Greenhill & Co., Inc. (GHL) Shares Bought by Quantbot Technologies LP
Quantbot Technologies LP lifted its holdings in Greenhill & Co., Inc. (NYSE:GHL) by 938.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,490 shares of the financial services provider’s stock after acquiring an additional 14,902 shares during the period. Quantbot Technologies LP owned approximately 0.06% of Greenhill & Co. worth $331,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Greenhill & Co. by 81,935.7% in the 1st quarter. BlackRock Inc. now owns 4,075,535 shares of the financial services provider’s stock valued at $119,413,000 after purchasing an additional 4,070,567 shares during the period. Vanguard Group Inc. grew its stake in Greenhill & Co. by 9.0% during the first quarter. Vanguard Group Inc. now owns 2,501,252 shares of the financial services provider’s stock worth $73,287,000 after purchasing an additional 206,495 shares during the period. Dimensional Fund Advisors LP grew its stake in Greenhill & Co. by 13.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,161,345 shares of the financial services provider’s stock worth $34,027,000 after purchasing an additional 133,754 shares during the period. FMR LLC grew its stake in Greenhill & Co. by 45.5% during the second quarter. FMR LLC now owns 1,046,084 shares of the financial services provider’s stock worth $21,026,000 after purchasing an additional 327,039 shares during the period. Finally, Royce & Associates LP acquired a new stake in Greenhill & Co. during the second quarter worth approximately $19,952,000. 97.12% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on GHL. ValuEngine downgraded Greenhill & Co. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Nomura dropped their price target on Greenhill & Co. from $16.00 to $14.00 and set a “reduce” rating on the stock in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $21.00 price target on shares of Greenhill & Co. in a report on Friday, July 14th. TheStreet cut Greenhill & Co. from a “b-” rating to a “c+” rating in a report on Wednesday, June 21st. Finally, Buckingham Research raised their price objective on shares of Greenhill & Co. from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 26th. Seven research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Greenhill & Co. has a consensus rating of “Sell” and an average price target of $19.67.
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Greenhill & Co., Inc. (GHL) opened at 16.60 on Monday. The firm has a market capitalization of $491.99 million, a P/E ratio of 12.69 and a beta of 1.27. Greenhill & Co., Inc. has a 1-year low of $13.80 and a 1-year high of $32.45. The company’s 50-day moving average price is $15.53 and its 200-day moving average price is $21.77.
Greenhill & Co. (NYSE:GHL) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.20 EPS for the quarter, missing the Thomson Reuters’ 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 quarter last year, the company posted $0.62 earnings per share. The firm’s revenue for the quarter was down 25.7% compared to the same quarter last year. Equities research analysts expect that Greenhill & Co., Inc. will post $0.37 earnings per share for the current fiscal year.
Greenhill & Co. declared that its board has initiated a share buyback program on Monday, September 25th that authorizes the company to repurchase $235.00 million in 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 usually an indication that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.84%. The ex-dividend date of this dividend was Tuesday, September 12th. Greenhill & Co.’s payout ratio is 135.34%.
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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