Greenhill & Co., Inc. (NYSE:GHL) CEO Acquires $716,845.87 in Stock

Greenhill & Co., Inc. (NYSE:GHL) CEO Scott L. Bok purchased 63,947 shares of the stock in a transaction on Thursday, July 30th. The stock was acquired at an average cost of $11.21 per share, with a total value of $716,845.87. Following the completion of the purchase, the chief executive officer now directly owns 90,144 shares of the company’s stock, valued at $1,010,514.24. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NYSE:GHL opened at $11.98 on Friday. The company has a market cap of $224.98 million, a price-to-earnings ratio of 24.45 and a beta of 1.09. The company has a 50-day moving average price of $10.38 and a 200-day moving average price of $11.85. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 36.60. Greenhill & Co., Inc. has a 12 month low of $7.28 and a 12 month high of $23.08.

Greenhill & Co., Inc. (NYSE:GHL) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.47). The firm had revenue of $47.79 million for the quarter, compared to the consensus estimate of $43.61 million. Greenhill & Co., Inc. had a net margin of 5.35% and a return on equity of 59.64%. As a group, research analysts forecast that Greenhill & Co., Inc. will post -0.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, September 1st. Greenhill & Co., Inc.’s payout ratio is currently 40.00%.

Hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new position in Greenhill & Co., Inc. in the first quarter worth about $39,000. Royal Bank of Canada raised its stake in Greenhill & Co., Inc. by 231.0% in the first quarter. Royal Bank of Canada now owns 5,901 shares of the financial services provider’s stock worth $58,000 after buying an additional 4,118 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Greenhill & Co., Inc. by 37.9% in the first quarter. BNP Paribas Arbitrage SA now owns 6,227 shares of the financial services provider’s stock worth $61,000 after buying an additional 1,710 shares in the last quarter. Aigen Investment Management LP raised its stake in Greenhill & Co., Inc. by 40.8% in the first quarter. Aigen Investment Management LP now owns 9,262 shares of the financial services provider’s stock worth $91,000 after buying an additional 2,685 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Greenhill & Co., Inc. by 14.9% in the first quarter. Wells Fargo & Company MN now owns 10,185 shares of the financial services provider’s stock worth $101,000 after buying an additional 1,319 shares in the last quarter. 70.58% of the stock is owned by institutional investors.

Several analysts have weighed in on GHL shares. Zacks Investment Research downgraded shares of Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 28th. ValuEngine raised shares of Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a research note on Friday, April 17th. Finally, Piper Sandler upped their price objective on shares of Greenhill & Co., Inc. from $10.00 to $11.50 and gave the company a “neutral” rating in a research note on Friday, July 24th.

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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