Schonfeld Strategic Advisors LLC Buys 21,200 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Schonfeld Strategic Advisors LLC increased its stake in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 73.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the company's stock after purchasing an additional 21,200 shares during the period. Schonfeld Strategic Advisors LLC owned 0.06% of Perella Weinberg Partners worth $1,192,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Northern Trust Corp lifted its stake in shares of Perella Weinberg Partners by 3.9% during the fourth quarter. Northern Trust Corp now owns 489,964 shares of the company's stock valued at $11,681,000 after acquiring an additional 18,590 shares during the period. Tudor Investment Corp ET AL boosted its stake in shares of Perella Weinberg Partners by 67.4% in the 4th quarter. Tudor Investment Corp ET AL now owns 204,598 shares of the company's stock valued at $4,878,000 after purchasing an additional 82,364 shares during the last quarter. Aquatic Capital Management LLC grew its position in shares of Perella Weinberg Partners by 3,354.1% during the 4th quarter. Aquatic Capital Management LLC now owns 37,995 shares of the company's stock worth $906,000 after buying an additional 36,895 shares during the period. Boothbay Fund Management LLC raised its stake in shares of Perella Weinberg Partners by 200.0% during the fourth quarter. Boothbay Fund Management LLC now owns 120,000 shares of the company's stock worth $2,861,000 after buying an additional 80,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Perella Weinberg Partners by 18.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,402 shares of the company's stock valued at $487,000 after buying an additional 3,176 shares during the period. 41.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. JMP Securities cut their target price on Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group decreased their target price on 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.

Perella Weinberg Partners Stock Up 0.2 %

PWP opened at $16.76 on Thursday. The stock has a market cap of $1.45 billion, a P/E ratio of -10.61 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 $17.96 and a 200 day simple moving average of $21.96.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.07. Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%. The company had revenue of $211.83 million for the quarter, compared to analyst estimates of $200.29 million. During the same quarter last year, the firm posted ($0.10) earnings per share.

Perella Weinberg Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 14th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.28 annualized dividend and a yield of 1.67%. Perella Weinberg Partners's dividend payout ratio (DPR) is presently -65.12%.

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.

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