Lighthouse Investment Partners LLC Makes New Investment in Perella Weinberg Partners $PWP

Lighthouse Investment Partners LLC purchased a new stake in shares of Perella Weinberg Partners (NASDAQ:PWP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 208,034 shares of the company’s stock, valued at approximately $4,435,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in shares of Perella Weinberg Partners in the third quarter worth $53,000. Tower Research Capital LLC TRC boosted its holdings in Perella Weinberg Partners by 460.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after buying an additional 4,232 shares during the period. New York State Teachers Retirement System boosted its holdings in Perella Weinberg Partners by 16.6% in the 3rd quarter. New York State Teachers Retirement System now owns 5,510 shares of the company’s stock worth $117,000 after buying an additional 786 shares during the period. Ameritas Investment Partners Inc. increased its stake in Perella Weinberg Partners by 20.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,225 shares of the company’s stock worth $121,000 after buying an additional 1,075 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Perella Weinberg Partners by 11.6% in the 2nd quarter. ProShare Advisors LLC now owns 12,502 shares of the company’s stock worth $243,000 after buying an additional 1,303 shares in the last quarter. 41.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PWP has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price objective on Perella Weinberg Partners from $21.50 to $18.50 and set a “sell” rating on the stock in a research report on Thursday, March 12th. Keefe, Bruyette & Woods lifted their target price on Perella Weinberg Partners from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Thursday, January 22nd. Wolfe Research set a $21.00 price target on Perella Weinberg Partners in a research note on Wednesday, January 7th. Finally, Wall Street Zen raised shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.88.

Perella Weinberg Partners Stock Up 4.5%

PWP opened at $16.81 on Tuesday. The company has a market capitalization of $1.49 billion, a PE ratio of 36.54 and a beta of 1.69. The firm has a 50-day simple moving average of $20.31 and a two-hundred day simple moving average of $19.74. Perella Weinberg Partners has a 52 week low of $14.12 and a 52 week high of $25.92.

Perella Weinberg Partners (NASDAQ:PWP) last posted its earnings results on Friday, February 6th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Perella Weinberg Partners had a negative return on equity of 25.81% and a net margin of 4.69%.The company had revenue of $219.16 million for the quarter, compared to the consensus estimate of $192.84 million.

Perella Weinberg Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, February 17th. Perella Weinberg Partners’s dividend payout ratio is 60.87%.

Perella Weinberg Partners Profile

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.