Two Sigma Advisers LP Has $4.08 Million Position in Perella Weinberg Partners (NASDAQ:PWP)

Two Sigma Advisers LP grew its stake in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 396.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 171,200 shares of the company's stock after acquiring an additional 136,700 shares during the period. Two Sigma Advisers LP owned 0.19% of Perella Weinberg Partners worth $4,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Quadrant Capital Group LLC boosted its position in Perella Weinberg Partners by 43.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock valued at $37,000 after purchasing an additional 470 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Perella Weinberg Partners by 1.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,403 shares of the company's stock valued at $701,000 after acquiring an additional 518 shares in the last quarter. US Bancorp DE lifted its stake in Perella Weinberg Partners by 4.4% in the fourth quarter. US Bancorp DE now owns 17,602 shares of the company's stock valued at $420,000 after acquiring an additional 746 shares during the last quarter. Ancora Advisors LLC increased its stake in shares of Perella Weinberg Partners by 0.4% during the 4th quarter. Ancora Advisors LLC now owns 203,446 shares of the company's stock worth $4,850,000 after purchasing an additional 830 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Perella Weinberg Partners by 1.2% during the fourth quarter. Rhumbline Advisers now owns 70,861 shares of the company's stock valued at $1,689,000 after buying an additional 854 shares in the last quarter. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several 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, May 24th. Keefe, Bruyette & Woods reduced their target price 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. The Goldman Sachs Group upped their target price 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. Finally, JMP Securities lowered their price target on Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th.

Perella Weinberg Partners Stock Performance

Shares of NASDAQ:PWP traded down $0.27 during midday trading on Friday, hitting $17.52. The company's stock had a trading volume of 150,637 shares, compared to its average volume of 637,781. The stock's 50 day simple moving average is $17.41 and its 200 day simple moving average is $21.58. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -11.12 and a beta of 1.69. Perella Weinberg Partners has a fifty-two week low of $13.82 and a fifty-two week high of $27.03.

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

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.60%. Perella Weinberg Partners's payout ratio is -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.