Greenhill & Co., Inc. (NYSE:GHL) Receives Average Rating of “Hold” from Analysts

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Greenhill & Co., Inc. (NYSE:GHL) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $20.60.

GHL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $23.50 to $23.00 in a research report on Tuesday, April 30th. Zacks Investment Research cut W. R. Grace & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. TheStreet cut Weibo from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. UBS Group set a €45.00 ($52.33) price objective on Fuchs Petrolub and gave the company a “buy” rating in a research report on Thursday, March 21st. Finally, Buckingham Research cut their price objective on PJT Partners from $49.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday.

Shares of GHL traded up $0.01 during mid-day trading on Tuesday, reaching $14.38. The company’s stock had a trading volume of 236,976 shares, compared to its average volume of 236,245. Greenhill & Co., Inc. has a 1-year low of $13.00 and a 1-year high of $33.45. The stock has a market cap of $302.83 million, a PE ratio of 8.93 and a beta of 0.85. The business’s 50-day moving average price is $14.69. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 11.46.

Greenhill & Co., Inc. (NYSE:GHL) last released its quarterly earnings data on Monday, April 29th. The financial services provider reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.34). Greenhill & Co., Inc. had a net margin of 5.53% and a return on equity of 32.81%. The business had revenue of $51.20 million during the quarter, compared to analyst estimates of $57.43 million. During the same period in the previous year, the business earned $0.21 earnings per share. The business’s quarterly revenue was down 41.5% on a year-over-year basis. As a group, research analysts predict that Greenhill & Co., Inc. will post 0.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.39%. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is currently 12.42%.

Several hedge funds and other institutional investors have recently made changes to their positions in GHL. Norges Bank bought a new position in shares of Greenhill & Co., Inc. during the fourth quarter worth approximately $6,255,000. Prudential Financial Inc. increased its stake in shares of Greenhill & Co., Inc. by 476.0% during the fourth quarter. Prudential Financial Inc. now owns 180,466 shares of the financial services provider’s stock worth $4,404,000 after purchasing an additional 149,135 shares during the period. Millennium Management LLC increased its stake in shares of Greenhill & Co., Inc. by 73.3% during the fourth quarter. Millennium Management LLC now owns 297,687 shares of the financial services provider’s stock worth $7,264,000 after purchasing an additional 125,872 shares during the period. Spark Investment Management LLC bought a new position in shares of Greenhill & Co., Inc. during the first quarter worth approximately $2,303,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Greenhill & Co., Inc. during the first quarter worth approximately $1,640,000. Institutional investors own 84.00% of the company’s stock.

Greenhill & Co., Inc. Company Profile

Greenhill & Co, Inc, an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The company offers advisory services to clients in relation to mergers, acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of a transaction's life cycle ranging from initial structuring and negotiation to final execution.

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Analyst Recommendations for Greenhill & Co., Inc. (NYSE:GHL)

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