Perella Weinberg Partners (NASDAQ:PWP) Shares Gap Down to $15.04

Perella Weinberg Partners (NASDAQ:PWP)’s share price gapped down before the market opened on Friday . The stock had previously closed at $15.04, but opened at $12.75. Perella Weinberg Partners shares last traded at $13.71, with a volume of 550,975 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $16.00 target price on shares of Perella Weinberg Partners in a report on Monday, January 29th. JMP Securities increased their target price on shares of Perella Weinberg Partners from $18.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $11.50 price target (down previously from $14.00) on shares of Perella Weinberg Partners in a report on Tuesday, January 9th.

Perella Weinberg Partners Trading Down 2.1 %

The company has a 50-day moving average price of $14.37 and a 200 day moving average price of $12.46. The stock has a market capitalization of $1.27 billion, a P/E ratio of -11.39 and a beta of 1.52.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.08 EPS for the quarter. Perella Weinberg Partners had a negative net margin of 2.66% and a positive return on equity of 34.39%. The business had revenue of $212.68 million during the quarter.

Perella Weinberg Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 28th were paid a $0.07 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.28 annualized dividend and a yield of 1.90%. Perella Weinberg Partners’s dividend payout ratio (DPR) is -21.21%.

Institutional Trading of Perella Weinberg Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Simplicity Solutions LLC increased its holdings in shares of Perella Weinberg Partners by 38.4% during the third quarter. Simplicity Solutions LLC now owns 16,136 shares of the company’s stock valued at $164,000 after acquiring an additional 4,474 shares in the last quarter. Bank of New York Mellon Corp grew its position in Perella Weinberg Partners by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 172,235 shares of the company’s stock worth $1,753,000 after purchasing an additional 3,002 shares during the last quarter. Principal Financial Group Inc. increased its stake in Perella Weinberg Partners by 31.9% during the 3rd quarter. Principal Financial Group Inc. now owns 19,034 shares of the company’s stock valued at $194,000 after purchasing an additional 4,607 shares in the last quarter. Barclays PLC raised its holdings in shares of Perella Weinberg Partners by 17.6% in the third quarter. Barclays PLC now owns 61,411 shares of the company’s stock worth $625,000 after buying an additional 9,185 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Perella Weinberg Partners in the third quarter worth $62,000. Hedge funds and other institutional investors own 41.07% of the company’s stock.

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.