Two Sigma Investments LP Has $6.70 Million Stock Position in Perella Weinberg Partners (NASDAQ:PWP)

Two Sigma Investments LP grew its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 243.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 280,853 shares of the company's stock after purchasing an additional 199,166 shares during the quarter. Two Sigma Investments LP owned 0.32% of Perella Weinberg Partners worth $6,696,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC boosted its position in 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 acquiring an additional 470 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Perella Weinberg Partners during the fourth quarter worth approximately $64,000. Meeder Asset Management Inc. purchased a new position in Perella Weinberg Partners during the fourth quarter valued at approximately $179,000. State of Wyoming grew its position in Perella Weinberg Partners by 180.4% during the fourth quarter. State of Wyoming now owns 8,855 shares of the company's stock valued at $211,000 after purchasing an additional 5,697 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Perella Weinberg Partners in the 4th quarter valued at approximately $248,000. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JMP Securities lowered their price target on shares of 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. Keefe, Bruyette & Woods dropped their target price on Perella Weinberg Partners from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, May 12th. The Goldman Sachs Group raised their price target 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. Finally, Wall Street Zen cut Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th.

Perella Weinberg Partners Trading Down 1.5%

NASDAQ PWP traded down $0.27 during trading on Friday, hitting $17.52. 150,637 shares of the company traded hands, compared to its average volume of 637,781. Perella Weinberg Partners has a 12 month low of $13.82 and a 12 month high of $27.03. The business has a fifty day simple moving average of $17.41 and a 200 day simple moving average of $21.58. The company has a market capitalization of $1.55 billion, a P/E ratio of -11.12 and a beta of 1.69.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported $0.28 earnings per share (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 firm had revenue of $211.83 million during the quarter, compared to analysts' expectations of $200.29 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share.

Perella Weinberg Partners Announces Dividend

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