Bluefin Capital Management LLC Invests $1.27 Million in Greystone Housing Impact Investors LP $GHI

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 stake in Greystone Housing Impact Investors LP (NYSE:GHI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 103,201 shares of the company's stock, valued at approximately $1,272,000. Greystone Housing Impact Investors makes up approximately 0.9% of Bluefin Capital Management LLC's portfolio, making the stock its 21st biggest position. Bluefin Capital Management LLC owned 0.44% of Greystone Housing Impact Investors as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of Greystone Housing Impact Investors in the 4th quarter valued at about $351,000. Jones Financial Companies Lllp increased its holdings in Greystone Housing Impact Investors by 14,338.9% during the first quarter. Jones Financial Companies Lllp now owns 32,632 shares of the company's stock valued at $402,000 after buying an additional 32,406 shares during the period. Freestone Capital Holdings LLC raised its stake in 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 buying an additional 15,630 shares in the last quarter. Stifel Financial Corp lifted its holdings in Greystone Housing Impact Investors by 4.9% during the fourth quarter. Stifel Financial Corp now owns 51,017 shares of the company's stock worth $523,000 after buying an additional 2,361 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Greystone Housing Impact Investors by 9.3% during the first quarter. Royal Bank of Canada now owns 166,134 shares of the company's stock worth $2,048,000 after buying an additional 14,163 shares during the period. 9.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on GHI shares. JMP Securities reduced their price target on Greystone Housing Impact Investors from $16.00 to $14.00 and set a "market outperform" rating for the company in a research report on Friday, August 8th. Jones Trading cut their target price 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. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $14.00.

Greystone Housing Impact Investors Stock Performance

Shares of GHI traded down $0.03 during trading hours on Monday, reaching $10.77. 20,959 shares of the company traded hands, compared to its average volume of 49,263. The company has a quick ratio of 7.93, a current ratio of 7.93 and a debt-to-equity ratio of 3.85. The business has a fifty day moving average price of $10.93 and a 200-day moving average price of $11.59. Greystone Housing Impact Investors LP has a 12-month low of $10.12 and a 12-month high of $14.51. The stock has a market capitalization of $253.84 million, a P/E ratio of -134.55 and a beta of 0.58.

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

Greystone Housing Impact Investors Cuts Dividend

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