StockNews.com Initiates Coverage on Greenhill & Co., Inc. (NYSE:GHL)

StockNews.com assumed coverage on shares of Greenhill & Co., Inc. (NYSE:GHL) in a report released on Friday. The firm issued a hold rating on the financial services provider’s stock.

Separately, TheStreet upgraded Greenhill & Co., Inc. from a d+ rating to a c rating in a report on Monday, September 11th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of $11.83.

Greenhill & Co., Inc. Trading Up 0.0 %

NYSE:GHL opened at $14.80 on Friday. The stock’s 50 day moving average price is $14.79 and its 200 day moving average price is $14.11. Greenhill & Co., Inc. has a 52 week low of $6.14 and a 52 week high of $14.97. The company has a market capitalization of $278.44 million, a P/E ratio of -9.19 and a beta of 1.07. The company has a debt-to-equity ratio of 9.61, a quick ratio of 1.89 and a current ratio of 1.89.

Greenhill & Co., Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.40 annualized dividend and a yield of 2.70%. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is presently -24.84%.

Hedge Funds Weigh In On Greenhill & Co., Inc.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GHL. Tudor Investment Corp Et Al acquired a new position in Greenhill & Co., Inc. during the second quarter valued at approximately $6,258,000. Trium Capital LLP bought a new stake in shares of Greenhill & Co., Inc. in the third quarter valued at approximately $5,577,000. Prelude Capital Management LLC bought a new stake in shares of Greenhill & Co., Inc. in the second quarter valued at approximately $5,265,000. Millennium Management LLC boosted its position in shares of Greenhill & Co., Inc. by 334.7% in the second quarter. Millennium Management LLC now owns 452,252 shares of the financial services provider’s stock valued at $4,170,000 after acquiring an additional 348,214 shares during the period. Finally, Gardner Lewis Asset Management L P bought a new stake in shares of Greenhill & Co., Inc. in the second quarter valued at approximately $4,296,000. Institutional investors and hedge funds own 61.26% of the company’s stock.

About Greenhill & Co., Inc.

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.