Greenhill & Co., Inc. (NYSE:GHL) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC lifted its stake in shares of Greenhill & Co., Inc. (NYSE:GHL) by 20.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 291,245 shares of the financial services provider’s stock after purchasing an additional 48,625 shares during the period. Foundry Partners LLC owned 1.38% of Greenhill & Co., Inc. worth $3,958,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC purchased a new position in Greenhill & Co., Inc. in the fourth quarter valued at $232,000. Two Sigma Advisers LP purchased a new position in shares of Greenhill & Co., Inc. during the fourth quarter worth about $266,000. Bank of America Corp DE grew its holdings in shares of Greenhill & Co., Inc. by 28.5% during the fourth quarter. Bank of America Corp DE now owns 35,868 shares of the financial services provider’s stock worth $875,000 after purchasing an additional 7,957 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Greenhill & Co., Inc. during the fourth quarter worth about $321,000. Finally, Metropolitan Life Insurance Co. NY grew its holdings in shares of Greenhill & Co., Inc. by 248.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,373 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 4,544 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Shares of NYSE GHL traded up $0.49 during midday trading on Wednesday, reaching $16.24. 219,393 shares of the company were exchanged, compared to its average volume of 239,443. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 11.46. Greenhill & Co., Inc. has a 1 year low of $13.00 and a 1 year high of $33.45. The company’s fifty day moving average is $14.37. The company has a market capitalization of $321.78 million, a PE ratio of 10.09 and a beta of 0.85.

Greenhill & Co., Inc. (NYSE:GHL) last released its quarterly earnings results on Monday, April 29th. The financial services provider reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.34). Greenhill & Co., Inc. had a return on equity of 32.81% and a net margin of 5.53%. The company had revenue of $51.20 million for the quarter, compared to analysts’ expectations of $57.43 million. During the same period in the prior year, the business earned $0.21 EPS. The business’s quarterly revenue was down 41.5% compared to the same quarter last year.

Several equities analysts have issued reports on GHL shares. Buckingham Research dropped their price objective on PJT Partners from $49.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. ValuEngine raised Vermillion from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Friday, July 19th. Keefe, Bruyette & Woods lowered Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $23.50 to $23.00 in a report on Tuesday, April 30th. Finally, TheStreet lowered Weibo from a “b-” rating to a “c+” rating in a report on Friday, May 31st. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Greenhill & Co., Inc. currently has a consensus rating of “Hold” and an average price target of $21.67.

About Greenhill & Co., Inc.

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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