Cubist Systematic Strategies LLC acquired a new stake in Perella Weinberg Partners (NASDAQ:PWP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 46,867 shares of the company's stock, valued at approximately $1,117,000. Cubist Systematic Strategies LLC owned 0.05% of Perella Weinberg Partners at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quadrant Capital Group LLC increased its position in Perella Weinberg Partners by 43.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock valued at $37,000 after buying an additional 470 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Perella Weinberg Partners in the 4th quarter valued at about $64,000. Meeder Asset Management Inc. bought a new stake in Perella Weinberg Partners in the 4th quarter valued at about $179,000. Captrust Financial Advisors bought a new stake in Perella Weinberg Partners in the 4th quarter valued at about $248,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Perella Weinberg Partners in the 4th quarter valued at about $248,000. 41.07% of the stock is owned by institutional investors and hedge funds.
Perella Weinberg Partners Stock Performance
PWP traded up $0.16 during midday trading on Friday, reaching $19.13. 968,577 shares of the company were exchanged, compared to its average volume of 632,538. The company's fifty day moving average price is $17.71 and its 200 day moving average price is $21.86. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -12.11 and a beta of 1.69. Perella Weinberg Partners has a one year low of $13.82 and a one year high of $27.03.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.07. The firm had revenue of $211.83 million during the quarter, compared to analyst estimates of $200.29 million. Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%. During the same period in the previous year, the company posted ($0.10) EPS.
Perella Weinberg Partners Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Wednesday, May 14th. Perella Weinberg Partners's dividend payout ratio is currently -65.12%.
Wall Street Analyst Weigh In
PWP has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their target price on Perella Weinberg Partners from $16.00 to $18.00 and gave the company a "sell" rating in a research report on Thursday. Keefe, Bruyette & Woods decreased their target price on Perella Weinberg Partners from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, May 12th. Finally, JMP Securities decreased their target price on 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.
Read Our Latest Research Report on Perella Weinberg Partners
Perella Weinberg Partners Company Profile
(
Free Report)
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.
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