Spark Investment Management LLC decreased its position in shares of Greenhill & Co., Inc. (NYSE:GHL) by 79.2% during the second quarter, Holdings Channel reports. The firm owned 29,500 shares of the financial services provider’s stock after selling 112,050 shares during the period. Spark Investment Management LLC’s holdings in Greenhill & Co. were worth $592,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. raised its stake in 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 stake in Greenhill & Co. during the first quarter valued at about $13,223,000. Frontier Capital Management Co. LLC raised its stake in 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. 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 valued at $11,978,000 after buying an additional 213,581 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in 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. Institutional investors and hedge funds own 94.42% of the company’s stock.

Greenhill & Co., Inc. (GHL) opened at 16.55 on Friday. Greenhill & Co., Inc. has a 52-week low of $16.30 and a 52-week high of $32.45. The company has a market cap of $490.51 million, a price-to-earnings ratio of 12.65 and a beta of 1.29. The company’s 50-day moving average is $19.18 and its 200 day moving average is $24.61.

Greenhill & Co. (NYSE:GHL) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.10. The company had revenue of $67.27 million during the quarter, compared to analysts’ expectations of $72.25 million. Greenhill & Co. had a return on equity of 15.68% and a net margin of 13.98%. Greenhill & Co.’s revenue for the quarter was down 25.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. Equities analysts forecast that Greenhill & Co., Inc. will post $0.55 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $1.80 annualized dividend and a yield of 10.88%. Greenhill & Co.’s payout ratio is 135.34%.

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Several analysts have recently issued reports on the stock. UBS AG reduced their target price on shares of Greenhill & Co. from $21.00 to $19.00 and set a “sell” rating for the company in a research note on Friday, April 28th. Keefe, Bruyette & Woods assumed coverage on shares of Greenhill & Co. in a research note on Thursday, June 1st. They issued a “market perform” rating and a $22.00 target price for the company. ValuEngine lowered shares of Greenhill & Co. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 14th. TheStreet lowered shares of Greenhill & Co. from a “b-” rating to a “c+” rating in a research note on Wednesday, June 21st. Finally, Zacks Investment Research lowered shares of Greenhill & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Seven equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. Greenhill & Co. currently has a consensus rating of “Sell” and a consensus target price 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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