Boothbay Fund Management LLC Has $2.86 Million Stock Position in Perella Weinberg Partners (NASDAQ:PWP)

Boothbay Fund Management LLC grew its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 200.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,000 shares of the company's stock after buying an additional 80,000 shares during the period. Boothbay Fund Management LLC owned approximately 0.14% of Perella Weinberg Partners worth $2,861,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Perella Weinberg Partners during the 4th quarter worth $18,493,000. Channing Capital Management LLC bought a new position in shares of Perella Weinberg Partners in the fourth quarter worth $16,207,000. Franklin Resources Inc. acquired a new position in Perella Weinberg Partners in the fourth quarter valued at about $13,586,000. Walleye Capital LLC bought a new stake in Perella Weinberg Partners during the fourth quarter worth about $10,307,000. Finally, Cannell & Spears LLC acquired a new stake in Perella Weinberg Partners during the fourth quarter worth about $8,881,000. Institutional investors and hedge funds own 41.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on PWP shares. JMP Securities dropped their target price on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group reduced their target price on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating on the stock in a report on Wednesday, April 2nd.

Perella Weinberg Partners Stock Performance

Shares of Perella Weinberg Partners stock traded up $0.34 during midday trading on Friday, hitting $17.59. 2,240,919 shares of the company traded hands, compared to its average volume of 602,751. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -11.13 and a beta of 1.68. The firm's fifty day moving average price is $18.31 and its 200-day moving average price is $22.07. Perella Weinberg Partners has a 12 month low of $13.82 and a 12 month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.07. Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%. The company had revenue of $211.83 million during the quarter, compared to the consensus estimate of $200.29 million. During the same period in the prior year, the business earned ($0.10) earnings per share.

Perella Weinberg Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were given a $0.07 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 annualized dividend and a yield of 1.59%. Perella Weinberg Partners's dividend payout ratio is presently -17.72%.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.