Alexandra Gottschalk Sells 51,671 Shares of Perella Weinberg Partners (NASDAQ:PWP) Stock

Perella Weinberg Partners (NASDAQ:PWP) CFO Alexandra Gottschalk sold 51,671 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $19.74, for a total value of $1,019,985.54. Following the transaction, the chief financial officer directly owned 72,492 shares in the company, valued at approximately $1,430,992.08. This trade represents a 41.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Perella Weinberg Partners Stock Down 2.4%

Shares of NASDAQ PWP opened at $18.38 on Friday. The business’s 50 day moving average price is $18.94 and its two-hundred day moving average price is $19.28. The company has a market cap of $1.69 billion, a PE ratio of 76.58 and a beta of 1.74. Perella Weinberg Partners has a twelve month low of $15.74 and a twelve month high of $25.92.

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). The business had revenue of $148.92 million for the quarter, compared to analyst estimates of $158.82 million. Perella Weinberg Partners had a negative return on equity of 19.90% and a net margin of 2.82%.

Perella Weinberg Partners Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on PWP. Weiss Ratings cut Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their price objective on Perella Weinberg Partners from $21.00 to $23.50 and gave the stock an “outperform” rating in a report on Monday, May 4th. Wall Street Zen upgraded Perella Weinberg Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Citizens Jmp reduced their price objective 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. Finally, The Goldman Sachs Group boosted their price objective on Perella Weinberg Partners from $17.50 to $19.50 and gave the stock a “sell” rating in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.50.

Institutional Investors Weigh In On Perella Weinberg Partners

Several institutional investors have recently made changes to their positions in PWP. Los Angeles Capital Management LLC bought a new stake in shares of Perella Weinberg Partners in the fourth quarter valued at approximately $45,000. State of Alaska Department of Revenue acquired a new position in shares of Perella Weinberg Partners during the third quarter worth $53,000. Torren Management LLC acquired a new position in shares of Perella Weinberg Partners during the fourth quarter worth $62,000. Kemnay Advisory Services Inc. acquired a new stake in Perella Weinberg Partners in the fourth quarter valued at $86,000. Finally, Tower Research Capital LLC TRC increased its holdings in Perella Weinberg Partners by 460.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock valued at $100,000 after purchasing an additional 4,232 shares during the period. 41.07% of the stock is currently owned by institutional investors.

Perella Weinberg Partners Company Profile

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.