Dimensional Fund Advisors LP Trims Stake in Perella Weinberg Partners (NASDAQ:PWP)

Dimensional Fund Advisors LP lessened its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 50.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,452 shares of the company's stock after selling 65,013 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of Perella Weinberg Partners worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PWP. Quadrant Capital Group LLC raised its position in Perella Weinberg Partners by 43.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock valued at $37,000 after purchasing an additional 470 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Perella Weinberg Partners during the 4th quarter valued at about $64,000. Meeder Asset Management Inc. bought a new stake in Perella Weinberg Partners in the 4th quarter worth approximately $179,000. KLP Kapitalforvaltning AS purchased a new stake in Perella Weinberg Partners in the fourth quarter worth approximately $248,000. Finally, Aigen Investment Management LP bought a new position in Perella Weinberg Partners during the fourth quarter valued at approximately $311,000. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PWP. The Goldman Sachs Group lifted their target price on shares of Perella Weinberg Partners from $16.00 to $18.00 and gave the stock a "sell" rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods lowered their target price on Perella Weinberg Partners from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, May 12th. Finally, JMP Securities reduced 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 report on Tuesday, April 8th.

Perella Weinberg Partners Stock Down 5.1%

Shares of Perella Weinberg Partners stock opened at $17.65 on Thursday. The company's fifty day simple moving average is $17.65 and its two-hundred day simple moving average is $21.81. Perella Weinberg Partners has a 12-month low of $13.82 and a 12-month high of $27.03. The firm has a market cap of $1.56 billion, a PE ratio of -11.17 and a beta of 1.69.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted its 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. The company had revenue of $211.83 million for the quarter, compared to analysts' expectations 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 last year, the firm earned ($0.10) earnings per share.

Perella Weinberg Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.59%. Perella Weinberg Partners's dividend payout ratio is presently -65.12%.

Perella Weinberg Partners 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.