Greenhill & Co., Inc. (NYSE: GHL – Get Rating) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,520,000 shares, a growth of 46.2% from the May 15th total of 1,040,000 shares. Based on an average trading volume of 167,100 shares, the short-interest ratio is currently 9.1 days. Currently, 11.8% of the company shares are sold short.
NYSE: GHL opened at $ 9.43 on Friday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 2.44 and a current ratio of 2.44. Greenhill & Co., Inc. has a 52-week low of $ 9.00 and a 52-week high of $ 20.32. The firm has a market cap of $ 172.47 million, a price-to-earnings ratio of 9.93 and a beta of 0.91. The business’s fifty day moving average is $ 12.51 and its 200 day moving average is $ 15.76.
Greenhill & Co., Inc. (NYSE: GHL – Get Rating) last posted its earnings results on Wednesday, April 27th. The financial services provider reported ($ 0.66) EPS for the quarter, missing the consensus estimate of $ 0.18 by ($ 0.84). Greenhill & Co., Inc. had a return on equity of 33.27% and a net margin of 9.56%. The business had revenue of $ 45.44 million for the quarter, compared to analysts’ expectations of $ 70.04 million. During the same quarter in the previous year, the firm earned $ 0.09 earnings per share. Equities analysts predict that Greenhill & Co., Inc. will post 1.29 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were given a dividend of $ 0.10 per share. This represents a $ 0.40 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Tuesday, May 31st. Greenhill & Co., Inc.’s payout ratio is 42.11%.
In related news, CEO Scott L. Bok acquired 44,110 shares of Greenhill & Co., Inc. stock in a transaction on Tuesday, May 3rd. The stock was purchased at an average cost of $ 12.93 per share, with a total value of $ 570,342.30. Following the completion of the transaction, the chief executive officer now directly owns 1,331,139 shares in the company, valued at approximately $ 17,211,627.27. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kevin Ferro acquired 10,000 shares of Greenhill & Co., Inc. stock in a transaction on Monday, May 2nd. The shares were bought at an average cost of $ 12.15 per share, with a total value of $ 121,500.00. Following the completion of the transaction, the director now owns 12,020 shares of the company stock, valued at $ 146,043. The disclosure for this purchase can be found here. Insiders purchased a total of 93,946 shares of company stock worth $ 1,147,962 over the last quarter. 28.10% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of Greenhill & Co., Inc. by 4.1% in the 1st quarter. Bank of America Corp DE now owns 32,021 shares of the financial services provider’s stock worth $ 495,000 after acquiring an additional 1,274 shares in the last quarter. Toroso Investments LLC bought a new position in shares of Greenhill & Co., Inc. in the 1st quarter worth approximately $ 158,000. Quantbot Technologies LP bought a new position in shares of Greenhill & Co., Inc. in the 1st quarter worth approximately $ 40,000. State Street Corp raised its position in shares of Greenhill & Co., Inc. by 2.1% in the 1st quarter. State Street Corp now owns 429,517 shares of the financial services provider’s stock worth $ 6,645,000 after acquiring an additional 9,040 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Greenhill & Co., Inc. by 7.2% in the 1st quarter. Invesco Ltd. now owns 141,749 shares of the financial services provider’s stock worth $ 2,193,000 after acquiring an additional 9,509 shares in the last quarter. 60.30% of the stock is owned by institutional investors and hedge funds.
GHL has been the subject of several recent analyst reports. JMP Securities cut their price objective on shares of Greenhill & Co., Inc. from $ 22.00 to $ 20.00 and set a “market outperform” rating for the company in a research report on Thursday, April 7th. TheStreet downgraded Greenhill & Co., Inc. from a “b-” rating to a “c” rating in a research note on Tuesday, May 31st. Keefe, Bruyette & Woods downgraded shares of Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $ 16.50 to $ 12.00 in a research report on Thursday, April 28th. Piper Sandler cut their price target on Greenhill & Co., Inc. from $ 17.00 to $ 15.00 and set a “neutral” rating on the stock in a report on Thursday, April 7th. Finally, StockNews.com downgraded Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research note on Friday, June 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company stock. According to data from MarketBeat, Greenhill & Co., Inc. has an average rating of “Hold” and a consensus price target of $ 15.25.
About Greenhill & Co., Inc. (Get Rating)
Greenhill & Co, Inc, an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutional investors, and governments worldwide. The company offers advisory services related to mergers and acquisitions, divestitures, restructurings, financings, private capital raising, and other similar transactions.
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