Greenhill & Co., Inc. (NYSE:GHL) shares dropped 0.3% on Wednesday . The company traded as low as $14.05 and last traded at $14.20. Approximately 178,630 shares changed hands during trading, a decline of 66% from the average daily volume of 525,556 shares. The stock had previously closed at $14.15.

GHL has been the topic of a number of analyst reports. ValuEngine cut shares of Greenhill & Co. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 14th. TheStreet cut shares of Greenhill & Co. from a “b-” rating to a “c+” rating in a research note on Wednesday, June 21st. Keefe, Bruyette & Woods restated a “hold” rating and set a $21.00 target price on shares of Greenhill & Co. in a research note on Friday, July 14th. Zacks Investment Research cut shares of Greenhill & Co. from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Finally, UBS AG restated a “sell” rating and set a $9.00 target price (down previously from $17.00) on shares of Greenhill & Co. in a research note on Monday, August 21st. Seven research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Greenhill & Co. presently has an average rating of “Sell” and an average price target of $20.75.

The company has a 50 day moving average of $16.74 and a 200 day moving average of $22.73. The company has a market cap of $420.86 million, a price-to-earnings ratio of 10.86 and a beta of 1.30.

Greenhill & Co. (NYSE:GHL) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.10. Greenhill & Co. had a net margin of 13.98% and a return on equity of 15.68%. The company had revenue of $67.27 million during the quarter, compared to analyst estimates of $72.25 million. During the same quarter last year, the business earned $0.62 EPS. The firm’s revenue for the quarter was down 25.7% compared to the same quarter last year. On average, equities analysts forecast that Greenhill & Co., Inc. will post $0.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $1.80 annualized dividend and a dividend yield of 12.68%. Greenhill & Co.’s dividend payout ratio (DPR) is 135.34%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue grew its position in shares of Greenhill & Co. by 44.5% in the second quarter. State of Alaska Department of Revenue now owns 7,615 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 2,345 shares during the period. Mason Street Advisors LLC grew its position in shares of Greenhill & Co. by 8.2% in the first quarter. Mason Street Advisors LLC now owns 6,432 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 489 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Greenhill & Co. by 1.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 9,499 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 102 shares during the period. Globeflex Capital L P acquired a new stake in shares of Greenhill & Co. in the first quarter valued at about $201,000. Finally, People s United Financial Inc. grew its position in shares of Greenhill & Co. by 0.8% in the second quarter. People s United Financial Inc. now owns 10,432 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 97.12% of the company’s stock.

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Greenhill & Co. Company Profile

Greenhill & Co, Inc is an investment bank. The Company provides financial and strategic advice 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 globally.

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