Perella Weinberg Partners (NASDAQ:PWP) Reaches New 52-Week Low – Should You Sell?

Perella Weinberg Partners (NASDAQ:PWP)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $15.04 and last traded at $15.1860, with a volume of 480521 shares changing hands. The stock had previously closed at $15.52.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PWP. The Goldman Sachs Group lifted their target price on shares of Perella Weinberg Partners from $17.50 to $19.50 and gave the company a “sell” rating in a research note on Tuesday, April 14th. Weiss Ratings lowered shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Citizens Jmp reduced their price objective on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a research note on Friday, April 10th. Wall Street Zen raised shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Perella Weinberg Partners presently has an average rating of “Hold” and a consensus price target of $23.50.

Perella Weinberg Partners Stock Performance

The firm’s 50 day moving average is $18.99 and its 200-day moving average is $19.07. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 64.28 and a beta of 1.64.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings data on Friday, May 1st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11). Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%. The business had revenue of $148.92 million during the quarter, compared to analyst estimates of $158.82 million.

Perella Weinberg Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Perella Weinberg Partners’s payout ratio is presently 116.67%.

Insider Buying and Selling

In related news, CFO Alexandra Gottschalk sold 51,671 shares of Perella Weinberg Partners stock in a transaction 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 transaction, the chief financial officer owned 72,492 shares in the company, valued at $1,430,992.08. This trade represents a 41.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 109,477 shares of company stock valued at $2,034,533. Company insiders own 26.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PWP. Arizona State Retirement System boosted its position in Perella Weinberg Partners by 3.4% in the third quarter. Arizona State Retirement System now owns 17,814 shares of the company’s stock valued at $380,000 after buying an additional 583 shares in the last quarter. Kennedy Capital Management LLC boosted its position in Perella Weinberg Partners by 1.2% in the fourth quarter. Kennedy Capital Management LLC now owns 57,646 shares of the company’s stock valued at $997,000 after buying an additional 660 shares in the last quarter. ProShare Advisors LLC boosted its position in Perella Weinberg Partners by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 11,366 shares of the company’s stock valued at $197,000 after buying an additional 733 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Perella Weinberg Partners by 10.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,138 shares of the company’s stock valued at $175,000 after buying an additional 997 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in Perella Weinberg Partners by 13.6% in the fourth quarter. Captrust Financial Advisors now owns 11,114 shares of the company’s stock valued at $192,000 after buying an additional 1,330 shares in the last quarter. 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.