Bowling Portfolio Management LLC raised its position in Greenhill & Co., Inc. (NYSE:GHL) by 78.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,555 shares of the financial services provider’s stock after buying an additional 22,181 shares during the period. Bowling Portfolio Management LLC owned about 0.17% of Greenhill & Co. worth $1,016,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in Greenhill & Co. by 109.4% in the first quarter. Goldman Sachs Group Inc. now owns 408,814 shares of the financial services provider’s stock worth $11,978,000 after buying an additional 213,581 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Greenhill & Co. during the fourth quarter worth approximately $226,000. Bank of Montreal Can raised its stake in Greenhill & Co. by 1,704.0% in the first quarter. Bank of Montreal Can now owns 25,870 shares of the financial services provider’s stock worth $758,000 after buying an additional 24,436 shares in the last quarter. Norges Bank acquired a new stake in Greenhill & Co. during the fourth quarter worth approximately $4,867,000. Finally, Guggenheim Capital LLC raised its stake in Greenhill & Co. by 131.5% in the fourth quarter. Guggenheim Capital LLC now owns 20,353 shares of the financial services provider’s stock worth $564,000 after buying an additional 11,561 shares in the last quarter. 94.47% of the stock is owned by hedge funds and other institutional investors.
Greenhill & Co., Inc. (GHL) opened at 17.95 on Thursday. The company has a market capitalization of $530.91 million, a PE ratio of 13.72 and a beta of 1.30. Greenhill & Co., Inc. has a 12 month low of $17.75 and a 12 month high of $32.45. The stock’s 50 day moving average is $19.99 and its 200-day moving average is $25.16.
Greenhill & Co. (NYSE:GHL) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.10. Greenhill & Co. had a return on equity of 15.64% and a net margin of 13.98%. The firm had revenue of $67.27 million for the quarter, compared to analyst estimates of $72.25 million. During the same quarter last year, the company earned $0.62 earnings per share. The company’s quarterly revenue was down 25.7% compared to the same quarter last year. On average, analysts expect that Greenhill & Co., Inc. will post $0.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 10.03%. The ex-dividend date is Tuesday, September 12th. Greenhill & Co.’s dividend payout ratio (DPR) is presently 135.34%.
A number of analysts have commented on GHL shares. Zacks Investment Research lowered shares of Greenhill & Co. from a “hold” rating to a “sell” rating in a report on Monday, June 19th. Nomura reaffirmed a “sell” rating and set a $21.00 target price on shares of Greenhill & Co. in a report on Monday, May 1st. ValuEngine raised shares of Greenhill & Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods started coverage on shares of Greenhill & Co. in a research report on Friday, June 2nd. They set a “market perform” rating on the stock. Finally, TheStreet cut shares of Greenhill & Co. from a “b-” rating to a “c+” rating in a research report on Wednesday, June 21st. Seven analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Sell” and a consensus target price of $22.00.
About Greenhill & Co.
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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