Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment of $748,000 in Perella Weinberg Partners, purchasing 40,629 shares of the company's stock.
• Multiple institutional investors, including FMR LLC and Vanguard Group Inc., have increased their stakes in Perella Weinberg Partners, signaling strong interest in the firm.
• Perella Weinberg reported a loss in earnings for the last quarter, with an EPS of $0.09, missing the consensus estimate of $0.16, and a revenue of $155.27 million, lower than expected.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 40,629 shares of the company's stock, valued at approximately $748,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew 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 purchasing an additional 470 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Perella Weinberg Partners during the 1st quarter valued at approximately $32,000. GAMMA Investing LLC lifted its stake in Perella Weinberg Partners by 2,401.3% during the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock valued at $70,000 after acquiring an additional 3,674 shares during the period. State of Wyoming lifted its stake in Perella Weinberg Partners by 180.4% during the 4th quarter. State of Wyoming now owns 8,855 shares of the company's stock valued at $211,000 after acquiring an additional 5,697 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in Perella Weinberg Partners during the 4th quarter valued at approximately $248,000. Institutional investors own 41.07% of the company's stock.

Perella Weinberg Partners Price Performance

NASDAQ PWP traded down $0.04 during trading hours on Wednesday, hitting $22.15. The company had a trading volume of 623,562 shares, compared to its average volume of 945,402. Perella Weinberg Partners has a fifty-two week low of $14.12 and a fifty-two week high of $27.03. The firm's 50 day moving average is $19.41 and its 200 day moving average is $19.87. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 26.99 and a beta of 1.66.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be issued 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 is Friday, August 29th. Perella Weinberg Partners's dividend payout ratio (DPR) is 34.15%.

Analyst Ratings Changes

Several brokerages have commented on PWP. Wall Street Zen cut shares of Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. JMP Securities lowered their target price on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group raised their price objective on shares of Perella Weinberg Partners from $16.00 to $18.00 and gave the stock a "sell" rating in a report on Thursday, May 15th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Perella Weinberg Partners from $23.00 to $24.00 and gave the company a "market perform" rating in a report on Monday.

Perella Weinberg Partners 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.