Greenhill & Co., Inc. (NYSE:GHL) CEO Scott L. Bok Buys 24,850 Shares

Greenhill & Co., Inc. (NYSE:GHLGet Rating) CEO Scott L. Bok bought 24,850 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was bought at an average cost of $10.05 per share, for a total transaction of $249,742.50. Following the acquisition, the chief executive officer now owns 1,655,388 shares of the company’s stock, valued at approximately $16,636,649.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Greenhill & Co., Inc. Stock Performance

GHL opened at $9.57 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 4.63. The business’s 50 day moving average is $7.40 and its 200-day moving average is $8.78. The stock has a market cap of $170.20 million, a PE ratio of 50.37 and a beta of 1.08. Greenhill & Co., Inc. has a twelve month low of $5.64 and a twelve month high of $20.32.

Greenhill & Co., Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Wednesday, December 7th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $0.40 dividend on an annualized basis and a yield of 4.18%. Greenhill & Co., Inc.’s dividend payout ratio is presently 210.53%.

Analyst Upgrades and Downgrades

GHL has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price objective on Greenhill & Co., Inc. from $7.00 to $6.00 and set a “sell” rating for the company in a research note on Friday, October 7th. StockNews.com began coverage on Greenhill & Co., Inc. in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.00.

Institutional Trading of Greenhill & Co., Inc.

A number of hedge funds and other institutional investors have recently made changes to their positions in GHL. Capital Management Corp VA boosted its stake in Greenhill & Co., Inc. by 49.7% during the 2nd quarter. Capital Management Corp VA now owns 1,967,498 shares of the financial services provider’s stock valued at $18,140,000 after purchasing an additional 652,808 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Greenhill & Co., Inc. by 334.7% during the 2nd quarter. Millennium Management LLC now owns 452,252 shares of the financial services provider’s stock worth $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. during the second quarter worth $1,954,000. Rutabaga Capital Management LLC MA boosted its position in shares of Greenhill & Co., Inc. by 70.6% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 491,486 shares of the financial services provider’s stock valued at $4,532,000 after purchasing an additional 203,405 shares during the period. Finally, Marshall Wace LLP increased its stake in Greenhill & Co., Inc. by 494.2% in the 3rd quarter. Marshall Wace LLP now owns 179,939 shares of the financial services provider’s stock worth $1,069,000 after purchasing an additional 149,656 shares in the last quarter. 73.60% of the stock is currently owned by institutional investors.

About Greenhill & Co., Inc.

(Get Rating)

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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Insider Buying and Selling by Quarter for Greenhill & Co., Inc. (NYSE:GHL)

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