Boston Partners Trims Holdings in Greenhill & Co., Inc. (NYSE:GHL)
Boston Partners decreased its position in shares of Greenhill & Co., Inc. (NYSE:GHL) by 1.1% during the third quarter, Holdings Channel.com reports. The fund owned 113,932 shares of the financial services provider’s stock after selling 1,253 shares during the quarter. Boston Partners’ holdings in Greenhill & Co., Inc. were worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new stake in Greenhill & Co., Inc. during the 3rd quarter valued at approximately $55,000. Wedge Capital Management L L P NC bought a new position in Greenhill & Co., Inc. in the 2nd quarter worth approximately $143,000. State of Alaska Department of Revenue grew its holdings in Greenhill & Co., Inc. by 100.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,218 shares of the financial services provider’s stock valued at $160,000 after buying an additional 6,133 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in Greenhill & Co., Inc. by 10.8% during the 3rd quarter. State of Tennessee Treasury Department now owns 18,477 shares of the financial services provider’s stock valued at $243,000 after buying an additional 1,804 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Greenhill & Co., Inc. during the 2nd quarter valued at approximately $259,000. Institutional investors own 76.67% of the company’s stock.
Several equities analysts have recently commented on GHL shares. ValuEngine raised shares of Greenhill & Co., Inc. from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Buckingham Research cut their target price on shares of Greenhill & Co., Inc. from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Greenhill & Co., Inc. currently has an average rating of “Hold” and an average price target of $20.80.
Greenhill & Co., Inc. (NYSE:GHL) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Greenhill & Co., Inc. had a negative return on equity of 0.91% and a negative net margin of 0.72%. The company had revenue of $87.04 million during the quarter, compared to analyst estimates of $89.22 million. During the same period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was up .3% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Tuesday, December 3rd.
Greenhill & Co., Inc. 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.
Further Reading: When can a hold rating present a buying opportunity?
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