Company profile

Ticker
GHL
Exchange
CEO
Scott L. Bok
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
510500737

GHL stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

9 Nov 20
24 Jan 21
31 Dec 21

News

Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 90.74M 90.74M 90.74M 90.74M 90.74M 90.74M
Cash burn (monthly) (positive/no burn) 1.58M 2.36M (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 6.03M 8.99M n/a n/a n/a
Cash remaining n/a 84.71M 81.75M n/a n/a n/a
Runway (months of cash) n/a 53.6 34.6 n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
5 Jan 21 Meryl D Hartzband Common Stock Grant Aquire A No 0 2,883 0 22,796
5 Jan 21 John D Liu Common Stock Grant Aquire A No 0 1,287 0 20,272
5 Jan 21 Robards Karen P Common Stock Grant Aquire A No 0 1,287 0 25,125
5 Jan 21 Steven F Goldstone Common Stock Grant Aquire A No 0 2,574 0 57,164
5 Nov 20 Bok Scott L Common Stock Buy Aquire P No 10.66 50,000 533K 1,132,038
62.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 101 98 +3.1%
Opened positions 12 8 +50.0%
Closed positions 9 25 -64.0%
Increased positions 22 30 -26.7%
Reduced positions 43 38 +13.2%
13F shares
Current Prev Q Change
Total value 178.04M 136.86M +30.1%
Total shares 11.92M 12.59M -5.3%
Total puts 20.5K 57.9K -64.6%
Total calls 2.1K 33.6K -93.8%
Total put/call ratio 9.8 1.7 +466.5%
Largest owners
Shares Value Change
BLK Blackrock 2.16M $24.57M -6.9%
Capital Management 1.19M $13.56M -4.2%
Capital World Investors 1.17M $13.28M 0.0%
Vanguard 791.42K $8.98M -16.1%
Dimensional Fund Advisors 525.48K $5.96M -8.6%
Dalton Greiner Hartman Maher & Co 519.62K $5.9M -39.8%
Fisher Asset Management 478.45K $5.43M 0.0%
STT State Street 443.95K $5.04M -4.4%
Rutabaga Capital Management 378.7K $4.3M -4.8%
Hotchkis & Wiley Capital Management 335.66K $3.81M -6.3%
Largest transactions
Shares Bought/sold Change
Dalton Greiner Hartman Maher & Co 519.62K -343.82K -39.8%
BLK Blackrock 2.16M -159.55K -6.9%
Vanguard 791.42K -152.2K -16.1%
Fuller & Thaler Asset Management 144.84K +144.84K NEW
Arrowstreet Capital, Limited Partnership 145.34K +106.51K +274.3%
Acadian Asset Management 165.82K +76.62K +85.9%
WINTON 0 -74.19K EXIT
Athanor Capital 0 -64.18K EXIT
Capital Management 1.19M -51.98K -4.2%
Dimensional Fund Advisors 525.48K -49.22K -8.6%

Financial report summary

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Risks
  • Our future growth is dependent on both our ability to identify, attract and hire additional managing directors and other professionals and our ability to identify, acquire and successfully integrate complementary advisory businesses
  • Our ability to retain our managing directors and other professionals is critical to the success of our business
  • Principally all of our revenues are derived from advisory fees, which results in volatility in our revenues and profits
  • Our engagements are singular in nature and do not provide for subsequent engagements, which could cause our revenues to fluctuate materially from period to period
  • A high percentage of our revenues is derived from a small number of clients, and the termination of any one engagement could reduce our revenues and harm our operating results
  • We generate a substantial portion of our revenues from our services in connection with mergers and acquisitions; in the event of a decline in merger and acquisition activity, it is unlikely we could offset lower revenues with revenues from other services
  • If the number of debt defaults, bankruptcies or other factors affecting demand for our restructuring services is at a low level, our financial advisory and restructuring business could suffer
  • Our capital advisory business is dependent on the availability of capital for deployment in the alternative asset classes in which our clients are invested
  • Our business may be adversely affected by difficult market conditions and a decline in transaction activity
  • We face strong competition from far larger firms and other independent firms, which could adversely affect our market share of the advisory business
  • The inherent volatility in our financial results, from period to period, translates into volatility in our stock price
  • Our revenues are subject to risks and uncertainties beyond our control
  • Strategic investments and acquisitions, or foreign expansion, may result in additional risks and uncertainties in our business
  • A significant portion of the compensation of our managing directors is paid in restricted stock units, and the shares we expect to issue on the vesting of those restricted stock units could result in a significant increase in the number of shares of common stock outstanding
  • Employee misconduct could harm Greenhill and is difficult to detect and deter
  • We may face damage to our professional reputation and legal liability to our clients and affected third parties if our services are not regarded as satisfactory or if conflicts of interests should arise
  • As a financial advisor on significant transactions, we face substantial litigation risk
  • We are subject to extensive regulation in the financial services industry, which creates risk of non-compliance that could adversely affect our business and reputation
  • Change in applicable law and regulatory schemes could adversely affect our business
  • We may be unable to protect our intellectual property rights, which could adversely affect our ability to prevent misappropriation, and we may become subject to intellectual property infringement claims, which could be time consuming, costly, and could require changes to our business.
  • Legal restrictions on our clients may reduce the demand for our services
  • The cost of compliance with international employment, labor, benefits and tax regulations may adversely affect our business and hamper our ability to expand internationally
  • The value of our goodwill may decline in the future, which could adversely affect our financial results
  • Our failure to prevent a cyber-security attack may disrupt our businesses, harm our reputation, result in losses or limit our growth
  • Evolving data privacy regulations, including the European Union’s General Data Protection Regulation (“GDPR”), may subject us to significant penalties
  • Fluctuations in foreign currency exchange rates could adversely affect our results of operations
  • The market price of our common stock is volatile and may decline
  • We could change our existing dividend policy in the future, which could adversely affect our stock price
  • Failure to maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley Act could materially adversely affect our business
Management Discussion
  • Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • In this Management’s Discussion and Analysis of Financial Condition and Results of Operations, “Greenhill”, “we”, “our”, “Firm” and “us” refer to Greenhill & Co., Inc.
  • This Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended December 31, 2019, the risk factors in item 1A of this Quarterly Report on Form 10-Q and subsequent Current Reports on Form 8-K.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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