Perella Weinberg Partners (NASDAQ:PWP – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $14.56 and last traded at $14.5940, with a volume of 98384 shares trading hands. The stock had previously closed at $14.71.
Analysts Set New Price Targets
Several research analysts have recently issued reports on PWP shares. The Goldman Sachs Group set a $16.00 price objective on shares of Perella Weinberg Partners in a report on Friday. Keefe, Bruyette & Woods increased their price objective on shares of Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of Perella Weinberg Partners from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Citizens Jmp decreased their price objective on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Perella Weinberg Partners has an average rating of “Hold” and an average target price of $22.63.
Read Our Latest Report on Perella Weinberg Partners
Perella Weinberg Partners Stock Up 1.2%
Perella Weinberg Partners (NASDAQ:PWP – Get Free Report) last released its earnings results on Friday, May 1st. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%. The business had revenue of $148.92 million for the quarter, compared to analyst estimates of $158.82 million.
Perella Weinberg Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.28 annualized dividend and a yield of 1.8%. Perella Weinberg Partners’s dividend payout ratio is currently 116.67%.
Insider Buying and Selling
In related news, CFO Alexandra Gottschalk sold 14,018 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $17.46, for a total transaction of $244,754.28. Following the completion of the sale, the chief financial officer directly owned 72,492 shares of the company’s stock, valued at $1,265,710.32. This represents a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 109,477 shares of company stock worth $2,034,533 over the last ninety days. 26.10% of the stock is owned by corporate insiders.
Institutional Trading of Perella Weinberg Partners
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. William Blair Investment Management LLC lifted its position in shares of Perella Weinberg Partners by 10.6% in the 4th quarter. William Blair Investment Management LLC now owns 3,946,163 shares of the company’s stock valued at $68,269,000 after acquiring an additional 379,652 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Perella Weinberg Partners by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 3,722,756 shares of the company’s stock valued at $64,404,000 after acquiring an additional 241,363 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Perella Weinberg Partners by 73.5% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock valued at $60,911,000 after acquiring an additional 1,328,312 shares in the last quarter. Nuveen LLC lifted its position in shares of Perella Weinberg Partners by 29.2% in the 4th quarter. Nuveen LLC now owns 2,861,405 shares of the company’s stock valued at $49,502,000 after acquiring an additional 646,143 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Perella Weinberg Partners by 2.2% in the 4th quarter. State Street Corp now owns 1,798,302 shares of the company’s stock valued at $31,111,000 after acquiring an additional 39,544 shares in the last quarter. 41.07% of the stock is owned by institutional investors and hedge funds.
Perella Weinberg Partners Company Profile
Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.
The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.
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