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GHL Greenhill & Co

Greenhill & Co., Inc. is a leading independent investment bank entirely focused on providing financial advice on significant mergers, acquisitions, restructurings, financings and capital raising to corporations, partnerships, institutions and governments globally. It acts for clients located throughout the world from its offices in New York, Chicago, Dallas, Frankfurt, Hong Kong, Houston, London, Madrid, Melbourne, Paris, San Francisco, Singapore, Stockholm, Sydney, Tokyo and Toronto

Company profile

Ticker
GHL
Exchange
CEO
Scott Bok
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Greenhill & Co., LLC • Greenhill Aviation Co., LLC • Greenhill Capital Partners, LLC • Greenhill & Co. Europe Holdings Limited • Greenhill & Co. International • Greenhill & Co. Europe • Greenhill & Co. Cayman Limited • Greenhill & Co. Sweden AB • Greenhill & Co. Spain Limited • Greenhill & Co. Holding Canada Ltd. ...
IRS number
510500737

GHL stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Nov 21
24 Jan 22
31 Dec 22
Quarter (USD)
Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Jan 22 Ulrika Ekman Common Stock Grant Acquire A No No 0 871 0 1,584
4 Jan 22 Kevin Ferro Common Stock Grant Acquire A No No 0 1,743 0 54,253
4 Jan 22 Meryl D Hartzband Common Stock Grant Acquire A No No 0 1,952 0 31,515
4 Jan 22 John D Liu Common Stock Grant Acquire A No No 0 871 0 24,164
10 Nov 21 Bok Scott L Common Stock Buy Acquire P Yes No 18.16 21,917 398.01K 1,267,488
9 Nov 21 Bok Scott L Common Stock Buy Acquire P No No 18.12 21,917 397.14K 165,023

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

62.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 101 99 +2.0%
Opened positions 9 3 +200.0%
Closed positions 7 13 -46.2%
Increased positions 23 32 -28.1%
Reduced positions 48 46 +4.3%
13F shares
Current Prev Q Change
Total value 167.82M 183.35M -8.5%
Total shares 11.48M 11.78M -2.6%
Total puts 11.6K 38.6K -69.9%
Total calls 25.8K 32.7K -21.1%
Total put/call ratio 0.4 1.2 -61.9%
Largest owners
Shares Value Change
BLK Blackrock 2.19M $32.06M -3.4%
Capital Management 1.31M $19.13M +1.4%
Vanguard 874.57K $12.79M +2.0%
South Dakota Investment Council 702.05K $10.26M +11.7%
Fisher Asset Management 463.34K $6.77M -2.3%
STT State Street 460.76K $6.74M -0.6%
Hotchkis & Wiley Capital Management 454.41K $6.64M -9.7%
Rutabaga Capital Management 453.67K $6.63M -5.0%
Acadian Asset Management 402.44K $5.88M -1.0%
Wellington Management 359.95K $5.26M +1.1%
Largest transactions
Shares Bought/sold Change
Boston Partners 185.7K +185.7K NEW
Dimensional Fund Advisors 347.38K -109.45K -24.0%
BLK Blackrock 2.19M -76.11K -3.4%
South Dakota Investment Council 702.05K +73.3K +11.7%
Teacher Retirement System Of Texas 215.68K -71.89K -25.0%
Charles Schwab Investment Management 36.61K -67.69K -64.9%
Hotchkis & Wiley Capital Management 454.41K -49K -9.7%
Marshall Wace North America 42.1K -44.1K -51.2%
Schonfeld Strategic Advisors 41.79K +41.79K NEW
MS Morgan Stanley 53.61K -31.15K -36.7%

Financial report summary

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Risks
  • 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 and translates into potential volatility in our stock price
  • 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 financing advisory and restructuring business could suffer
  • Our private 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 adverse economic conditions which may cause a decline in transaction activity, the extent of which is not known, predictable or under our control
  • We face strong competition from far larger firms and other independent firms, which could adversely affect our market share of the advisory business
  • Strategic investments and acquisitions, or foreign expansion, may result in additional risks and uncertainties in our business
  • 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
  • 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 and if sold at vesting could cause the market price of our common stock to decline.
  • The market price of our common stock is volatile and may decline
  • 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
  • Legal restrictions on our clients may reduce the demand for our services
  • 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
  • We could change our existing dividend policy in the future, which could adversely affect our stock price
  • The COVID-19 pandemic may exacerbate many of the risks described above
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, 2020, the risk factors in item 1A of this Quarterly Report on Form 10-Q and subsequent Current Reports on Form 8-K.
Content analysis
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Positive
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Readability
H.S. junior Avg
New words: Agent, certainty, commensurate, converted, deployment, low, macroeconomic, notification, peer, SOFR
Removed: compare, installment, leverage, mandatory, ninety