Alexandra Gottschalk Sells 43,788 Shares of Perella Weinberg Partners (NASDAQ:PWP) Stock

Perella Weinberg Partners (NASDAQ:PWPGet Free Report) CFO Alexandra Gottschalk sold 43,788 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $17.58, for a total transaction of $769,793.04. Following the completion of the sale, the chief financial officer owned 86,510 shares in the company, valued at $1,520,845.80. The trade was a 33.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Alexandra Gottschalk also recently made the following trade(s):

  • On Wednesday, May 20th, Alexandra Gottschalk sold 14,018 shares of Perella Weinberg Partners stock. The stock was sold at an average price of $17.46, for a total transaction of $244,754.28.
  • On Tuesday, May 5th, Alexandra Gottschalk sold 51,671 shares of Perella Weinberg Partners stock. The stock was sold at an average price of $19.74, for a total transaction of $1,019,985.54.

Perella Weinberg Partners Price Performance

PWP stock traded up $0.28 during midday trading on Wednesday, hitting $17.71. 821,914 shares of the stock traded hands, compared to its average volume of 1,269,774. The firm has a market cap of $1.65 billion, a P/E ratio of 73.79 and a beta of 1.74. The stock’s fifty day simple moving average is $18.87 and its 200-day simple moving average is $19.18. Perella Weinberg Partners has a 1-year low of $15.74 and a 1-year high of $25.92.

Perella Weinberg Partners (NASDAQ:PWPGet Free Report) last released its quarterly 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). The firm had revenue of $148.92 million for the quarter, compared to analyst estimates of $158.82 million. Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%.

Perella Weinberg Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, June 1st. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently 116.67%.

Wall Street Analysts Forecast Growth

PWP has been the topic of several analyst reports. Citizens Jmp dropped their price target on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating on the stock in a research report on Friday, April 10th. Keefe, Bruyette & Woods raised their price target on shares of Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings lowered shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Perella Weinberg Partners from $17.50 to $19.50 and gave the stock a “sell” rating in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.50.

Check Out Our Latest Research Report on PWP

Hedge Funds Weigh In On Perella Weinberg Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the company. William Blair Investment Management LLC lifted its position in shares of Perella Weinberg Partners by 10.6% in the fourth 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 fourth 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 second 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 fourth 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 fourth 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. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Company Profile

(Get 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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