Greenhill & Co., Inc. (NYSE:GHL) Lowered to “Market Perform” at JMP Securities

JMP Securities downgraded shares of Greenhill & Co., Inc. (NYSE:GHL – Get Rating) from an outperform rating to a market perform rating in a research report report published on Tuesday, The Fly reports.

Several other equities research analysts also recently commented on the company. StockNews.com initiated coverage on Greenhill & Co., Inc. in a report on Thursday, May 18th. They set a hold rating for the company. Keefe, Bruyette & Woods raised Greenhill & Co., Inc. from an underperform rating to a market perform rating in a research note on Monday. Finally, The Goldman Sachs Group reduced their price objective on Greenhill & Co., Inc. from $9.50 to $8.50 and set a sell rating for the company in a research note on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $11.38.

Greenhill & Co., Inc. Trading Up 0.1 %

Shares of NYSE GHL opened at $14.68 on Tuesday. Greenhill & Co., Inc. has a 12 month low of $5.64 and a 12 month high of $14.85. The company has a market cap of $268.94 million, a price-to-earnings ratio of -21.59 and a beta of 1.21. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 5.09. The business has a fifty day simple moving average of $7.98 and a 200-day simple moving average of $9.99.

Greenhill & Co., Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.72%. The ex-dividend date is Tuesday, June 6th. Greenhill & Co., Inc.’s dividend payout ratio is currently -58.82%.

Institutional Investors Weigh In On Greenhill & Co., Inc.

Hedge funds have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky acquired a new position in Greenhill & Co., Inc. in the 3rd quarter worth about $33,000. Tower Research Capital LLC TRC increased its position in Greenhill & Co., Inc. by 69.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,859 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,576 shares during the last quarter. Barclays PLC increased its position in Greenhill & Co., Inc. by 139.0% in the 4th quarter. Barclays PLC now owns 3,456 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 2,010 shares during the last quarter. Quantbot Technologies LP acquired a new position in Greenhill & Co., Inc. in the 1st quarter worth about $40,000. Finally, Trexquant Investment LP acquired a new position in Greenhill & Co., Inc. in the 3rd quarter worth about $62,000. 74.14% of the stock is owned by hedge funds and other institutional investors.

About Greenhill & Co., Inc.

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Greenhill & Co, Inc is an independent investment bank, which engages in the provision of financial and strategic advice. It specializes in mergers and acquisitions, divestitures, restructurings, financings, and capital raising. The company was founded by Robert F. Greenhill in 1996 and is headquartered in New York, NY.