45,614 Shares in Greenhill & Co., Inc. (GHL) Purchased by Hancock Holding Co.
Hancock Holding Co. bought a new stake in Greenhill & Co., Inc. (NYSE:GHL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,614 shares of the financial services provider’s stock, valued at approximately $917,000. Hancock Holding Co. owned approximately 0.15% of Greenhill & Co. as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of GHL. Marshall Wace North America L.P. bought a new stake in Greenhill & Co. during the second quarter worth $1,274,000. Adirondack Research & Management Inc. lifted its holdings in Greenhill & Co. by 6.8% during the second quarter. Adirondack Research & Management Inc. now owns 187,865 shares of the financial services provider’s stock worth $3,776,000 after acquiring an additional 12,000 shares during the period. Royce & Associates LP bought a new stake in Greenhill & Co. during the second quarter worth $19,952,000. Goldman Sachs Group Inc. lifted its holdings in Greenhill & Co. by 109.4% during the first quarter. Goldman Sachs Group Inc. now owns 408,814 shares of the financial services provider’s stock worth $11,978,000 after acquiring an additional 213,581 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Greenhill & Co. by 338.7% during the second quarter. SG Americas Securities LLC now owns 24,916 shares of the financial services provider’s stock worth $501,000 after acquiring an additional 19,236 shares during the period. Institutional investors own 97.12% of the company’s stock.
A number of analysts recently commented on the company. Nomura dropped their price target on Greenhill & Co. from $16.00 to $14.00 and set a “reduce” rating on the stock in a report on Tuesday. Buckingham Research lifted their price target on Greenhill & Co. from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday. ValuEngine lowered Greenhill & Co. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. UBS AG reiterated a “sell” rating and set a $9.00 price target (down from $17.00) on shares of Greenhill & Co. in a report on Monday, August 21st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $21.00 price target on shares of Greenhill & Co. in a report on Friday, July 14th. Seven analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Greenhill & Co. has a consensus rating of “Sell” and a consensus price target of $19.67.
Greenhill & Co., Inc. (NYSE GHL) opened at 16.60 on Friday. The stock has a market capitalization of $491.99 million, a PE ratio of 12.69 and a beta of 1.30. The stock has a 50 day moving average price of $15.53 and a 200 day moving average price of $21.77. Greenhill & Co., Inc. has a 12 month low of $13.80 and a 12 month high of $32.45.
Greenhill & Co. (NYSE:GHL) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.10). Greenhill & Co. had a return on equity of 15.68% and a net margin of 13.98%. The company had revenue of $67.27 million during the quarter, compared to the consensus estimate of $72.25 million. During the same period in the prior year, the business posted $0.62 earnings per share. Greenhill & Co.’s revenue for the quarter was down 25.7% compared to the same quarter last year. On average, equities research analysts forecast that Greenhill & Co., Inc. will post $0.37 earnings per share for the current fiscal year.
Greenhill & Co. declared that its Board of Directors has approved a share buyback program on Monday, September 25th that authorizes the company to repurchase $235.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 55.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $1.80 dividend on an annualized basis and a yield of 10.84%. Greenhill & Co.’s dividend payout ratio is currently 135.34%.
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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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