Foundry Partners LLC Decreases Stake in Greenhill & Co., Inc. (GHL)

Foundry Partners LLC trimmed its stake in shares of Greenhill & Co., Inc. (NYSE:GHL) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 242,620 shares of the financial services provider’s stock after selling 6,245 shares during the period. Foundry Partners LLC’s holdings in Greenhill & Co., Inc. were worth $5,219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in shares of Greenhill & Co., Inc. by 1.9% during the fourth quarter. Bank of Montreal Can now owns 20,082 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 365 shares during the last quarter. Boston Partners raised its holdings in shares of Greenhill & Co., Inc. by 2.0% during the fourth quarter. Boston Partners now owns 118,453 shares of the financial services provider’s stock valued at $2,890,000 after purchasing an additional 2,327 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Greenhill & Co., Inc. by 6.8% during the third quarter. Wells Fargo & Company MN now owns 40,770 shares of the financial services provider’s stock valued at $1,074,000 after purchasing an additional 2,581 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Greenhill & Co., Inc. by 24.8% during the fourth quarter. Citigroup Inc. now owns 17,406 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 3,461 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of Greenhill & Co., Inc. during the fourth quarter valued at approximately $106,000. 87.01% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE GHL opened at $24.14 on Wednesday. The company has a debt-to-equity ratio of 5.42, a current ratio of 2.71 and a quick ratio of 2.71. The company has a market cap of $495.11 million, a P/E ratio of 14.99 and a beta of 0.76. Greenhill & Co., Inc. has a 12-month low of $19.45 and a 12-month high of $33.45.

Greenhill & Co., Inc. (NYSE:GHL) last announced its 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 business had revenue of $89.10 million for the quarter, compared to the consensus estimate of $91.55 million. Greenhill & Co., Inc. had a net margin of 11.14% and a return on equity of 45.03%. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.85) earnings per share. Equities research analysts anticipate that Greenhill & Co., Inc. will post 1.08 EPS for the current year.

Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Greenhill & Co., Inc. from a “hold” rating to a “strong sell” rating in a research report on Friday, April 12th. ValuEngine upgraded shares of Greenhill & Co., Inc. from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Finally, Sandler O’Neill lowered shares of Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Thursday, January 31st. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Greenhill & Co., Inc. has an average rating of “Hold” and a consensus target price of $24.00.

In related news, President David Wyles sold 33,369 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $25.08, for a total transaction of $836,894.52. Following the completion of the sale, the president now directly owns 9,971 shares in the company, valued at $250,072.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.80% of the company’s stock.

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Greenhill & Co., Inc. 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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