Short Interest in PJT Partners Inc. (NYSE:PJT) Rises By 20.5%

PJT Partners Inc. (NYSE:PJT - Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 2,350,000 shares, a growth of 20.5% from the March 31st total of 1,950,000 shares. Based on an average daily volume of 318,100 shares, the short-interest ratio is currently 7.4 days. Approximately 10.9% of the shares of the stock are short sold.

Insider Buying and Selling

In other news, General Counsel David Adam Travin sold 5,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $141.74, for a total transaction of $708,700.00. Following the completion of the transaction, the general counsel now owns 2,288 shares of the company's stock, valued at approximately $324,301.12. The trade was a 68.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PJT Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of PJT. Principal Securities Inc. increased its holdings in PJT Partners by 385.4% in the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock worth $31,000 after buying an additional 158 shares during the period. Versant Capital Management Inc purchased a new stake in PJT Partners during the 1st quarter worth approximately $30,000. CIBC Private Wealth Group LLC raised its stake in PJT Partners by 112.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 146 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of PJT Partners in the first quarter worth about $39,000. Finally, GAMMA Investing LLC lifted its stake in PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock worth $70,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 89.23% of the company's stock.

PJT Partners Trading Up 2.4 %

Shares of NYSE:PJT traded up $3.37 during mid-day trading on Friday, reaching $143.22. The stock had a trading volume of 429,221 shares, compared to its average volume of 243,369. The company has a market cap of $3.34 billion, a P/E ratio of 29.23 and a beta of 0.77. PJT Partners has a 1 year low of $96.96 and a 1 year high of $190.28. The business's 50 day moving average price is $139.19 and its 200 day moving average price is $152.45.

PJT Partners (NYSE:PJT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.11. The business had revenue of $324.50 million for the quarter, compared to the consensus estimate of $361.26 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Analysts predict that PJT Partners will post 6.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, June 4th. PJT Partners's payout ratio is 20.41%.

Analyst Ratings Changes

A number of analysts have recently weighed in on PJT shares. Keefe, Bruyette & Woods increased their price objective on PJT Partners from $152.00 to $177.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Citizens Jmp lowered PJT Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th. Finally, JMP Securities lowered shares of PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $158.50.

About PJT Partners

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.

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