PJT Partners Inc (PJT) Position Reduced by Penn Capital Management Co. Inc.
Penn Capital Management Co. Inc. reduced its holdings in shares of PJT Partners Inc (NYSE:PJT) by 17.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 128,046 shares of the financial services provider’s stock after selling 26,783 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in PJT Partners were worth $5,943,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Ropes Wealth Advisors LLC purchased a new stake in PJT Partners in the first quarter worth $42,000. Meeder Asset Management Inc. increased its position in PJT Partners by 195.7% in the fourth quarter. Meeder Asset Management Inc. now owns 1,304 shares of the financial services provider’s stock worth $51,000 after buying an additional 863 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in PJT Partners in the fourth quarter worth $60,000. Quantamental Technologies LLC purchased a new stake in PJT Partners in the fourth quarter worth $70,000. Finally, Parallel Advisors LLC increased its position in PJT Partners by 183,700.0% in the fourth quarter. Parallel Advisors LLC now owns 1,838 shares of the financial services provider’s stock worth $71,000 after buying an additional 1,837 shares during the last quarter. 64.77% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised PJT Partners from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.50.
NYSE:PJT opened at $39.93 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.13 and a quick ratio of 5.13. PJT Partners Inc has a 1 year low of $35.28 and a 1 year high of $61.18. The firm has a market capitalization of $909.17 million, a price-to-earnings ratio of 20.91, a PEG ratio of 0.71 and a beta of 1.13.
PJT Partners (NYSE:PJT) last released its earnings results on Wednesday, May 1st. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). The firm had revenue of $128.06 million during the quarter. PJT Partners had a return on equity of 15.66% and a net margin of 4.01%. On average, equities research analysts predict that PJT Partners Inc will post 2.34 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Tuesday, June 4th. PJT Partners’s dividend payout ratio (DPR) is presently 10.47%.
About PJT Partners
PJT Partners Inc, an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.
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