Trading Report: The Quantitative Systematic Strategies LLC reaches $784,000 position of Greenhill & Co. (GHL)

The Quantitative Systematic Strategies LLC reaches $784,000 position  of Greenhill & Co. (GHL)

Quantitative Systematic Strategies LLC reduced its position in shares of Greenhill & Co. (NYSE:GHL) by 23.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 48,970 shares of the company’s stock after selling 15,420 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Greenhill & Co. were worth $784,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GHL. JPMorgan Chase & Co. boosted its stake in shares of Greenhill & Co. by 25.3% in the first quarter. JPMorgan Chase & Co. now owns 1,260,631 shares of the company’s stock worth $27,986,000 after buying an additional 254,320 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Greenhill & Co. by 36.4% in the first quarter. Renaissance Technologies LLC now owns 1,208,200 shares of the company’s stock worth $26,822,000 after buying an additional 322,300 shares during the period. Skyline Asset Management LP boosted its stake in shares of Greenhill & Co. by 4.0% in the first quarter. Skyline Asset Management LP now owns 1,133,700 shares of the company’s stock worth $25,168,000 after buying an additional 43,300 shares during the period. Deprince Race & Zollo Inc. boosted its stake in shares of Greenhill & Co. by 3.5% in the second quarter. Deprince Race & Zollo Inc. now owns 1,069,138 shares of the company’s stock worth $17,213,000 after buying an additional 36,483 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of Greenhill & Co. by 0.4% in the second quarter. Fisher Asset Management LLC now owns 632,644 shares of the company’s stock worth $11,135,000 after buying an additional 2,425 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Greenhill & Co. (NYSE:GHL) traded up 1.15% during trading on Wednesday, reaching $22.78. The company had a trading volume of 291,570 shares. The firm has a market capitalization of $674.63 million, a PE ratio of 22.25 and a beta of 1.69. The firm’s 50 day moving average price is $22.89 and its 200 day moving average price is $20.55. Greenhill & Co. has a 12-month low of $15.62 and a 12-month high of $29.30.

Greenhill & Co. (NYSE:GHL) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.13. The business earned $90.50 million during the quarter, compared to analysts’ expectations of $89.61 million. Greenhill & Co. had a return on equity of 11.72% and a net margin of 11.48%. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. Analysts anticipate that Greenhill & Co. will post $1.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $1.80 annualized dividend and a yield of 7.99%. Greenhill & Co.’s payout ratio is currently 174.76%.

GHL has been the topic of a number of analyst reports. Credit Suisse Group AG cut Greenhill & Co. from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research report on Thursday, July 21st. Nomura restated a “hold” rating and set a $26.00 target price on shares of Greenhill & Co. in a report on Wednesday, October 5th. Finally, Zacks Investment Research upgraded Greenhill & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Greenhill & Co. has an average rating of “Hold” and a consensus price target of $27.38.

Greenhill & Co. Company Profile

Greenhill & Co, Inc is an investment bank. The Company provides financial and advisory services 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.

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