Millennium Management LLC increased its stake in Greenhill & Co., Inc. (NYSE:GHL) by 46.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 525,487 shares of the financial services provider’s stock after purchasing an additional 165,584 shares during the quarter. Millennium Management LLC’s holdings in Greenhill & Co., Inc. were worth $10,247,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of GHL. The Manufacturers Life Insurance Company increased its stake in Greenhill & Co., Inc. by 9,562.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,073,680 shares of the financial services provider’s stock worth $40,436,000 after purchasing an additional 2,052,219 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Greenhill & Co., Inc. during the 4th quarter worth about $6,605,000. Hudson Bay Capital Management LP acquired a new stake in Greenhill & Co., Inc. during the 4th quarter worth about $5,785,000. TCW Group Inc. acquired a new stake in Greenhill & Co., Inc. during the 4th quarter worth about $4,658,000. Finally, Sterling Capital Management LLC acquired a new stake in Greenhill & Co., Inc. during the 3rd quarter worth about $3,497,000. 98.88% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the company. Zacks Investment Research lowered Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. ValuEngine lowered Greenhill & Co., Inc. from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Sandler O’Neill restated a “hold” rating and set a $19.50 price objective on shares of Greenhill & Co., Inc. in a research report on Tuesday, February 13th. Finally, Nomura decreased their price objective on Greenhill & Co., Inc. from $14.00 to $13.00 and set a “reduce” rating for the company in a research report on Wednesday, January 3rd. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has an average rating of “Sell” and an average price target of $15.64.
Greenhill & Co., Inc. (NYSE:GHL) last announced its quarterly earnings results on Tuesday, February 6th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.18). The firm had revenue of $66.89 million for the quarter, compared to analyst estimates of $57.36 million. Greenhill & Co., Inc. had a negative net margin of 11.14% and a negative return on equity of 3.43%. The firm’s quarterly revenue was down 34.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 earnings per share. equities analysts expect that Greenhill & Co., Inc. will post 0.93 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 1.08%. Greenhill & Co., Inc.’s dividend payout ratio is -71.43%.
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About Greenhill & Co., Inc.
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.
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