Greenhill & Co. (GHL) Sees Large Volume Increase
Greenhill & Co. (NYSE:GHL) shares saw strong trading volume on Thursday . 1,063,447 shares traded hands during 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.
A number of equities research analysts recently issued reports on the company. Credit Suisse Group AG set a $13.00 price target on Greenhill & Co. and gave the stock a “sell” rating in a research report on Tuesday. Zacks Investment Research downgraded Greenhill & Co. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Greenhill & Co. presently has an average rating of “Hold” and a consensus price target of $27.38.
The company’s 50-day moving average price is $18.57 and its 200 day moving average price is $20.65. The stock has a market capitalization of $621.03 million and a P/E ratio of 20.48.
Greenhill & Co. (NYSE:GHL) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. During the same period last year, the firm posted $0.30 EPS. The company earned $90.50 million during the quarter, compared to the consensus estimate of $89.61 million. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, equities analysts predict that Greenhill & Co. will post $1.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th will be issued a $0.45 dividend. The ex-dividend date is Friday, September 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.58%.
A number of large investors have modified their holdings of GHL. California Public Employees Retirement System boosted its stake in shares of 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. Rhumbline Advisers boosted its stake in shares of 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 during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of 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.
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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