B. Riley Financial Inc. Invests $260,000 in Greenhill & Co., Inc. (GHL)

B. Riley Financial Inc. purchased a new position in Greenhill & Co., Inc. (NYSE:GHL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 15,659 shares of the financial services provider’s stock, valued at approximately $260,000. B. Riley Financial Inc. owned approximately 0.06% of Greenhill & Co., Inc. as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in Greenhill & Co., Inc. by 44.5% during the second quarter. State of Alaska Department of Revenue now owns 7,615 shares of the financial services provider’s stock valued at $152,000 after buying an additional 2,345 shares in the last quarter. Mint Tower Capital Management B.V. acquired a new stake in Greenhill & Co., Inc. during the third quarter valued at approximately $166,000. Sheaff Brock Investment Advisors LLC acquired a new stake in Greenhill & Co., Inc. during the third quarter valued at approximately $183,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Greenhill & Co., Inc. during the third quarter valued at approximately $185,000. Finally, Oppenheimer Asset Management Inc. raised its stake in Greenhill & Co., Inc. by 1.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 9,499 shares of the financial services provider’s stock valued at $191,000 after buying an additional 102 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Shares of Greenhill & Co., Inc. (GHL) traded down $0.30 during trading on Thursday, hitting $19.30. The stock had a trading volume of 533,300 shares, compared to its average volume of 590,951. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.83 and a quick ratio of 3.83. The firm has a market cap of $514.76, a PE ratio of 24.50 and a beta of 1.31. Greenhill & Co., Inc. has a fifty-two week low of $13.80 and a fifty-two week high of $32.45.

Greenhill & Co., Inc. (NYSE:GHL) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.25). The company had revenue of $48.09 million for the quarter, compared to analyst estimates of $38.33 million. Greenhill & Co., Inc. had a return on equity of 8.88% and a net margin of 8.49%. The firm’s revenue for the quarter was down 37.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. research analysts forecast that Greenhill & Co., Inc. will post 0.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, December 5th. Greenhill & Co., Inc.’s payout ratio is 27.03%.

Greenhill & Co., Inc. announced that its Board of Directors has authorized a share repurchase program on Monday, September 25th that authorizes the company to buyback $235.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 55.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Several brokerages have issued reports on GHL. Zacks Investment Research upgraded Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Bank of America cut their price objective on Greenhill & Co., Inc. from $13.00 to $12.00 and set an “underperform” rating on the stock in a research note on Thursday, October 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $17.00 price objective on shares of Greenhill & Co., Inc. in a research note on Thursday, October 19th. Sandler O’Neill cut Greenhill & Co., Inc. from a “buy” rating to a “hold” rating and cut their price objective for the company from $25.00 to $18.00 in a research note on Tuesday, October 10th. Finally, Nomura cut their price objective on Greenhill & Co., Inc. from $16.00 to $14.00 and set a “reduce” rating on the stock in a research note on Tuesday, September 26th. Five equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Greenhill & Co., Inc. has a consensus rating of “Hold” and an average price target of $16.88.

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Greenhill & Co., Inc. Profile

Greenhill & Co, Inc is an investment bank. The Company provides financial and strategic advice on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising and other transactions to a diverse client base, including corporations, partnerships, institutions and governments globally.

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

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