Ulysses Management LLC Has $11,991,000 Stake in PJT Partners Inc. (PJT)
Ulysses Management LLC maintained its stake in shares of PJT Partners Inc. (NYSE:PJT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 298,148 shares of the financial services provider’s stock at the end of the 2nd quarter. PJT Partners accounts for approximately 1.5% of Ulysses Management LLC’s holdings, making the stock its 12th biggest holding. Ulysses Management LLC owned approximately 1.61% of PJT Partners worth $11,991,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in PJT. Vanguard Group Inc. boosted its holdings in shares of PJT Partners by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 697,533 shares of the financial services provider’s stock valued at $28,055,000 after purchasing an additional 41,741 shares during the last quarter. FMR LLC grew its position in shares of PJT Partners by 41.1% during the second quarter. FMR LLC now owns 514,349 shares of the financial services provider’s stock valued at $20,687,000 after purchasing an additional 149,881 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of PJT Partners by 33.6% during the second quarter. Renaissance Technologies LLC now owns 503,900 shares of the financial services provider’s stock valued at $20,267,000 after purchasing an additional 126,700 shares in the last quarter. Northern Trust Corp grew its position in shares of PJT Partners by 3.7% during the second quarter. Northern Trust Corp now owns 203,529 shares of the financial services provider’s stock valued at $8,186,000 after purchasing an additional 7,237 shares in the last quarter. Finally, Penn Capital Management Co. Inc. purchased a new position in shares of PJT Partners during the second quarter valued at about $7,551,000. Institutional investors and hedge funds own 59.19% of the company’s stock.
In related news, Director Dennis S. Hersch acquired 2,000 shares of the stock in a transaction on Monday, August 14th. The shares were bought at an average price of $38.45 per share, with a total value of $76,900.00. Following the completion of the purchase, the director now owns 18,000 shares of the company’s stock, valued at approximately $692,100. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.30% of the company’s stock.
Several equities research analysts have recently issued reports on the company. BidaskClub cut PJT Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered PJT Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, JMP Securities initiated coverage on PJT Partners in a research note on Monday, September 18th. They set an “outperform” rating and a $45.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.67.
PJT Partners Inc. (NYSE PJT) traded up 0.4872% on Tuesday, hitting $38.9187. 19,746 shares of the company were exchanged. The stock’s market capitalization is $720.89 million. The stock’s 50-day moving average price is $37.62 and its 200-day moving average price is $38.31. PJT Partners Inc. has a 52-week low of $25.53 and a 52-week high of $45.38.
PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.07). The company had revenue of $109.31 million during the quarter. PJT Partners had a negative net margin of 0.27% and a negative return on equity of 115.47%. On average, equities research analysts anticipate that PJT Partners Inc. will post $1.62 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, September 7th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. PJT Partners’s payout ratio is -200.00%.
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About PJT Partners
PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.
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