC now owns 1,208,200 shares of the company’s stock worth $26,822,000 after buying an additional 322,300 shares during the period. Nisa Investment Advisors L.L.C. acquired a new position in shares of Greenhill & Co. during the first quarter worth about $311,000. Fisher Asset Management LLC increased its position in shares of Greenhill & Co. by 0.4% in the second quarter. Fisher Asset Management LLC now owns 632,644 shares of the company’s stock worth $11,135,000 after buying an additional 2,425 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Greenhill & Co. by 4.4% in the first quarter. Prudential Financial Inc. now owns 66,531 shares of the company’s stock worth $1,477,000 after buying an additional 2,800 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.
About Greenhill & Co.
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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