321,985 Shares in Perella Weinberg Partners $PWP Bought by Ranger Investment Management L.P.

Ranger Investment Management L.P. bought a new stake in Perella Weinberg Partners (NASDAQ:PWPFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 321,985 shares of the company’s stock, valued at approximately $5,139,000. Ranger Investment Management L.P. owned about 0.34% of Perella Weinberg Partners as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Kennedy Capital Management LLC lifted its stake in Perella Weinberg Partners by 1.2% during the fourth quarter. Kennedy Capital Management LLC now owns 57,646 shares of the company’s stock worth $997,000 after purchasing an additional 660 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Perella Weinberg Partners by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 11,366 shares of the company’s stock valued at $197,000 after purchasing an additional 733 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Perella Weinberg Partners by 13.6% during the 4th quarter. Captrust Financial Advisors now owns 11,114 shares of the company’s stock valued at $192,000 after purchasing an additional 1,330 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Perella Weinberg Partners by 24.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,852 shares of the company’s stock valued at $124,000 after buying an additional 1,338 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Perella Weinberg Partners by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock valued at $566,000 after buying an additional 1,342 shares in the last quarter. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Price Performance

Shares of Perella Weinberg Partners stock opened at $16.61 on Monday. The firm has a market cap of $1.56 billion, a PE ratio of 63.89 and a beta of 1.64. Perella Weinberg Partners has a 12-month low of $14.11 and a 12-month high of $25.92. The company’s fifty day simple moving average is $16.23 and its two-hundred day simple moving average is $17.96.

Perella Weinberg Partners (NASDAQ:PWPGet Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.06 by $0.14. The firm had revenue of $156.53 million during the quarter, compared to the consensus estimate of $144.76 million. Perella Weinberg Partners had a net margin of 3.19% and a negative return on equity of 35.84%.

Perella Weinberg Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, August 28th. Perella Weinberg Partners’s payout ratio is currently 107.69%.

Insider Transactions at Perella Weinberg Partners

In other Perella Weinberg Partners news, CEO Andrew Bednar sold 80,045 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $17.17, for a total transaction of $1,374,372.65. Following the completion of the transaction, the chief executive officer owned 1,139,013 shares of the company’s stock, valued at $19,556,853.21. This represents a 6.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 235,697 shares of company stock worth $4,080,379. 26.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen raised Perella Weinberg Partners from a “hold” rating to a “buy” rating in a research note on Saturday. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $21.00 price target (up from $19.00) on shares of Perella Weinberg Partners in a research note on Monday, August 3rd. The Goldman Sachs Group boosted their price objective on shares of Perella Weinberg Partners from $14.50 to $16.00 and gave the stock a “sell” rating in a report on Monday, August 3rd. Finally, Weiss Ratings cut shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.00.

View Our Latest Analysis on Perella Weinberg Partners

Perella Weinberg Partners Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Perella Weinberg Partners (NASDAQ:PWP)

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