Greenhill & Co., Inc. (NYSE:GHL) Stock Rating Lowered by StockNews.com

Posted by Defense World Staff on Apr 11th, 2023

StockNews.com downgraded shares of Greenhill & Co., Inc. (NYSE:GHL – Get Rating) from a buy rating to a hold rating in a research note published on Monday.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods increased their price objective on Greenhill & Co., Inc. from $6.50 to $7.00 and gave the company a market perform rating in a report on Tuesday, January 3rd. JMP Securities reissued a market outperform rating and set a $20.00 price target on shares of Greenhill & Co., Inc. in a research report on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $10.75.

Greenhill & Co., Inc. Stock Down 10.5 %

NYSE:GHL opened at $7.02 on Monday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 3.33. Greenhill & Co., Inc. has a twelve month low of $5.64 and a twelve month high of $15.21. The company has a market cap of $128.54 million, a PE ratio of -100.29 and a beta of 1.21. The company’s 50 day moving average is $10.51 and its two-hundred day moving average is $9.78.

Greenhill & Co., Inc. (NYSE:GHL – Get Rating) last posted its quarterly earnings data on Wednesday, February 1st. The financial services provider reported $0.95 EPS for the quarter. The business had revenue of $95.82 million during the quarter. Greenhill & Co., Inc. had a net margin of 1.27% and a return on equity of 4.87%.

Greenhill & Co., Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 22nd. Stockholders of record on Wednesday, March 8th were paid a $0.10 dividend. The ex-dividend date was Tuesday, March 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.70%. Greenhill & Co., Inc.’s payout ratio is -571.43%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky purchased a new stake in Greenhill & Co., Inc. in the 3rd quarter worth approximately $33,000. Barclays PLC boosted its position in Greenhill & Co., Inc. by 139.0% during the fourth quarter. Barclays PLC now owns 3,456 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 2,010 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Greenhill & Co., Inc. in the first quarter valued at about $40,000. Trexquant Investment LP purchased a new stake in shares of Greenhill & Co., Inc. during the third quarter worth $62,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Greenhill & Co., Inc. during the 3rd quarter worth $63,000. 74.14% of the stock is currently owned by hedge funds and other institutional investors.

About Greenhill & Co., Inc.

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Greenhill & Co, Inc is an independent investment bank, which engages in the provision of financial and strategic advice. It specializes in mergers and acquisitions, divestitures, restructurings, financings, and capital raising. The company was founded by Robert F. Greenhill in 1996 and is headquartered in New York, NY.