Aquatic Capital Management LLC Has $906,000 Stock Position in Perella Weinberg Partners (NASDAQ:PWP)

Aquatic Capital Management LLC boosted its stake in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 3,354.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,995 shares of the company's stock after acquiring 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 SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in Perella Weinberg Partners in the fourth quarter valued at about $18,493,000. Channing Capital Management LLC bought a new position in Perella Weinberg Partners during the 4th quarter worth approximately $16,207,000. Franklin Resources Inc. bought a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at $13,586,000. Walleye Capital LLC bought a new position in Perella Weinberg Partners during the fourth quarter worth about $10,307,000. Finally, Cannell & Spears LLC bought a new stake in shares of Perella Weinberg Partners in the fourth quarter worth about $8,881,000. Institutional investors and hedge funds own 41.07% of the company's stock.

Perella Weinberg Partners Stock Performance

NASDAQ PWP traded up $0.34 during trading hours on Friday, hitting $17.59. 2,240,919 shares of the company traded hands, compared to its average volume of 602,751. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -11.13 and a beta of 1.68. Perella Weinberg Partners has a twelve month low of $13.82 and a twelve month high of $27.03. The business's 50-day moving average is $18.31 and its 200-day moving average is $22.07.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.07. The firm had revenue of $211.83 million during the quarter, compared to analysts' expectations 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 quarter last year, the company posted ($0.10) earnings per share.

Perella Weinberg Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $0.07 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 annualized dividend and a yield of 1.59%. Perella Weinberg Partners's dividend payout ratio is -17.72%.

Analyst Upgrades and Downgrades

PWP has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating for the company in a research report on Wednesday, April 2nd. JMP Securities reduced their price objective on Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lifted their target price on Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, February 10th.

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.