Greenhill & Co., Inc. (NYSE:GHL) Stock Crosses Above 200-Day Moving Average of $15.39

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Greenhill & Co., Inc. (NYSE:GHL) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.39 and traded as high as $17.84. Greenhill & Co., Inc. shares last traded at $17.64, with a volume of 7,808 shares traded.

A number of equities analysts have recently weighed in on GHL shares. ValuEngine raised shares of Greenhill & Co., Inc. from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Buckingham Research lowered their price objective on shares of Greenhill & Co., Inc. from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.00.

The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 13.69. The firm has a market cap of $336.78 million, a P/E ratio of -193.22 and a beta of 0.92. The company has a fifty day moving average price of $16.67 and a two-hundred day moving average price of $15.43.

Greenhill & Co., Inc. (NYSE:GHL) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.11. The business had revenue of $87.04 million during the quarter, compared to analyst estimates of $89.22 million. Greenhill & Co., Inc. had a negative return on equity of 0.91% and a negative net margin of 0.72%. Greenhill & Co., Inc.’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GHL. Tower Research Capital LLC TRC bought a new stake in shares of Greenhill & Co., Inc. in the third quarter valued at about $55,000. Jefferies Group LLC raised its holdings in Greenhill & Co., Inc. by 31.6% during the second quarter. Jefferies Group LLC now owns 21,175 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 5,080 shares in the last quarter. Paloma Partners Management Co acquired a new position in Greenhill & Co., Inc. during the second quarter valued at approximately $259,000. Morgan Stanley boosted its position in Greenhill & Co., Inc. by 115.1% during the second quarter. Morgan Stanley now owns 139,072 shares of the financial services provider’s stock valued at $1,890,000 after purchasing an additional 74,407 shares during the last quarter. Finally, Foundry Partners LLC boosted its position in Greenhill & Co., Inc. by 7.3% during the third quarter. Foundry Partners LLC now owns 312,445 shares of the financial services provider’s stock valued at $4,099,000 after purchasing an additional 21,200 shares during the last quarter. 76.44% of the stock is currently owned by hedge funds and other institutional investors.

About Greenhill & Co., Inc. (NYSE:GHL)

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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