Sterling Capital Management LLC purchased a new stake in Greenhill & Co., Inc. (NYSE:GHL) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 210,645 shares of the financial services provider’s stock, valued at approximately $3,497,000. Sterling Capital Management LLC owned 0.80% of Greenhill & Co., Inc. as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in GHL. Dimensional Fund Advisors LP boosted its holdings in Greenhill & Co., Inc. by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,230,805 shares of the financial services provider’s stock worth $24,739,000 after purchasing an additional 69,460 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Greenhill & Co., Inc. by 27.3% during the second quarter. Renaissance Technologies LLC now owns 1,047,000 shares of the financial services provider’s stock worth $21,045,000 after purchasing an additional 224,400 shares during the last quarter. FMR LLC boosted its holdings in Greenhill & Co., Inc. 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 last quarter. Royce & Associates LP acquired a new position in Greenhill & Co., Inc. during the second quarter worth $19,952,000. Finally, State Street Corp boosted its holdings in Greenhill & Co., Inc. by 8.4% during the second quarter. State Street Corp now owns 819,258 shares of the financial services provider’s stock worth $16,463,000 after purchasing an additional 63,147 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Several research firms have issued reports on GHL. Sandler O’Neill lowered shares of Greenhill & Co., Inc. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $18.00 in a research report on Tuesday, October 10th. UBS reaffirmed a “sell” rating and set a $9.00 price target (down from $17.00) on shares of Greenhill & Co., Inc. in a research report on Monday, August 21st. Zacks Investment Research raised shares of Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Buckingham Research upped their price target on shares of Greenhill & Co., Inc. from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.00 price target on shares of Greenhill & Co., Inc. in a research report on Thursday, October 19th. Five research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.88.

Greenhill & Co., Inc. (GHL) opened at $18.50 on Friday. Greenhill & Co., Inc. has a 1 year low of $13.80 and a 1 year high of $32.45. The firm has a market cap of $487.18, a PE ratio of 23.19 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.83 and a quick ratio of 3.83.

Greenhill & Co., Inc. (NYSE:GHL) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.25). Greenhill & Co., Inc. had a return on equity of 8.88% and a net margin of 8.49%. The business had revenue of $48.09 million for the quarter, compared to the consensus estimate of $38.33 million. During the same period in the prior year, the business posted $0.41 earnings per share. Greenhill & Co., Inc.’s revenue was down 37.2% compared to the same quarter last year. sell-side analysts predict that Greenhill & Co., Inc. will post 0.05 EPS for the current fiscal year.

Greenhill & Co., Inc. declared that its board has approved a share repurchase program on Monday, September 25th that allows the company to buyback $235.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 55.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, December 5th. Greenhill & Co., Inc.’s dividend payout ratio is 27.03%.

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Greenhill & Co., Inc. 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.

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

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