Aquatic Capital Management LLC Buys 36,895 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Aquatic Capital Management LLC grew its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 3,354.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,995 shares of the company's stock after purchasing an additional 36,895 shares during the quarter. Aquatic Capital Management LLC's holdings in Perella Weinberg Partners were worth $906,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of PWP. Quadrant Capital Group LLC grew its stake 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 buying an additional 470 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Perella Weinberg Partners during the 4th quarter worth about $64,000. Meeder Asset Management Inc. bought a new stake in Perella Weinberg Partners during the 4th quarter valued at approximately $179,000. KLP Kapitalforvaltning AS acquired a new stake in Perella Weinberg Partners in the 4th quarter valued at approximately $248,000. Finally, Aigen Investment Management LP acquired a new position in shares of Perella Weinberg Partners during the fourth quarter worth approximately $311,000. Institutional investors and hedge funds own 41.07% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PWP shares. The Goldman Sachs Group dropped their price objective on shares of Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating on the stock in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their target price on Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. 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 research report on Tuesday, April 8th.

Perella Weinberg Partners Price Performance

Shares of PWP traded down $0.18 on Tuesday, hitting $16.77. The company's stock had a trading volume of 156,966 shares, compared to its average volume of 606,198. The company has a 50 day moving average price of $18.19 and a 200 day moving average price of $22.04. Perella Weinberg Partners has a fifty-two week low of $13.82 and a fifty-two week high of $27.03. The company has a market capitalization of $1.46 billion, a PE ratio of -10.61 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. The company had revenue of $211.83 million for the quarter, compared to analyst estimates of $200.29 million. Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%. During the same period in the prior year, the business earned ($0.10) earnings per share.

Perella Weinberg Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.28 annualized dividend and a yield of 1.67%. Perella Weinberg Partners's dividend payout ratio is currently -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.