Jefferies Financial Group Inc. bought a new position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 31,996 shares of the company's stock, valued at approximately $589,000.
Several other large investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake 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 worth $37,000 after purchasing an additional 470 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Perella Weinberg Partners in the first quarter valued at about $32,000. GAMMA Investing LLC lifted its position in Perella Weinberg Partners by 2,401.3% during the first quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock worth $70,000 after acquiring an additional 3,674 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Perella Weinberg Partners during the first quarter worth $118,000. Finally, State of Wyoming raised its stake in Perella Weinberg Partners by 180.4% in the 4th quarter. State of Wyoming now owns 8,855 shares of the company's stock worth $211,000 after purchasing an additional 5,697 shares in the last quarter. Institutional investors own 41.07% of the company's stock.
Perella Weinberg Partners Price Performance
Shares of NASDAQ:PWP traded down $0.21 during trading on Friday, hitting $22.18. 1,816,072 shares of the company were exchanged, compared to its average volume of 1,205,412. The company has a market cap of $1.96 billion, a PE ratio of 27.05 and a beta of 1.66. Perella Weinberg Partners has a 52-week low of $14.12 and a 52-week high of $27.03. The stock has a 50 day moving average of $19.69 and a 200 day moving average of $19.79.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.07). The business had revenue of $155.27 million during the quarter, compared to analysts' expectations of $188.06 million. Perella Weinberg Partners had a net margin of 6.57% and a negative return on equity of 26.14%.
Perella Weinberg Partners Announces Dividend
The firm 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 dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. Perella Weinberg Partners's dividend payout ratio (DPR) is currently 34.15%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Keefe, Bruyette & Woods raised their price target on Perella Weinberg Partners from $23.00 to $24.00 and gave the stock a "market perform" rating in a research report on Monday, August 4th. Wall Street Zen lowered Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, The Goldman Sachs Group lifted their price objective on Perella Weinberg Partners from $16.00 to $18.00 and gave the stock a "sell" rating in a research note on Thursday, May 15th.
View Our Latest Stock Report on PWP
About Perella Weinberg Partners
(
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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