Greenhill & Co., Inc. (NYSE:GHL) Price Target Lowered to $15.00 at Buckingham Research

Greenhill & Co., Inc. (NYSE:GHL) had its price objective cut by Buckingham Research from $18.00 to $15.00 in a research report report published on Wednesday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the financial services provider’s stock.

Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Greenhill & Co., Inc. from a buy rating to a hold rating in a report on Friday, July 19th. ValuEngine upgraded shares of Greenhill & Co., Inc. from a hold rating to a buy rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $21.17.

Shares of NYSE GHL traded up $0.55 during midday trading on Wednesday, reaching $14.13. The company’s stock had a trading volume of 253,073 shares, compared to its average volume of 300,156. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 17.56. The company has a 50 day moving average price of $13.70 and a 200 day moving average price of $16.32. Greenhill & Co., Inc. has a one year low of $12.25 and a one year high of $31.08. The company has a market cap of $285.98 million, a price-to-earnings ratio of 8.78 and a beta of 0.85.

Greenhill & Co., Inc. (NYSE:GHL) last released its earnings results on Wednesday, July 31st. The financial services provider reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.98). Greenhill & Co., Inc. had a negative return on equity of 8.98% and a negative net margin of 2.03%. The business had revenue of $56.10 million during the quarter, compared to the consensus estimate of $64.26 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The firm’s revenue for the quarter was down 36.6% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.42%. Greenhill & Co., Inc.’s dividend payout ratio is currently 12.42%.

In related news, CEO Scott L. Bok acquired 36,761 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $13.71 per share, for a total transaction of $503,993.31. Following the purchase, the chief executive officer now owns 16,791 shares in the company, valued at $230,204.61. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott L. Bok acquired 107,220 shares of the company’s stock in a transaction on Monday, August 5th. The stock was bought at an average price of $14.30 per share, for a total transaction of $1,533,246.00. The disclosure for this purchase can be found here. 20.80% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Jefferies Group LLC increased its stake in Greenhill & Co., Inc. by 31.6% in the 2nd quarter. Jefferies Group LLC now owns 21,175 shares of the financial services provider’s stock valued at $288,000 after buying an additional 5,080 shares during the period. Paloma Partners Management Co acquired a new position in Greenhill & Co., Inc. in the 2nd quarter valued at approximately $259,000. Charles Schwab Investment Management Inc. increased its stake in Greenhill & Co., Inc. by 3.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 261,285 shares of the financial services provider’s stock valued at $3,551,000 after buying an additional 8,555 shares during the period. Dalton Greiner Hartman Maher & Co. increased its stake in Greenhill & Co., Inc. by 17.3% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 900,851 shares of the financial services provider’s stock valued at $11,819,000 after buying an additional 133,123 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Greenhill & Co., Inc. by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 239,604 shares of the financial services provider’s stock valued at $3,256,000 after buying an additional 13,367 shares during the period. Hedge funds and other institutional investors own 77.92% of the company’s stock.

About Greenhill & Co., Inc.

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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