Squarepoint Ops LLC Makes New Investment in Perella Weinberg Partners (NASDAQ:PWP)

Squarepoint Ops LLC bought a new stake in Perella Weinberg Partners (NASDAQ:PWP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 19,628 shares of the company's stock, valued at approximately $468,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Perella Weinberg Partners in the fourth quarter worth $18,493,000. Channing Capital Management LLC bought a new position in shares of Perella Weinberg Partners in the fourth quarter valued at about $16,207,000. Franklin Resources Inc. bought a new position in shares of Perella Weinberg Partners in the fourth quarter worth about $13,586,000. Walleye Capital LLC acquired a new position in shares of Perella Weinberg Partners during the fourth quarter worth approximately $10,307,000. Finally, Cannell & Spears LLC bought a new stake in shares of Perella Weinberg Partners during the fourth quarter valued at approximately $8,881,000. Institutional investors and hedge funds own 41.07% of the company's stock.

Analyst Ratings Changes

PWP has been the topic of several research reports. Wall Street Zen downgraded Perella Weinberg Partners from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. 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 report on Thursday, May 15th. 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 report on Monday, May 12th. Finally, JMP Securities reduced their target price on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th.

Perella Weinberg Partners Price Performance

Shares of Perella Weinberg Partners stock traded up $0.90 on Friday, hitting $18.65. 968,128 shares of the company's stock traded hands, compared to its average volume of 649,982. The firm's 50-day moving average price is $17.24 and its two-hundred day moving average price is $21.31. The stock has a market capitalization of $1.65 billion, a PE ratio of -11.80 and a beta of 1.65. Perella Weinberg Partners has a one year low of $13.82 and a one year 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, topping analysts' consensus estimates of $0.21 by $0.07. Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%. The business had revenue of $211.83 million during the quarter, compared to analysts' expectations of $200.29 million. During the same period in the previous year, the firm earned ($0.10) earnings per share.

Perella Weinberg Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.50%. Perella Weinberg Partners's dividend payout ratio (DPR) is presently -65.12%.

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.