PenderFund Capital Management Ltd. Takes Position in Greenhill & Co., Inc. (NYSE:GHL)

PenderFund Capital Management Ltd. bought a new position in Greenhill & Co., Inc. (NYSE:GHL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 65,380 shares of the financial services provider’s stock, valued at approximately $1,269,000. PenderFund Capital Management Ltd. owned approximately 0.36% of Greenhill & Co., Inc. at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisor Group Holdings Inc. increased its stake in Greenhill & Co., Inc. by 5.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 21,066 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 996 shares in the last quarter. Toroso Investments LLC boosted its stake in shares of Greenhill & Co., Inc. by 4.7% during the 4th quarter. Toroso Investments LLC now owns 24,532 shares of the financial services provider’s stock valued at $251,000 after buying an additional 1,093 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Greenhill & Co., Inc. by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,586 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 1,103 shares in the last quarter. Citigroup Inc. increased its stake in shares of Greenhill & Co., Inc. by 12.2% in the first quarter. Citigroup Inc. now owns 11,373 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Greenhill & Co., Inc. by 4.1% during the first quarter. Bank of America Corp DE now owns 32,021 shares of the financial services provider’s stock worth $495,000 after acquiring an additional 1,274 shares in the last quarter. 61.26% of the stock is owned by institutional investors and hedge funds.

Greenhill & Co., Inc. Stock Performance

Shares of GHL stock traded up $0.01 during trading on Tuesday, reaching $14.80. The company had a trading volume of 64,275 shares, compared to its average volume of 167,246. The firm’s 50 day simple moving average is $14.79 and its two-hundred day simple moving average is $14.11. Greenhill & Co., Inc. has a one year low of $6.14 and a one year high of $14.97. The company has a debt-to-equity ratio of 9.61, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market capitalization of $278.54 million, a PE ratio of -9.19 and a beta of 1.07.

Greenhill & Co., Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, December 12th. Greenhill & Co., Inc.’s dividend payout ratio is currently -24.84%.

Analyst Ratings Changes

Several research analysts have weighed in on GHL shares. TheStreet lowered Greenhill & Co., Inc. from a “c” rating to a “d+” rating in a research report on Friday. StockNews.com began coverage on Greenhill & Co., Inc. in a report on Friday. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.83.

Greenhill & Co., Inc. Company Profile

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.