PFG Investments LLC Sells 1,393 Shares of Greystone Housing Impact Investors LP (NYSE:GHI)

PFG Investments LLC trimmed its position in Greystone Housing Impact Investors LP (NYSE:GHI) by 6.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 21,218 shares of the company’s stock after selling 1,393 shares during the period. PFG Investments LLC’s holdings in Greystone Housing Impact Investors were worth $314,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of GHI. Cetera Advisors LLC acquired a new position in Greystone Housing Impact Investors in the 1st quarter worth about $338,000. Pineridge Advisors LLC acquired a new position in shares of Greystone Housing Impact Investors in the fourth quarter valued at approximately $144,000. Tucker Asset Management LLC acquired a new position in shares of Greystone Housing Impact Investors in the fourth quarter valued at approximately $80,000. Cape Investment Advisory Inc. raised its holdings in Greystone Housing Impact Investors by 60.5% in the 1st quarter. Cape Investment Advisory Inc. now owns 8,105 shares of the company’s stock valued at $132,000 after buying an additional 3,056 shares during the last quarter. Finally, Bluefin Capital Management LLC boosted its position in Greystone Housing Impact Investors by 2.9% during the 4th quarter. Bluefin Capital Management LLC now owns 102,773 shares of the company’s stock worth $1,741,000 after buying an additional 2,915 shares during the period. Institutional investors and hedge funds own 9.01% of the company’s stock.

Greystone Housing Impact Investors Price Performance

Greystone Housing Impact Investors stock opened at $13.58 on Friday. The stock’s 50 day moving average is $14.19 and its 200 day moving average is $15.10. Greystone Housing Impact Investors LP has a one year low of $13.30 and a one year high of $17.55. The firm has a market cap of $316.26 million, a P/E ratio of 7.19 and a beta of 0.68. The company has a debt-to-equity ratio of 3.36, a current ratio of 13.29 and a quick ratio of 13.29.

Greystone Housing Impact Investors (NYSE:GHI) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15). Greystone Housing Impact Investors had a return on equity of 6.90% and a net margin of 32.12%. The firm had revenue of $21.97 million during the quarter, compared to analyst estimates of $25.57 million. During the same quarter last year, the firm posted $0.85 EPS. As a group, research analysts expect that Greystone Housing Impact Investors LP will post 1.22 EPS for the current year.

Analyst Upgrades and Downgrades

GHI has been the subject of several recent research reports. Janney Montgomery Scott initiated coverage on shares of Greystone Housing Impact Investors in a research report on Thursday, August 1st. They issued a “buy” rating and a $17.00 price target for the company. Raymond James reduced their price objective on shares of Greystone Housing Impact Investors from $18.50 to $17.50 and set an “outperform” rating on the stock in a research note on Monday, August 12th.

About Greystone Housing Impact Investors

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.