Greenhill & Co. (GHL) Shares Sold by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA decreased its stake in Greenhill & Co. (NYSE:GHL) by 49.6% during the third quarter, Holdings Channel reports. The fund owned 4,515 shares of the company’s stock after selling 4,447 shares during the period. BNP Paribas Arbitrage SA’s holdings in Greenhill & Co. were worth $106,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Emerald Acquisition Ltd. acquired a new stake in shares of Greenhill & Co. during the second quarter valued at approximately $7,444,000. Renaissance Technologies LLC boosted its stake 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 valued at $26,822,000 after buying an additional 322,300 shares during the last quarter. FMR LLC boosted its stake in shares of Greenhill & Co. by 54.4% in the second quarter. FMR LLC now owns 825,805 shares of the company’s stock valued at $13,295,000 after buying an additional 291,036 shares during the last quarter. Adirondack Research & Management Inc. acquired a new stake in shares of Greenhill & Co. during the second quarter valued at approximately $4,411,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Greenhill & Co. by 25.3% in the first quarter. JPMorgan Chase & Co. now owns 1,260,631 shares of the company’s stock valued at $27,986,000 after buying an additional 254,320 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.
Greenhill & Co. (NYSE:GHL) opened at 23.07 on Friday. Greenhill & Co. has a 1-year low of $15.62 and a 1-year high of $29.30. The firm has a market cap of $683.22 million, a price-to-earnings ratio of 22.53 and a beta of 1.69. The firm has a 50-day moving average price of $22.93 and a 200 day moving average price of $20.59.
Greenhill & Co. (NYSE:GHL) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 company’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 EPS. Equities analysts predict that Greenhill & Co. will post $1.51 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $1.80 annualized dividend and a yield of 7.80%. Greenhill & Co.’s dividend payout ratio is presently 174.76%.
Several analysts have recently commented on GHL shares. Credit Suisse Group AG restated a “hold” rating and set a $13.00 target price on shares of Greenhill & Co. in a report on Wednesday, June 29th. Zacks Investment Research cut Greenhill & Co. from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Finally, Nomura restated a “hold” rating and set a $26.00 target price on shares of Greenhill & Co. in a report on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Greenhill & Co. presently has an average rating of “Hold” and a consensus price target of $27.38.
Greenhill & Co. Company Profile
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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