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Stock Market & Financial Investment News

News Breaks
July 31, 2014
04:55 EDTGHL, GHL, GHLGreenhill & Co. management to meet with JMP Securities
Meetings to be held on the Midwest on August 6-7 hosted by JMP Securities.
News For GHL From The Last 14 Days
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January 27, 2016
16:06 EDTGHLGreenhill & Co. authorizes up to $75M of share repurchases in 2016
CEO Scott Bok said, "By many measures, 2015 was a strong year for our Firm. We advised on 26% more announced transactions than in the prior year. As measured by aggregate deal volume, those transactions were considerably larger than the announced deals on which we advised in the prior year. And the contractual fees associated with those transactions, a large portion of which had yet to be earned as of year end, also showed a significant increase. Despite all those positives, the fact that an unusually large number of our largest agreed M&A transactions were delayed into 2016 prevented us from showing an increase in revenue for the year...Considering our balance sheet, near term expected transaction completions and longer term backlog of assignments, our cash position looks likely to far exceed what is necessary to support our dividend, and thus we expect to be in a position to return to our historic practice of repurchasing a significant amount of our common stock over the course of the year. Accordingly, our Board has authorized up to $75M of share repurchases for the calendar year."
16:04 EDTGHLGreenhill & Co. reports Q4 EPS 25c, consensus 23c
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