Dark Forest Capital Management LP Invests $746,000 in Perella Weinberg Partners (NASDAQ:PWP)

Dark Forest Capital Management LP bought a new stake in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 31,296 shares of the company's stock, valued at approximately $746,000.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Perella Weinberg Partners by 49.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 435,922 shares of the company's stock worth $8,418,000 after purchasing an additional 144,222 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Perella Weinberg Partners by 2.8% in the third quarter. Geode Capital Management LLC now owns 1,257,620 shares of the company's stock valued at $24,289,000 after buying an additional 34,301 shares in the last quarter. Kings Path Partners LLC acquired a new stake in shares of Perella Weinberg Partners during the 4th quarter valued at $535,000. Jump Financial LLC boosted its stake in shares of Perella Weinberg Partners by 181.5% during the 4th quarter. Jump Financial LLC now owns 33,502 shares of the company's stock worth $799,000 after acquiring an additional 21,602 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Perella Weinberg Partners by 8.7% in the 4th quarter. Barclays PLC now owns 202,517 shares of the company's stock worth $4,828,000 after acquiring an additional 16,130 shares during the last quarter. Institutional investors and hedge funds own 41.07% of the company's stock.

Analyst Ratings Changes

PWP has been the topic of a number of analyst reports. JMP Securities dropped their price target on Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group reduced their target price on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating for the company in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods upped their price target on Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, February 10th.

Perella Weinberg Partners Trading Down 2.2 %

PWP stock traded down $0.38 during midday trading on Wednesday, reaching $16.98. The company had a trading volume of 87,958 shares, compared to its average volume of 594,990. The company has a 50 day moving average of $18.64 and a two-hundred day moving average of $22.16. The company has a market capitalization of $1.47 billion, a P/E ratio of -10.77 and a beta of 1.68. Perella Weinberg Partners has a 1 year low of $11.68 and a 1 year high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners's dividend payout ratio (DPR) 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.