Squarepoint Ops LLC Buys Shares of 19,628 Perella Weinberg Partners (NASDAQ:PWP)

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

Several other institutional investors have also recently made changes to their positions in PWP. Quadrant Capital Group LLC raised its holdings in Perella Weinberg Partners by 43.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock valued at $37,000 after acquiring an additional 470 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at approximately $64,000. Meeder Asset Management Inc. acquired a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at $179,000. State of Wyoming lifted its position in shares of Perella Weinberg Partners by 180.4% during 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 during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Perella Weinberg Partners during the 4th quarter worth $248,000. Hedge funds and other institutional investors own 41.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JMP Securities cut their price target on 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. Wall Street Zen cut shares of Perella Weinberg Partners from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Keefe, Bruyette & Woods lowered their target price on shares of 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, The Goldman Sachs Group lifted their price target on shares of Perella Weinberg Partners from $16.00 to $18.00 and gave the stock a "sell" rating in a research note on Thursday, May 15th.

Perella Weinberg Partners Stock Performance

NASDAQ PWP traded up $0.90 on Friday, reaching $18.65. The stock had a trading volume of 968,128 shares, compared to its average volume of 652,604. The stock has a market cap of $1.65 billion, a P/E ratio of -11.80 and a beta of 1.65. Perella Weinberg Partners has a 12-month low of $13.82 and a 12-month high of $27.03. The business's 50-day moving average price is $17.25 and its 200 day moving average price is $21.21.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%. The firm had revenue of $211.83 million during the quarter, compared to the consensus estimate of $200.29 million. During the same quarter in the prior year, the firm earned ($0.10) EPS.

Perella Weinberg Partners Announces Dividend

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

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.