(NYSE:GHL) Closed Much Higher Than Its 50 Day Average

Marco Green
October 12, 2017

Shares saw a steep increase in trading volume of 124.47% over the normal average daily volume.

More notable recent Greenhill & Co., Inc. Insider ownership during the latest quarter increased by a net of 1.18 million shares, indicating that GHL's key executives are feeling more bullish about the stock than they did three months ago. Short shares grew 848,161 over that period. The total value of its holdings increased 1.0%. Mason Street Advisors LLC now owns 6,432 shares of the financial services provider's stock worth $188,000 after acquiring an additional 489 shares during the last quarter. It fall, as 30 investors sold Greenhill & Co., Inc. shares while 45 reduced holdings. Quadrant Capital Group LLC now controls 60 shares with a value of $0.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Greenhill & Co. The value of the investment in (GHL) decreased from $1,000 to $0 a change of $1,000 quarter to quarter. Institutional investors own 97.12% of the company's stock. Goldman Sachs downgraded Greenhill & Co., Inc. "(GHL) Shares Bought by Renaissance Technologies LLC" was originally published by TrueBlueTribune and is owned by of TrueBlueTribune.

01/05/2017 - Greenhill & Co., Inc. was downgraded to "reduce" by analysts at Nomura. Lord Abbett Co Ltd Co reported 131,120 shares.

Over the past year, the price of Greenhill & Co., Inc. The company has Beta Value of 1.3 and ATR value of 0.42. The company has a 50-day moving average of $15.32 and a 200-day moving average of $20.28. Inc (NYSE:GHL)'s minimum EPS for the current quarter is at $-0.34 and can go high up to $-0.01. While in the same Quarter Previous year, the Actual EPS was $0.41. The firm had revenue of $67.27 million during the quarter, compared to the consensus estimate of $72.25 million. As of the last earnings report the EPS was $1.31 and is projected to be $0.16 for the current year with 29,638,000 shares now outstanding.

Having a price of $17.05, Greenhill (NYSE:GHL) traded -0.15% lower on the day. Shareholders of record on Wednesday, September 13th were paid a $0.45 dividend. However the company reported $0.41 earnings per share for the same quarter during past year. The ex-dividend date was set for Tuesday the 12th of September 2017. This dividend represents a yield of $10.84.

Greenhill & Co. declared that its Board of Directors has approved a share buyback program on Monday, September 25th that authorizes the company to buyback $235.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 55.3% of its shares through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

The following firms have recently changed their position in GHL. TheStreet lowered shares of Greenhill & Co. from a "b-" rating to a "c+" rating in a research note on Wednesday, June 21st. The stock has "Positive" rating by Susquehanna on Monday, October 12.

01/29/2015 - Greenhill & Co., Inc. had its "neutral" rating reiterated by analysts at MKM Partners.

Among 10 analysts covering Greenhill (NYSE:GHL), 1 have Buy rating, 5 Sell and 4 Hold. Keefe, Bruyette & Woods restated a "hold" rating and issued a $21.00 target price on shares of Greenhill & Co.in a report on Friday, July 14th. Six equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company now has an average rating of "Sell" and an average price target of $18.33.

Greenhill & Co., Inc. on 6/29/2017 reported its EPS as $0.41 with the analysts projecting the EPS of the stock as $0.42. The Company provides financial and strategic advice on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising and other transactions to a diverse client base, including corporations, partnerships, institutions and governments globally.

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