Compound Planning Inc. Acquires Shares of 23,551 Perella Weinberg Partners $PWP

Key Points

• Compound Planning Inc. has acquired 23,551 shares of Perella Weinberg Partners (NASDAQ:PWP), valued at approximately $433,000, as per its latest 13F filing with the SEC.
• Perella Weinberg recently reported Q2 earnings that missed consensus estimates, with an EPS of $0.09 and revenue of $155.27 million, compared to expectations of $0.16 and $188.06 million respectively.
• The company has announced a quarterly dividend of $0.07 per share, which will be paid on September 10th, representing an annual yield of 1.3%.

Compound Planning Inc. bought a new stake in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,551 shares of the company's stock, valued at approximately $433,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Channing Capital Management LLC increased its position in Perella Weinberg Partners by 215.2% during the 1st quarter. Channing Capital Management LLC now owns 2,142,888 shares of the company's stock valued at $39,429,000 after purchasing an additional 1,463,083 shares during the period. Martingale Asset Management L P increased its position in Perella Weinberg Partners by 17.3% during the 1st quarter. Martingale Asset Management L P now owns 57,427 shares of the company's stock valued at $1,057,000 after purchasing an additional 8,473 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Perella Weinberg Partners during the 1st quarter valued at approximately $40,000. Wellington Management Group LLP increased its position in Perella Weinberg Partners by 128.6% during the 1st quarter. Wellington Management Group LLP now owns 3,009,484 shares of the company's stock valued at $55,375,000 after purchasing an additional 1,692,922 shares during the period. Finally, Algert Global LLC increased its position in Perella Weinberg Partners by 15.3% during the 1st quarter. Algert Global LLC now owns 434,173 shares of the company's stock valued at $7,989,000 after purchasing an additional 57,609 shares during the period. Institutional investors and hedge funds own 41.07% of the company's stock.

Insider Activity

In related news, President Dietrich Becker sold 177,553 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $22.20, for a total value of $3,941,676.60. Following the transaction, the president directly owned 368,469 shares in the company, valued at $8,180,011.80. This trade represents a 32.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.82% of the stock is currently owned by corporate insiders.

Perella Weinberg Partners Trading Down 1.2%

Shares of PWP traded down $0.27 during trading hours on Friday, reaching $22.13. The stock had a trading volume of 965,810 shares, compared to its average volume of 1,189,455. Perella Weinberg Partners has a 12 month low of $14.12 and a 12 month high of $27.03. The firm has a 50-day simple moving average of $20.88 and a 200 day simple moving average of $19.43. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 26.99 and a beta of 1.67.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07). Perella Weinberg Partners had a negative return on equity of 26.14% and a net margin of 6.57%.The firm had revenue of $155.27 million during the quarter, compared to the consensus estimate of $188.06 million.

Perella Weinberg Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 29th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 29th. Perella Weinberg Partners's dividend payout ratio (DPR) is currently 34.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PWP shares. Keefe, Bruyette & Woods increased their price target on Perella Weinberg Partners from $23.00 to $24.00 and gave the stock a "market perform" rating in a report on Monday, August 4th. Wall Street Zen cut Perella Weinberg Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, The Goldman Sachs Group increased their price target on Perella Weinberg Partners from $16.00 to $18.00 and gave the stock a "sell" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Perella Weinberg Partners presently has a consensus rating of "Hold" and an average price target of $23.67.

About Perella Weinberg Partners

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.