Rutabaga Capital Managementma Lowers stake in Greenhill & Co. (GHL)

Greenhill & Co. (GHL) : Rutabaga Capital Managementma reduced its stake in Greenhill & Co. by 9.34% during the most recent quarter end. The investment management company now holds a total of 981,650 shares of Greenhill & Co. which is valued at $19,142,175 after selling 101,150 shares in Greenhill & Co. , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Greenhill & Co. makes up approximately 3.31% of Rutabaga Capital Managementma’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities reduced its stake in GHL by selling 6,650 shares or 50.69% in the most recent quarter. The Hedge Fund company now holds 6,468 shares of GHL which is valued at $126,126.Ngam Advisors boosted its stake in GHL in the latest quarter, The investment management firm added 16,003 additional shares and now holds a total of 213,914 shares of Greenhill & Co. which is valued at $4,171,323. Greenhill & Co. makes up approx 0.06% of Ngam Advisors’s portfolio.Lasalle Street Capital Management boosted its stake in GHL in the latest quarter, The investment management firm added 354 additional shares and now holds a total of 10,498 shares of Greenhill & Co. which is valued at $200,932. Greenhill & Co. makes up approx 0.19% of Lasalle Street Capital Management’s portfolio.Lasalle Street Capital Management boosted its stake in GHL in the latest quarter, The investment management firm added 354 additional shares and now holds a total of 10,498 shares of Greenhill & Co. which is valued at $200,932. Greenhill & Co. makes up approx 0.19% of Lasalle Street Capital Management’s portfolio.

Greenhill & Co. opened for trading at $20.07 and hit $20.71 on the upside on Monday, eventually ending the session at $20.71, with a gain of 3.76% or 0.75 points. The heightened volatility saw the trading volume jump to 3,51,128 shares. Company has a market cap of $618 M.

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.

Many Wall Street Analysts have commented on Greenhill & Co.. Greenhill & Co. was Downgraded by Credit Suisse to ” Underperform” on Jul 21, 2016.

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.

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