PJT Partners Inc. (NYSE:PJT) was downgraded by research analysts at TheStreet from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Shares of PJT Partners (NYSE:PJT) traded up 1.07% during mid-day trading on Wednesday, hitting $30.27. 78,581 shares of the stock traded hands. PJT Partners has a 12-month low of $19.96 and a 12-month high of $30.83. The firm’s market cap is $544.95 million. The firm’s 50 day moving average price is $27.85 and its 200 day moving average price is $25.74.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, December 5th. PJT Partners’s payout ratio is -15.87%.

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In related news, Chairman Paul J. Taubman bought 35,000 shares of the stock in a transaction dated Tuesday, November 15th. The stock was acquired at an average price of $29.73 per share, for a total transaction of $1,040,550.00. Following the acquisition, the chairman now owns 399,211 shares in the company, valued at approximately $11,868,543.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by insiders.

PJT Partners Company Profile

PJT Partners Inc is an advisory-focused investment bank. The Company offers strategic advisory, restructuring and special situations and fund placement, and secondary advisory services to corporations, financial sponsors and governments. Its segment includes activities providing strategic advisory, restructuring and special situations and fund placement and secondary advisory services.

5 Day Chart for NYSE:PJT

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