Simplex Trading LLC Acquires New Stake in Greenhill & Co., Inc. (GHL)

Simplex Trading LLC acquired a new position in Greenhill & Co., Inc. (NYSE:GHL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,672 shares of the financial services provider’s stock, valued at approximately $910,000.

Other hedge funds have also made changes to their positions in the company. Mint Tower Capital Management B.V. acquired a new position in Greenhill & Co., Inc. during the third quarter worth $166,000. Sheaff Brock Investment Advisors LLC acquired a new position in Greenhill & Co., Inc. during the third quarter worth $183,000. Hotchkis & Wiley Capital Management LLC acquired a new position in Greenhill & Co., Inc. during the third quarter worth $185,000. Oppenheimer Asset Management Inc. increased its holdings 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 worth $191,000 after buying an additional 102 shares during the last quarter. Finally, People s United Financial Inc. increased its holdings in Greenhill & Co., Inc. by 0.8% during the second quarter. People s United Financial Inc. now owns 10,432 shares of the financial services provider’s stock worth $210,000 after buying an additional 83 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on the stock. Bank of America lowered their target price on shares of Greenhill & Co., Inc. from $13.00 to $12.00 and set an “underperform” rating on the stock in a report on Thursday, October 19th. Nomura lowered their target price on shares of Greenhill & Co., Inc. from $14.00 to $13.00 and set a “reduce” rating on the stock in a report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Greenhill & Co., Inc. from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, December 22nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $17.00 target price on shares of Greenhill & Co., Inc. in a report on Thursday, October 19th. Finally, Buckingham Research boosted their target price on shares of Greenhill & Co., Inc. from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $16.75.

Shares of Greenhill & Co., Inc. (GHL) traded down $0.50 on Wednesday, reaching $18.60. 535,581 shares of the company were exchanged, compared to its average volume of 487,443. The firm has a market capitalization of $501.63, a P/E ratio of 25.83 and a beta of 1.32. Greenhill & Co., Inc. has a fifty-two week low of $13.80 and a fifty-two week high of $32.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.83 and a current ratio of 3.83.

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

Greenhill & Co., Inc. declared that its board has approved a stock buyback plan on Monday, September 25th that authorizes the company to repurchase $235.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 55.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were issued a $0.05 dividend. The ex-dividend date was Tuesday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.08%. Greenhill & Co., Inc.’s dividend payout ratio is currently 27.78%.

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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.

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

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