Greenhill & Co. (GHL) Stock Price Up 3.1%
Greenhill & Co. (NYSE:GHL) shares rose 3.1% during mid-day trading on Thursday . The company traded as high as $18.79 and last traded at $18.71, with a volume of 261,773 shares changing hands. The stock had previously closed at $18.15.
GHL has been the subject of a number of analyst reports. Zacks Investment Research downgraded Greenhill & Co. from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 19th. Credit Suisse Group AG restated a “hold” rating and issued a $13.00 price objective on shares of Greenhill & Co. in a research report on Wednesday, June 29th. Finally, Goldman Sachs Group Inc. cut Greenhill & Co. from a “buy” rating to a “neutral” rating and cut their price objective for the company from $33.00 to $25.00 in a research report on Wednesday, April 6th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $28.14.
The company has a 50 day moving average of $18.70 and a 200 day moving average of $21.24. The stock has a market capitalization of $567.07 million and a PE ratio of 26.85.
Greenhill & Co. (NYSE:GHL) last released its quarterly earnings results on Wednesday, April 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $66.90 million for the quarter, compared to analysts’ expectations of $61.43 million. During the same quarter in the prior year, the business earned $0.25 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts predict that Greenhill & Co. will post $1.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Investors of record on Wednesday, June 8th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, June 6th. This represents a $1.80 dividend on an annualized basis and a yield of 9.47%.
Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Comerica Bank increased its position in 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 in the last quarter. California State Teachers Retirement System boosted its stake 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 during the last quarter. California Public Employees Retirement System boosted its stake 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 during the last quarter. Russell Frank Co boosted its stake in Greenhill & Co. by 4.4% in the fourth quarter. Russell Frank Co now owns 289,853 shares of the company’s stock worth $8,429,000 after buying an additional 12,272 shares during the last quarter. Finally, Rutabaga Capital Management LLC MA bought a new stake in Greenhill & Co. during the fourth quarter worth $18,173,000.
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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