NJ State Employees Deferred Compensation Plan continued to hold its position in shares of Greenhill & Co., Inc. (NYSE:GHL) during the second quarter, Holdings Channel reports. The firm owned 15,000 shares of the financial services provider’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Greenhill & Co. were worth $302,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GHL. BlackRock Inc. increased its position in shares of Greenhill & Co. by 81,935.7% in the first quarter. BlackRock Inc. now owns 4,075,535 shares of the financial services provider’s stock valued at $119,413,000 after buying an additional 4,070,567 shares during the last quarter. Dalton Greiner Hartman Maher & Co. purchased a new position in shares of Greenhill & Co. during the first quarter valued at about $13,223,000. Frontier Capital Management Co. LLC increased its position in shares of Greenhill & Co. by 51.6% in the first quarter. Frontier Capital Management Co. LLC now owns 991,391 shares of the financial services provider’s stock valued at $29,048,000 after buying an additional 337,524 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 valued at $11,978,000 after buying an additional 213,581 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Greenhill & Co. by 676.9% in the first quarter. Russell Investments Group Ltd. now owns 244,497 shares of the financial services provider’s stock valued at $7,164,000 after buying an additional 213,026 shares during the last quarter. 94.42% of the stock is currently owned by institutional investors and hedge funds.

Greenhill & Co., Inc. (NYSE GHL) opened at 16.70 on Thursday. The company’s 50-day moving average is $19.37 and its 200 day moving average is $24.75. The firm has a market cap of $493.94 million, a price-to-earnings ratio of 12.77 and a beta of 1.29. Greenhill & Co., Inc. has a 12 month low of $16.50 and a 12 month high of $32.45.

Greenhill & Co. (NYSE:GHL) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.10. The business had revenue of $67.27 million during the quarter, compared to analyst estimates of $72.25 million. Greenhill & Co. had a net margin of 13.98% and a return on equity of 15.64%. Greenhill & Co.’s revenue was down 25.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. On average, equities research analysts predict that Greenhill & Co., Inc. will post $0.55 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date of this dividend is Tuesday, September 12th. Greenhill & Co.’s dividend payout ratio (DPR) is presently 135.34%.

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GHL has been the topic of several recent analyst reports. Nomura reissued a “sell” rating and set a $21.00 price objective on shares of Greenhill & Co. in a research note on Monday, May 1st. Zacks Investment Research downgraded shares of Greenhill & Co. from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. ValuEngine raised shares of Greenhill & Co. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Keefe, Bruyette & Woods started coverage on shares of Greenhill & Co. in a research report on Friday, June 2nd. They set a “market perform” rating for the company. Finally, TheStreet lowered shares of Greenhill & Co. from a “b-” rating to a “c+” rating in a research report on Wednesday, June 21st. Seven investment 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. The stock currently has a consensus rating of “Sell” and a consensus price target of $22.00.

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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Institutional Ownership by Quarter for Greenhill & Co. (NYSE:GHL)

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