GreenTree Hospitality Group (NYSE:GHG) Trading Up 2.4%

GreenTree Hospitality Group Ltd. (NYSE:GHG) was up 2.4% during mid-day trading on Friday . The company traded as high as $2.59 and last traded at $2.52. Approximately 9,113 shares traded hands during trading, an increase of 13% from the average daily volume of 8,050 shares. The stock had previously closed at $2.46.

GreenTree Hospitality Group Trading Up 2.4 %

The business has a 50 day moving average of $2.52 and a 200-day moving average of $2.78. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $255.89 million, a P/E ratio of 6.00 and a beta of 0.50.

GreenTree Hospitality Group (NYSE:GHG) last posted its earnings results on Thursday, August 15th. The company reported $0.36 earnings per share (EPS) for the quarter. GreenTree Hospitality Group had a return on equity of 16.13% and a net margin of 16.34%. The business had revenue of $45.37 million during the quarter.

GreenTree Hospitality Group Cuts Dividend

The firm also recently announced a Variable dividend, which will be paid on Wednesday, October 16th. Investors of record on Monday, September 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, September 30th. This represents a yield of 3.1%. GreenTree Hospitality Group’s payout ratio is 19.05%.

Hedge Funds Weigh In On GreenTree Hospitality Group

An institutional investor recently bought a new position in GreenTree Hospitality Group stock. First Affirmative Financial Network purchased a new position in shares of GreenTree Hospitality Group Ltd. (NYSE:GHG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,184 shares of the company’s stock, valued at approximately $37,000. Institutional investors own 8.05% of the company’s stock.

GreenTree Hospitality Group Company Profile

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.