Voloridge Investment Management LLC Increases Stock Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Voloridge Investment Management LLC raised its stake in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 137.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 282,202 shares of the company's stock after buying an additional 163,526 shares during the quarter. Voloridge Investment Management LLC owned 0.32% of Perella Weinberg Partners worth $6,728,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PWP. Quadrant Capital Group LLC boosted its holdings in Perella Weinberg Partners by 43.9% in the 4th 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 period. Venturi Wealth Management LLC acquired a new position in Perella Weinberg Partners during the fourth quarter worth approximately $64,000. Meeder Asset Management Inc. acquired a new position in shares of Perella Weinberg Partners in the fourth quarter valued at about $179,000. State of Wyoming increased its holdings in Perella Weinberg Partners by 180.4% in the 4th quarter. State of Wyoming now owns 8,855 shares of the company's stock valued at $211,000 after buying an additional 5,697 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Perella Weinberg Partners in the 4th quarter valued at about $248,000. Institutional investors and hedge funds own 41.07% of the company's stock.

Perella Weinberg Partners Stock Down 2.4%

Shares of Perella Weinberg Partners stock traded down $0.43 during midday trading on Friday, hitting $17.37. The company had a trading volume of 308,892 shares, compared to its average volume of 853,649. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -10.99 and a beta of 1.69. Perella Weinberg Partners has a 12-month low of $13.82 and a 12-month high of $27.03. The company has a fifty day simple moving average of $17.41 and a 200 day simple moving average of $21.58.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.21 by $0.07. The business 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 in the previous year, the firm earned ($0.10) EPS.

Perella Weinberg Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, May 14th. Perella Weinberg Partners's dividend payout ratio (DPR) is presently -65.12%.

Analysts Set New Price Targets

Several research analysts have issued reports 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 for the company in a report on Tuesday, April 8th. Wall Street Zen downgraded shares of Perella Weinberg Partners from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Keefe, Bruyette & Woods cut their price target on shares of Perella Weinberg Partners from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, May 12th. Finally, The Goldman Sachs Group upped their price objective on shares of Perella Weinberg Partners from $16.00 to $18.00 and gave the company a "sell" rating in a report on Thursday, May 15th.

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.