103,201 Shares in Greystone Housing Impact Investors LP $GHI Acquired by Bluefin Capital Management LLC

Key Points

• Bluefin Capital Management LLC has acquired 103,201 shares of Greystone Housing Impact Investors LP for approximately $1.27 million, making it the 21st largest position in their portfolio.
• Greystone Housing Impact Investors recently reported a quarterly EPS of $0.25, beating estimates, but faced revenue challenges with actual figures at $23.59 million against expectations of $25.65 million.
• Analysts have lowered price targets for Greystone Housing Impact Investors, with Jones Trading setting a target of $11.00 and JMP Securities at $14.00, reflecting mixed sentiments in the market.

Bluefin Capital Management LLC acquired a new position in Greystone Housing Impact Investors LP (NYSE:GHI - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 103,201 shares of the company's stock, valued at approximately $1,272,000. Greystone Housing Impact Investors accounts for about 0.9% of Bluefin Capital Management LLC's portfolio, making the stock its 21st biggest position. Bluefin Capital Management LLC owned about 0.44% of Greystone Housing Impact Investors at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GHI. Jane Street Group LLC acquired a new position in shares of Greystone Housing Impact Investors in the fourth quarter worth approximately $351,000. Jones Financial Companies Lllp lifted its stake in shares of Greystone Housing Impact Investors by 14,338.9% in the first quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company's stock worth $402,000 after acquiring an additional 32,406 shares during the period. Freestone Capital Holdings LLC lifted its stake in shares of Greystone Housing Impact Investors by 61.8% in the first quarter. Freestone Capital Holdings LLC now owns 40,927 shares of the company's stock worth $505,000 after acquiring an additional 15,630 shares during the period. Stifel Financial Corp lifted its stake in shares of Greystone Housing Impact Investors by 4.9% in the fourth quarter. Stifel Financial Corp now owns 51,017 shares of the company's stock worth $523,000 after acquiring an additional 2,361 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Greystone Housing Impact Investors by 9.3% in the first quarter. Royal Bank of Canada now owns 166,134 shares of the company's stock worth $2,048,000 after acquiring an additional 14,163 shares during the period. 9.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on GHI. Jones Trading cut their price objective on Greystone Housing Impact Investors from $13.50 to $11.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. JMP Securities dropped their price target on Greystone Housing Impact Investors from $16.00 to $14.00 and set a "market outperform" rating on the stock in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $14.00.

Greystone Housing Impact Investors Trading Up 0.8%

NYSE GHI opened at $10.84 on Wednesday. The company has a market cap of $255.61 million, a price-to-earnings ratio of -135.48 and a beta of 0.58. Greystone Housing Impact Investors LP has a 52 week low of $10.12 and a 52 week high of $14.51. The business has a 50 day moving average price of $10.98 and a 200-day moving average price of $11.63. The company has a quick ratio of 7.93, a current ratio of 7.93 and a debt-to-equity ratio of 3.85.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.17 by $0.08. The firm had revenue of $23.59 million during the quarter, compared to the consensus estimate of $25.65 million. Greystone Housing Impact Investors had a return on equity of 5.63% and a net margin of 0.98%. As a group, equities analysts expect that Greystone Housing Impact Investors LP will post 1.9 earnings per share for the current fiscal year.

Greystone Housing Impact Investors Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, June 30th. This represents a $1.20 annualized dividend and a dividend yield of 11.1%. Greystone Housing Impact Investors's payout ratio is currently -1,500.00%.

Greystone Housing Impact Investors Company Profile

Greystone Housing Impact Investors LP acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction and/or permanent financing for multifamily, student, and senior citizen housing; skilled nursing properties; and commercial properties in the United States.

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