Perella Weinberg Partners $PWP Shares Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Perella Weinberg Partners by 150.7%, acquiring an additional 24,291 shares worth approximately $743,000.
• Perella Weinberg's quarterly earnings report revealed a loss of $0.09 per share, missing estimates by $0.07, along with revenue of $155.27 million, which fell short of $188.06 million projections.
• The company will pay a $0.07 quarterly dividend on September 10th, representing an annualized payout of $0.28 and a dividend yield of 1.3%.

Dynamic Technology Lab Private Ltd boosted its stake in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 150.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,411 shares of the company's stock after acquiring an additional 24,291 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Perella Weinberg Partners were worth $743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PWP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Perella Weinberg Partners by 1.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,403 shares of the company's stock worth $701,000 after buying an additional 518 shares in the last quarter. US Bancorp DE raised its stake in shares of Perella Weinberg Partners by 5.8% during the 1st quarter. US Bancorp DE now owns 18,623 shares of the company's stock worth $343,000 after buying an additional 1,021 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Perella Weinberg Partners during the 1st quarter worth approximately $32,000. Rhumbline Advisers raised its stake in shares of Perella Weinberg Partners by 2.7% during the 1st quarter. Rhumbline Advisers now owns 72,801 shares of the company's stock worth $1,340,000 after buying an additional 1,940 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Perella Weinberg Partners during the 1st quarter worth approximately $40,000. 41.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PWP shares. Wall Street Zen downgraded Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Keefe, Bruyette & Woods increased their target price on Perella Weinberg Partners from $23.00 to $24.00 and gave the stock a "market perform" rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Perella Weinberg Partners has a consensus rating of "Hold" and an average price target of $23.67.

Insider Activity

In other news, President Dietrich Becker sold 177,553 shares of Perella Weinberg Partners stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $22.20, for a total transaction of $3,941,676.60. Following the sale, the president directly owned 368,469 shares of the company's stock, valued at approximately $8,180,011.80. The trade was a 32.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 31.82% of the company's stock.

Perella Weinberg Partners Stock Performance

Perella Weinberg Partners stock traded down $0.07 during midday trading on Monday, reaching $22.18. The stock had a trading volume of 160,626 shares, compared to its average volume of 977,307. Perella Weinberg Partners has a twelve month low of $14.12 and a twelve month high of $27.03. The stock has a market capitalization of $1.94 billion, a PE ratio of 27.04 and a beta of 1.67. The stock's 50-day simple moving average is $21.31 and its 200 day simple moving average is $19.34.

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 for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07). Perella Weinberg Partners had a net margin of 6.57% and a negative return on equity of 26.14%. The firm had revenue of $155.27 million during the quarter, compared to analyst estimates of $188.06 million.

Perella Weinberg Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 29th. Perella Weinberg Partners's payout ratio is presently 34.15%.

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.