Perella Weinberg Partners (NASDAQ:PWP) CFO Alexandra Gottschalk Sells 51,671 Shares

Key Points

• CFO Alexandra Gottschalk sold 51,671 shares on May 5 at an average price of $19.74 for roughly $1.02 million, cutting her stake by 41.62% to 72,492 shares.
• Perella Weinberg reported an earnings miss, with Q1 EPS of $0.05 versus $0.16 expected and revenue of $148.92M versus $158.82M, while the stock trades near $18.83 and the company has a ~$1.73 billion market cap.
• The firm declared a quarterly dividend of $0.07 ($0.28 annualized) for a ~1.5% yield, but the payout ratio is a high 116.67%, suggesting the dividend may exceed current earnings.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) CFO Alexandra Gottschalk sold 51,671 shares of Perella Weinberg Partners stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $19.74, for a total value of $1,019,985.54. Following the completion of the sale, the chief financial officer owned 72,492 shares in the company, valued at $1,430,992.08. This represents a 41.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Perella Weinberg Partners Price Performance

Shares of PWP stock traded down $0.51 on Thursday, hitting $18.83. The stock had a trading volume of 1,410,975 shares, compared to its average volume of 1,000,541. The firm has a market capitalization of $1.73 billion, a P/E ratio of 78.46 and a beta of 1.74. Perella Weinberg Partners has a 1 year low of $15.74 and a 1 year high of $25.92. The company's 50 day moving average price is $18.95 and its 200-day moving average price is $19.28.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11). The firm had revenue of $148.92 million during the quarter, compared to analysts' expectations of $158.82 million. Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%.

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, June 1st. Perella Weinberg Partners's payout ratio is currently 116.67%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PWP. Weiss Ratings cut Perella Weinberg Partners from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday. Keefe, Bruyette & Woods boosted their target price on Perella Weinberg Partners from $21.00 to $23.50 and gave the stock an "outperform" rating in a research note on Monday. The Goldman Sachs Group boosted their target price on Perella Weinberg Partners from $17.50 to $19.50 and gave the stock a "sell" rating in a research note on Tuesday, April 14th. Citizens Jmp lowered their target price on Perella Weinberg Partners from $32.00 to $30.00 and set a "market outperform" rating for the company in a research note on Friday, April 10th. Finally, Wall Street Zen raised Perella Weinberg Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $23.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new position in shares of Perella Weinberg Partners during the 4th quarter worth about $45,000. State of Alaska Department of Revenue acquired a new position in shares of Perella Weinberg Partners during the 3rd quarter worth about $53,000. Torren Management LLC acquired a new position in shares of Perella Weinberg Partners during the 4th quarter worth about $62,000. Kemnay Advisory Services Inc. acquired a new position in shares of Perella Weinberg Partners during the 4th quarter worth about $86,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Perella Weinberg Partners by 460.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company's stock worth $100,000 after acquiring an additional 4,232 shares in the last quarter. 41.07% of the stock is owned by institutional investors and hedge funds.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm's core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.

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