Allspring Global Investments Holdings LLC Sells 174,517 Shares of GreenTree Hospitality Group Ltd. (NYSE:GHG)

Allspring Global Investments Holdings LLC cut its holdings in GreenTree Hospitality Group Ltd. (NYSE:GHG - Free Report) by 3.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,245,843 shares of the company's stock after selling 174,517 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 5.17% of GreenTree Hospitality Group worth $16,210,000 at the end of the most recent reporting period.

Separately, First Affirmative Financial Network acquired a new stake in shares of GreenTree Hospitality Group in the 2nd quarter valued at approximately $37,000. 8.05% of the stock is owned by hedge funds and other institutional investors.

GreenTree Hospitality Group Price Performance

GHG stock traded down $0.14 during trading on Friday, reaching $2.77. 17,912 shares of the company were exchanged, compared to its average volume of 8,880. GreenTree Hospitality Group Ltd. has a twelve month low of $2.31 and a twelve month high of $4.48. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.48. The company has a market capitalization of $281.28 million, a price-to-earnings ratio of 6.60 and a beta of 0.51. The company has a 50-day moving average of $2.77 and a two-hundred day moving average of $2.76.

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

GreenTree Hospitality Group Cuts Dividend

The firm also recently announced a Variable dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were given a dividend of $0.10 per share. 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 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.