Ceredex Value Advisors LLC Decreases Stake in Perella Weinberg Partners (NASDAQ:PWP)

Ceredex Value Advisors LLC reduced its stake in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 6.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 346,624 shares of the company's stock after selling 24,395 shares during the period. Ceredex Value Advisors LLC owned about 0.39% of Perella Weinberg Partners worth $8,264,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jump Financial LLC raised its stake in shares of Perella Weinberg Partners by 181.5% in the fourth quarter. Jump Financial LLC now owns 33,502 shares of the company's stock valued at $799,000 after buying an additional 21,602 shares during the period. Walleye Capital LLC bought a new stake in Perella Weinberg Partners in the 4th quarter valued at about $10,307,000. XTX Topco Ltd bought a new position in Perella Weinberg Partners during the fourth quarter worth about $644,000. Barclays PLC raised its position in shares of Perella Weinberg Partners by 8.7% in the fourth quarter. Barclays PLC now owns 202,517 shares of the company's stock valued at $4,828,000 after purchasing an additional 16,130 shares during the period. Finally, Kennedy Capital Management LLC lifted its stake in shares of Perella Weinberg Partners by 8.8% during the 4th quarter. Kennedy Capital Management LLC now owns 21,170 shares of the company's stock valued at $505,000 after buying an additional 1,707 shares in the last quarter. Hedge funds and other institutional investors own 41.07% of the company's stock.

Perella Weinberg Partners Stock Performance

Perella Weinberg Partners stock traded up $0.34 during midday trading on Tuesday, hitting $15.87. 131,627 shares of the company's stock were exchanged, compared to its average volume of 588,874. The stock has a 50-day moving average price of $19.48 and a two-hundred day moving average price of $22.33. Perella Weinberg Partners has a 52-week low of $11.68 and a 52-week high of $27.03. The company has a market cap of $1.38 billion, a P/E ratio of -10.06 and a beta of 1.68.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%.

Perella Weinberg Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $0.07 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.76%. Perella Weinberg Partners's dividend payout ratio (DPR) is -17.72%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JMP Securities dropped their price objective on Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group lowered their price target on shares of Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating on the stock in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an "outperform" rating in a report on Monday, February 10th.

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.