Greenhill & Co. Inc. (NYSE: GHL) stock fell -0.54% on Thursday to $14.63 against a previous-day closing price of $14.71. With 0.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.17 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $14.70 whereas the lowest price it dropped to was $14.61. The 52-week range on GHL shows that it touched its highest point at $14.85 and its lowest point at $5.64 during that stretch. It currently has a 1-year price target of $11.08. With its current market cap of 274.31 million, GHL has annualized dividend of $0.40 while the current yield stands at 2.73%. Beta for the stock currently stands at 1.20.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GHL was up-trending over the past week, with a rise of 110.81%, but this was up by 108.70% over a month. Three-month performance surged to 31.68% while six-month performance rose 46.45%. The stock gained 27.55% in the past year, while it has gained 42.73% so far this year. A look at the trailing 12-month EPS for GHL yields -1.02 with Next year EPS estimates of 1.33. For the next quarter, that number is 0.52. This implies an EPS growth rate of -91.30% for this year and 358.62% for next year.
Float and Shares Shorts:
At present, 18.32 million GHL shares are outstanding with a float of 11.90 million shares on hand for trading. On May 14, 2023, short shares totaled 0.3 million, which was 1.61% higher than short shares on Apr 13, 2023. In addition to Mr. Scott Lee Bok as the firm’s Chairman & CEO, Mr. David A. Wyles serves as its Pres.
Institutional Ownership:
Through their ownership of 52.24% of GHL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 40.13% of GHL, in contrast to 40.06% held by mutual funds. Shares owned by individuals account for 11.19%. As the largest shareholder in GHL with 12.46% of the stake, The Capital Management Corp. holds 2,280,621 shares worth 2,280,621. A second-largest stockholder of GHL, The Vanguard Group, Inc., holds 846,209 shares, controlling over 4.62% of the firm’s shares. Acadian Asset Management LLC is the third largest shareholder in GHL, holding 669,246 shares or 3.66% stake. With a 1.90% stake in GHL, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 347,793 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.07% of GHL stock, is the second-largest Mutual Fund holder. It holds 196,676 shares valued at 1.4 million. MainStay VP – Wellington Small Ca holds 0.97% of the stake in GHL, owning 176,651 shares worth 1.25 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, GHL reported revenue of $36.05M and operating income of -$20.87M. The EBITDA in the recently reported quarter was -$20.25M and diluted EPS was -$1.03.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GHL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GHL analysts setting a high price target of $15.00 and a low target of $15.00, the average target price over the next 12 months is $15.00. Based on these targets, GHL could surge 2.53% to reach the target high and rise by 2.53% to reach the target low. Reaching the average price target will result in a growth of 2.53% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded GHL stock several times over the past three months with 4 Buys and 3 Sells. In these transactions, 10,993 shares were bought while 132,639 shares were sold. The number of buy transactions has increased to 51 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 1,108,554 while 493,741 shares were sold.
