Allspring Global Investments Holdings LLC reduced its stake in shares of GreenTree Hospitality Group Ltd. (NYSE:GHG – Free Report) by 3.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,245,843 shares of the company’s stock after selling 174,517 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.05% of GreenTree Hospitality Group worth $16,210,000 at the end of the most recent reporting period.
Separately, First Affirmative Financial Network purchased a new position in shares of GreenTree Hospitality Group in the second quarter valued at $37,000. 8.05% of the stock is owned by institutional investors and hedge funds.
GreenTree Hospitality Group Trading Down 1.4 %
GHG stock opened at $2.91 on Friday. The firm has a fifty day moving average price of $2.76 and a 200 day moving average price of $2.76. GreenTree Hospitality Group Ltd. has a fifty-two week low of $2.31 and a fifty-two week high of $4.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.48 and a current ratio of 1.49. The firm has a market cap of $295.49 million, a PE ratio of 6.93 and a beta of 0.51.
GreenTree Hospitality Group Cuts Dividend
The business also recently declared a Variable dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were given a $0.10 dividend. The ex-dividend date was Monday, September 30th. This represents a yield of 3.1%. GreenTree Hospitality Group’s dividend payout ratio is presently 19.05%.
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.
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