Greenhill & Co., Inc. (GHL) Stake Decreased by Rhumbline Advisers

Rhumbline Advisers lessened its stake in shares of Greenhill & Co., Inc. (NYSE:GHL) by 9.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,708 shares of the financial services provider’s stock after selling 6,012 shares during the quarter. Rhumbline Advisers owned about 0.24% of Greenhill & Co., Inc. worth $1,611,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Engineers Gate Manager LP purchased a new position in shares of Greenhill & Co., Inc. during the 2nd quarter worth about $1,780,000. KBC Group NV purchased a new position in shares of Greenhill & Co., Inc. during the 2nd quarter worth about $1,193,000. TD Asset Management Inc. purchased a new position in shares of Greenhill & Co., Inc. during the 2nd quarter worth about $206,000. Piedmont Investment Advisors LLC purchased a new position in shares of Greenhill & Co., Inc. during the 2nd quarter worth about $145,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Greenhill & Co., Inc. during the 2nd quarter worth about $213,000. Institutional investors and hedge funds own 99.55% of the company’s stock.

In related news, President Kevin M. Costantino sold 8,175 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $32.24, for a total value of $263,562.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 15.60% of the company’s stock.

NYSE GHL opened at $27.05 on Friday. Greenhill & Co., Inc. has a one year low of $14.05 and a one year high of $33.45. The company has a debt-to-equity ratio of 3.40, a quick ratio of 3.61 and a current ratio of 3.61. The company has a market capitalization of $610.40 million, a P/E ratio of 100.18 and a beta of 1.05.

Greenhill & Co., Inc. (NYSE:GHL) last posted its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.05. Greenhill & Co., Inc. had a negative net margin of 5.25% and a positive return on equity of 3.15%. The firm had revenue of $88.50 million for the quarter, compared to analyst estimates of $79.93 million. During the same quarter last year, the firm posted $0.20 earnings per share. Greenhill & Co., Inc.’s revenue for the quarter was up 31.6% compared to the same quarter last year. equities research analysts predict that Greenhill & Co., Inc. will post 1.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Wednesday, September 5th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 4th. This represents a $0.20 annualized dividend and a yield of 0.74%. Greenhill & Co., Inc.’s payout ratio is -71.43%.

Several research analysts recently commented on the stock. ValuEngine upgraded shares of Greenhill & Co., Inc. from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 2nd. Bank of America raised their price target on shares of Greenhill & Co., Inc. from $15.00 to $17.00 and gave the company an “underperform” rating in a report on Monday, July 16th. Sandler O’Neill set a $32.00 price target on shares of Greenhill & Co., Inc. and gave the company a “hold” rating in a report on Friday, July 13th. Keefe, Bruyette & Woods lowered shares of Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and raised their price target for the company from $22.00 to $25.00 in a report on Wednesday, June 6th. Finally, Zacks Investment Research lowered shares of Greenhill & Co., Inc. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 12th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $23.00.

About Greenhill & Co., Inc.

Greenhill & Co, Inc, together with its subsidiaries, operates as an independent investment bank for corporations, partnerships, institutions, and governments worldwide. The company provides financial advisory services primarily related to mergers and acquisitions, restructurings, financings, and capital raisings.

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Institutional Ownership by Quarter for Greenhill & Co., Inc. (NYSE:GHL)

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