Perella Weinberg Partners (PWP) To Go Ex-Dividend on February 17th

Perella Weinberg Partners (NASDAQ:PWP) announced a quarterly dividend on Friday, February 6th. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.07 per share on Monday, March 9th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, February 17th.

Perella Weinberg Partners has a payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings.

Perella Weinberg Partners Price Performance

Shares of PWP stock opened at $21.48 on Friday. The company has a market cap of $1.91 billion, a PE ratio of 46.70 and a beta of 1.64. Perella Weinberg Partners has a 1 year low of $14.12 and a 1 year high of $25.92. The stock’s 50 day simple moving average is $19.94 and its two-hundred day simple moving average is $20.23.

Perella Weinberg Partners (NASDAQ:PWP) last announced its earnings results on Friday, February 6th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Perella Weinberg Partners had a negative return on equity of 21.97% and a net margin of 4.69%.The firm had revenue of $219.16 million during the quarter, compared to analysts’ expectations of $192.84 million.

Institutional Investors Weigh In On Perella Weinberg Partners

Several large investors have recently added to or reduced their stakes in PWP. Los Angeles Capital Management LLC bought a new position in Perella Weinberg Partners in the 4th quarter worth about $45,000. State of Alaska Department of Revenue purchased a new stake in shares of Perella Weinberg Partners in the third quarter valued at approximately $53,000. Torren Management LLC purchased a new stake in shares of Perella Weinberg Partners in the fourth quarter valued at approximately $62,000. CWM LLC grew its stake in Perella Weinberg Partners by 162.4% in the second quarter. CWM LLC now owns 3,936 shares of the company’s stock worth $76,000 after purchasing an additional 2,436 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new position in Perella Weinberg Partners during the 2nd quarter worth $92,000. 41.07% of the stock is owned by hedge funds and other institutional investors.

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.