Fisher Asset Management LLC reduced its position in shares of Greenhill & Co., Inc. (NYSE:GHL – Free Report) by 99.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,490 shares of the financial services provider’s stock after selling 458,097 shares during the period. Fisher Asset Management LLC’s holdings in Greenhill & Co., Inc. were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC grew its stake in shares of Greenhill & Co., Inc. by 334.7% in the second quarter. Millennium Management LLC now owns 452,252 shares of the financial services provider’s stock valued at $4,170,000 after acquiring an additional 348,214 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Greenhill & Co., Inc. in the second quarter valued at approximately $1,954,000. Marshall Wace LLP boosted its stake in shares of Greenhill & Co., Inc. by 494.2% in the third quarter. Marshall Wace LLP now owns 179,939 shares of the financial services provider’s stock valued at $1,069,000 after buying an additional 149,656 shares during the period. New York Life Investment Management LLC acquired a new stake in Greenhill & Co., Inc. during the second quarter worth approximately $1,627,000. Finally, Vanguard Group Inc. increased its stake in Greenhill & Co., Inc. by 17.6% during the 3rd quarter. Vanguard Group Inc. now owns 719,587 shares of the financial services provider’s stock worth $4,275,000 after acquiring an additional 107,540 shares during the period. 61.26% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. TheStreet lowered Greenhill & Co., Inc. from a “c” rating to a “d+” rating in a report on Friday. StockNews.com started coverage on shares of Greenhill & Co., Inc. in a report on Friday. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.83.
Greenhill & Co., Inc. Price Performance
GHL stock opened at $14.80 on Tuesday. Greenhill & Co., Inc. has a 1 year low of $6.14 and a 1 year high of $14.97. The company has a debt-to-equity ratio of 9.61, a current ratio of 1.89 and a quick ratio of 1.89. The stock has a market cap of $278.44 million, a price-to-earnings ratio of -9.19 and a beta of 1.07. The company has a 50 day simple moving average of $14.79 and a 200 day simple moving average of $14.11.
Greenhill & Co., Inc. Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.70%. Greenhill & Co., Inc.’s dividend payout ratio is currently -24.84%.
About Greenhill & Co., Inc.
Greenhill & Co, Inc, an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutional investors, and governments worldwide. The company offers advisory services related to mergers and acquisitions, divestitures, restructurings, financings, private capital raising, and other similar transactions.
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