Greenhill & Co. (GHL) is Downgraded by Credit Suisse to Underperform

Greenhill & Co. (GHL) was Downgraded by Credit Suisse to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Jul 21, 2016.

On the company’s financial health, Greenhill & Co. reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.17. The company had revenue of $66.90 million for the quarter, compared to analysts expectations of $51.92 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Greenhill & Co. opened for trading at $18.98 and hit $19.21 on the upside on Wednesday, eventually ending the session at $19.14, with a gain of 1.92% or 0.36 points. The heightened volatility saw the trading volume jump to 2,93,942 shares. Company has a market cap of $571 M.

In a different news, on Oct 27, 2015, Scott L Bok (CEO) purchased 202,510 shares at $24.89 per share price. According to the SEC, on Feb 20, 2015, Karen P Robards (director) purchased 1,000 shares at $39.06 per share price.

Greenhill & Co. Inc. is an investment bank. The Company provides financial and advisory services on domestic and cross-border mergers and acquisitions restructurings financings capital raisings and other strategic transactions to client base including corporations partnerships institutions and governments. The Company advises debtors creditors governments pension funds and other stakeholders as well as potential acquirers of distressed companies and assets. The Company also provides advice in connection with activist response strategies and other mission critical situations. It acts for clients located across the world from its offices located in the United States United Kingdom Germany Canada Japan Australia Sweden and Brazil. The Company’s wholly owned subsidiaries include Greenhill & Co. LLC (G&Co) Greenhill & Co. International LLP (GCI) and Greenhill & Co. Australia Pty Limited (Greenhill Australia) which provide advisory services in various jurisdictions.

Greenhill & Co.

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