GreenTree Hospitality Group Ltd. Sponsored ADR Declares Quarterly Dividend of $0.06 (NYSE:GHG)

Key Points

• GreenTree Hospitality Group Ltd. declared a quarterly dividend of $0.06 per share, which represents an annualized yield of 10.9% for shareholders of record on October 31st.
• The company's stock recently traded at $2.21, reflecting a 1.1% decline during midday trading, with a market capitalization of $223.85 million.
• Institutional investor Genus Capital Management Inc. increased its stake in GreenTree Hospitality by 200% in the first quarter, now holding shares valued at approximately $38,000.

GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG - Get Free Report) declared a quarterly dividend on Tuesday, September 30th, RTT News reports. Shareholders of record on Friday, October 31st will be given a dividend of 0.06 per share on Tuesday, November 18th. This represents a c) dividend on an annualized basis and a yield of 10.9%.

GreenTree Hospitality Group Trading Down 1.1%

GHG traded down $0.03 during midday trading on Tuesday, reaching $2.21. 20,352 shares of the company's stock traded hands, compared to its average volume of 25,892. The firm has a fifty day moving average of $2.17 and a two-hundred day moving average of $2.19. The stock has a market capitalization of $223.85 million, a price-to-earnings ratio of 5.13 and a beta of 0.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.57. GreenTree Hospitality Group has a 52 week low of $1.81 and a 52 week high of $3.35.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GreenTree Hospitality Group stock. Genus Capital Management Inc. lifted its position in GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG - Free Report) by 200.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,616 shares of the company's stock after acquiring an additional 31,232 shares during the period. Genus Capital Management Inc.'s holdings in GreenTree Hospitality Group were worth $38,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 8.05% of the company's stock.

About GreenTree Hospitality Group

GreenTree Hospitality Group Ltd., through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels under the GreenTree Inns brand in the People's Republic of China. It also engages in investment holding activities; and provision of information technology services. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.