Last $10.32 USD
Change Today -0.04 / -0.39%
Volume 13.2K
GLCH On Other Exchanges
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Exchange
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As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

gleacher & co inc (GLCH) Snapshot

Open
$10.46
Previous Close
$10.36
Day High
$10.46
Day Low
$10.29
52 Week High
08/12/13 - $14.18
52 Week Low
12/26/13 - $9.94
Market Cap
63.8M
Average Volume 10 Days
12.5K
EPS TTM
$0.58
Shares Outstanding
6.2M
EX-Date
05/19/05
P/E TM
17.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for GLEACHER & CO INC (GLCH)

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gleacher & co inc (GLCH) Details

Gleacher & Company, Inc. is in the process of adopting a plan dissolution and liquidation of the company, subject to its shareholders approval. The company provides strategic and financial advisory services to corporate and institutional clients. It operates through Investment Banking, MBS & Rates, and Credit Products segments. Gleacher & Company, Inc. also invests and manages a fund that holds investments in privately held companies; and offers residential mortgage lending. The company was founded in 1952 and is headquartered in Albany, New York.

10 Employees
Last Reported Date: 05/9/14
Founded in 1952

gleacher & co inc (GLCH) Top Compensated Officers

Chief Executive Officer and Chief Restructuri...
Total Annual Compensation: --
Principal Financial Officer, Chief Accounting...
Total Annual Compensation: $579.2K
General Counsel and Secretary
Total Annual Compensation: $850.0K
Compensation as of Fiscal Year 2013.

gleacher & co inc (GLCH) Key Developments

Gleacher & Company To Delist From NASDAQ

Gleacher & Company, Inc. announced its intention to voluntarily delist its common stock, par value $0.01 per share, from the NASDAQ Global Select Market ("NASDAQ"). The Company intends to file a Form 25 with the Securities and Exchange Commission ("SEC") on or about July 7, 2014 to commence the NASDAQ delisting process. The Company expects that its delisting will become effective prior to the commencement of trading on or about July 17, 2014, at which time trading in the Company's common stock will be indefinitely suspended. The decision to delist from NASDAQ resulted from the Board of Directors' review of numerous factors, particularly the previously announced plan to engage in a complete dissolution and liquidation, the applicable NASDAQ rules and regulations, the relative benefits generated by the maintenance of a NASDAQ listing, and the cost and feasibility of ongoing compliance with the NASDAQ listing requirements in light of the Company's planned dissolution and liquidation. Following the delisting, securities brokers may make a market for interests in the Company's common stock in the "over-the-counter" market. The Company does not intend to actively facilitate any such market. Contemporaneous with delisting of the Company's common stock, the Company intends to file a Form 15 with the SEC to voluntarily effect deregistration of its securities under the Securities Exchange Act of 1934, as amended. The Company expects that its obligation to file periodic and current reports, such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, will be suspended upon the filing of the Form 15. The decision of the Company's Board of Directors to deregister its common stock was based on the consideration of numerous factors, including the large costs of preparing and filing periodic reports with the SEC, the increased outside accounting, audit, legal and other costs and expenses associated with being a public company, and the burdens placed on Company management to comply with reporting requirements, all in light of the Company's planned dissolution and liquidation. After the Company's periodic reporting requirements are suspended, the Company intends to continue to make available to its stockholders unaudited financial information.

Gleacher & Company, Inc Reports Earnings Results for the First Quarter of 2014

Gleacher & Company Inc. reported earnings results for the first quarter of 2014. The company reported a net loss of $4.8 million and a loss per share of $0.78.

Gleacher & Company Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Gleacher & Company announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. The company reported a net loss of $4.8 million for the first quarter of 2014 and a loss per share of or $0.78 basic and diluted on total revenue of $0.8 million. This compares to net loss of $18 million or loss per share of $3.01 basic and diluted on total revenue of $0.3 million. Loss from continuing operations was $4.3 million or $0.69 basic and diluted loss per share against loss from continuing operations of $6.2 million or $1.04 basic and diluted loss per share of prior year period.

 

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GLCH

Industry Average

Valuation GLCH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 26.8x
Price/Book 0.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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