Alexandra Gottschalk Sells 14,018 Shares of Perella Weinberg Partners (NASDAQ:PWP) Stock

Perella Weinberg Partners (NASDAQ:PWP) CFO Alexandra Gottschalk sold 14,018 shares of Perella Weinberg Partners stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $17.46, for a total transaction of $244,754.28. Following the sale, the chief financial officer directly owned 72,492 shares of the company’s stock, valued at $1,265,710.32. This represents a 16.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Alexandra Gottschalk also recently made the following trade(s):

• On Tuesday, May 19th, Alexandra Gottschalk sold 43,788 shares of Perella Weinberg Partners stock. The stock was sold at an average price of $17.58, for a total transaction of $769,793.04.
• On Tuesday, May 5th, Alexandra Gottschalk sold 51,671 shares of Perella Weinberg Partners stock. The stock was sold at an average price of $19.74, for a total transaction of $1,019,985.54.

Perella Weinberg Partners Stock Performance

PWP opened at $18.37 on Friday. The company has a fifty day moving average price of $18.90 and a two-hundred day moving average price of $19.17. Perella Weinberg Partners has a 52 week low of $15.74 and a 52 week high of $25.92. The firm has a market capitalization of $1.71 billion, a PE ratio of 76.54 and a beta of 1.74.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). Perella Weinberg Partners had a negative return on equity of 19.90% and a net margin of 2.82%.The firm had revenue of $148.92 million for the quarter, compared to the consensus estimate of $158.82 million.

Perella Weinberg Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, June 1st. This represents a $0.28 annualized dividend and a yield of 1.5%. Perella Weinberg Partners’s payout ratio is currently 116.67%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PWP. Weiss Ratings lowered Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods lifted their target price on Perella Weinberg Partners from $21.00 to $23.50 and gave the stock an “outperform” rating in a report on Monday, May 4th. Citizens Jmp reduced their target price on Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating on the stock in a report on Friday, April 10th. The Goldman Sachs Group lifted their target price on Perella Weinberg Partners from $17.50 to $19.50 and gave the stock a “sell” rating in a report on Tuesday, April 14th. Finally, Wall Street Zen upgraded Perella Weinberg Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $23.50.

Hedge Funds Weigh In On Perella Weinberg Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PWP. Los Angeles Capital Management LLC acquired a new position in Perella Weinberg Partners in the 4th quarter worth $45,000. State of Alaska Department of Revenue acquired a new position in Perella Weinberg Partners in the 3rd quarter worth $53,000. Torren Management LLC acquired a new position in Perella Weinberg Partners in the 4th quarter worth $62,000. Kemnay Advisory Services Inc. acquired a new position in Perella Weinberg Partners in the 4th quarter worth $86,000. Finally, Tower Research Capital LLC TRC boosted its stake 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 purchasing an additional 4,232 shares during the period. 41.07% of the stock is owned by institutional investors and hedge funds.

About Perella Weinberg Partners

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.