Perella Weinberg Partners (NASDAQ:PWP) Trading Down 4.5% – Here’s What Happened

Perella Weinberg Partners (NASDAQ:PWP) was down 4.5% during trading on Monday . The stock traded as low as $16.60 and last traded at $16.85. 167,961 shares were traded during trading, a decline of 85% from the average daily volume of 1,131,399 shares. The stock had previously closed at $17.65.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $21.00 price objective (up from $19.00) on shares of Perella Weinberg Partners in a research report on Monday. Citizens Jmp reduced their target price on Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. The Goldman Sachs Group reissued a “sell” rating on shares of Perella Weinberg Partners in a research note on Monday. Finally, Weiss Ratings downgraded Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $22.00.

Perella Weinberg Partners Stock Performance

The company has a 50 day moving average of $16.05 and a 200-day moving average of $18.45. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 65.99 and a beta of 1.64.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.14. The firm had revenue of $156.53 million during the quarter, compared to analysts’ expectations of $144.76 million. Perella Weinberg Partners had a net margin of 3.19% and a negative return on equity of 28.98%.

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, August 28th. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently 116.67%.

Insider Buying and Selling

In other Perella Weinberg Partners news, CFO Alexandra Gottschalk sold 51,671 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $19.74, for a total value of $1,019,985.54. Following the sale, the chief financial officer directly owned 72,492 shares of the company’s stock, valued at approximately $1,430,992.08. This represents a 41.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders have sold 109,477 shares of company stock worth $2,034,533. Insiders own 26.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in Perella Weinberg Partners by 41.6% in the first quarter. Bank of America Corp DE now owns 1,316,482 shares of the company’s stock valued at $23,907,000 after purchasing an additional 386,473 shares during the last quarter. Janus Henderson Group PLC increased its stake in Perella Weinberg Partners by 61.5% in the first quarter. Janus Henderson Group PLC now owns 36,494 shares of the company’s stock valued at $663,000 after purchasing an additional 13,900 shares during the period. California State Teachers Retirement System raised its stake in Perella Weinberg Partners by 39.8% during the 1st quarter. California State Teachers Retirement System now owns 86,364 shares of the company’s stock valued at $1,568,000 after acquiring an additional 24,578 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Perella Weinberg Partners by 35.4% during the first quarter. Quantinno Capital Management LP now owns 32,791 shares of the company’s stock worth $595,000 after purchasing an additional 8,567 shares during the last quarter. Finally, Sei Investments Co. raised its position in Perella Weinberg Partners by 151.2% during the 1st quarter. Sei Investments Co. now owns 610,588 shares of the company’s stock worth $11,088,000 after buying an additional 367,525 shares during the last quarter. Hedge funds and other institutional investors own 41.07% of the company’s stock.

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.