Greenhill & Co., Inc. (NYSE:GHL) shares traded up 5.9% during mid-day trading on Friday . The company traded as high as $26.06 and last traded at $24.97. 687,842 shares changed hands during mid-day trading, an increase of 52% from the average session volume of 451,433 shares. The stock had previously closed at $23.57.

A number of research analysts have issued reports on the company. Sandler O’Neill raised Greenhill & Co., Inc. from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Friday. Goldman Sachs Group assumed coverage on Greenhill & Co., Inc. in a report on Tuesday, November 6th. They issued a “sell” rating and a $23.00 price target for the company. Finally, ValuEngine downgraded Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.17.

The firm has a market cap of $476.38 million, a PE ratio of -89.18 and a beta of 1.16. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.92 and a quick ratio of 2.92.

Greenhill & Co., Inc. (NYSE:GHL) last announced its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.15. Greenhill & Co., Inc. had a return on equity of 16.89% and a net margin of 0.56%. The company had revenue of $86.80 million during the quarter. On average, research analysts anticipate that Greenhill & Co., Inc. will post 1.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, December 4th. Greenhill & Co., Inc.’s payout ratio is presently -71.43%.

In other Greenhill & Co., Inc. news, Chairman Robert F. Greenhill bought 219,770 shares of Greenhill & Co., Inc. stock in a transaction dated Wednesday, November 14th. The stock was acquired at an average cost of $22.69 per share, with a total value of $4,986,581.30. Following the purchase, the chairman now directly owns 282,579 shares in the company, valued at approximately $6,411,717.51. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Scott L. Bok bought 42,500 shares of Greenhill & Co., Inc. stock in a transaction dated Thursday, November 8th. The shares were acquired at an average cost of $23.26 per share, with a total value of $988,550.00. The disclosure for this purchase can be found here. Insiders acquired 483,934 shares of company stock valued at $10,985,994 over the last three months. 15.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Greenhill & Co., Inc. by 15.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,430,006 shares of the financial services provider’s stock worth $64,031,000 after buying an additional 332,025 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Greenhill & Co., Inc. by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,141,400 shares of the financial services provider’s stock worth $30,076,000 after buying an additional 10,153 shares during the period. Ancora Advisors LLC raised its stake in shares of Greenhill & Co., Inc. by 9.5% during the 3rd quarter. Ancora Advisors LLC now owns 388,858 shares of the financial services provider’s stock worth $10,247,000 after buying an additional 33,717 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Greenhill & Co., Inc. by 2.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 314,760 shares of the financial services provider’s stock worth $8,940,000 after buying an additional 7,524 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Greenhill & Co., Inc. by 7.2% during the 1st quarter. Principal Financial Group Inc. now owns 240,361 shares of the financial services provider’s stock worth $4,447,000 after buying an additional 16,112 shares during the period. 93.81% of the stock is owned by institutional investors and hedge funds.

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Greenhill & Co., Inc. Company Profile (NYSE:GHL)

Greenhill & Co, Inc, together with its subsidiaries, operates as an independent investment bank for corporations, partnerships, institutions, and governments worldwide. The company provides financial advisory services primarily related to mergers and acquisitions, restructurings, financings, and capital raisings.

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