Dimensional Fund Advisors LP Sells 65,013 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Dimensional Fund Advisors LP lowered its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 50.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,452 shares of the company's stock after selling 65,013 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Perella Weinberg Partners worth $1,537,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in shares of Perella Weinberg Partners by 43.9% during 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 purchased a new position in shares of Perella Weinberg Partners during the fourth quarter worth approximately $64,000. Meeder Asset Management Inc. bought a new stake in shares of Perella Weinberg Partners in the 4th quarter worth approximately $179,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at $248,000. Finally, Aigen Investment Management LP bought a new position in shares of Perella Weinberg Partners during the 4th quarter valued at $311,000. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

Perella Weinberg Partners Price Performance

Shares of PWP traded down $0.26 on Monday, reaching $18.87. The company's stock had a trading volume of 659,472 shares, compared to its average volume of 633,886. The stock's 50 day simple moving average is $17.71 and its two-hundred day simple moving average is $21.88. The stock has a market capitalization of $1.67 billion, a P/E ratio of -11.94 and a beta of 1.69. 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 data on Friday, May 2nd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. The business had revenue of $211.83 million for the quarter, compared to the consensus estimate 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 business earned ($0.10) earnings per share.

Perella Weinberg Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Wednesday, May 14th. Perella Weinberg Partners's dividend payout ratio (DPR) is -65.12%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective 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. JMP Securities cut their price target on shares of 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. Finally, The Goldman Sachs Group boosted their price objective on shares of Perella Weinberg Partners from $16.00 to $18.00 and gave the company a "sell" rating in a research report on Thursday.

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.