Allspring Global Investments Holdings LLC Cuts Stake in GreenTree Hospitality Group Ltd. (NYSE:GHG)

Allspring Global Investments Holdings LLC reduced its stake in shares of GreenTree Hospitality Group Ltd. (NYSE:GHG) 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 (NYSE:GHG) last posted its earnings results on Thursday, August 15th. The company reported $0.36 earnings per share for the quarter. The firm had revenue of $45.37 million during the quarter. GreenTree Hospitality Group had a net margin of 16.34% and a return on equity of 16.13%.

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.