Greenhill & Co., Inc. (GHL) Position Reduced by Ancora Advisors LLC

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Ancora Advisors LLC lessened its position in Greenhill & Co., Inc. (NYSE:GHL) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 378,891 shares of the financial services provider’s stock after selling 9,967 shares during the quarter. Ancora Advisors LLC’s holdings in Greenhill & Co., Inc. were worth $9,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of Montreal Can raised its holdings in Greenhill & Co., Inc. by 1.9% in the 4th quarter. Bank of Montreal Can now owns 20,082 shares of the financial services provider’s stock worth $490,000 after acquiring an additional 365 shares during the period. Boston Partners raised its holdings in Greenhill & Co., Inc. by 2.0% in the 4th quarter. Boston Partners now owns 118,453 shares of the financial services provider’s stock worth $2,890,000 after acquiring an additional 2,327 shares during the period. Wells Fargo & Company MN raised its holdings in Greenhill & Co., Inc. by 6.8% in the 3rd quarter. Wells Fargo & Company MN now owns 40,770 shares of the financial services provider’s stock worth $1,074,000 after acquiring an additional 2,581 shares during the period. Citigroup Inc. raised its holdings in Greenhill & Co., Inc. by 24.8% in the 4th quarter. Citigroup Inc. now owns 17,406 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 3,461 shares during the period. Finally, Quantamental Technologies LLC bought a new position in Greenhill & Co., Inc. in the 4th quarter worth $106,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

NYSE GHL opened at $21.74 on Friday. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 5.42. The firm has a market capitalization of $456.05 million, a price-to-earnings ratio of 13.50 and a beta of 0.77. Greenhill & Co., Inc. has a 52-week low of $17.65 and a 52-week high of $33.45.

Greenhill & Co., Inc. (NYSE:GHL) last posted its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.22). The company had revenue of $89.10 million during the quarter, compared to analyst estimates of $91.55 million. Greenhill & Co., Inc. had a return on equity of 45.03% and a net margin of 11.14%. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.85) earnings per share. Research analysts forecast that Greenhill & Co., Inc. will post 1.27 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were given a $0.05 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.20 annualized dividend and a yield of 0.92%. Greenhill & Co., Inc.’s dividend payout ratio is 12.42%.

In other Greenhill & Co., Inc. news, President David Wyles sold 33,369 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $25.08, for a total value of $836,894.52. Following the sale, the president now directly owns 9,971 shares in the company, valued at approximately $250,072.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.60% of the company’s stock.

Several research analysts recently commented on GHL shares. TheStreet upgraded shares of Greenhill & Co., Inc. from a “c” rating to a “b-” rating in a report on Friday, March 15th. ValuEngine lowered shares of Greenhill & Co., Inc. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 31st. Sandler O’Neill upgraded shares of Greenhill & Co., Inc. from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Friday, December 7th. Zacks Investment Research lowered shares of Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Thursday, January 31st. Finally, Keefe, Bruyette & Woods restated a “mkt perform” rating and issued a $26.00 price target on shares of Greenhill & Co., Inc. in a research report on Friday, January 4th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.00.

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Greenhill & Co., Inc. Company 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.

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

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