Perella Weinberg Partners (NASDAQ:PWP) Stock Price Down 6.9% – Should You Sell?

Perella Weinberg Partners (NASDAQ:PWP)’s stock price traded down 6.9% during mid-day trading on Monday . The company traded as low as $15.97 and last traded at $16.02. 222,314 shares changed hands during trading, a decline of 78% from the average session volume of 1,023,789 shares. The stock had previously closed at $17.20.

Analyst Ratings Changes

PWP has been the subject of a number of recent analyst reports. Wall Street Zen raised Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Thursday, January 22nd. Wolfe Research set a $21.00 price objective on shares of Perella Weinberg Partners in a report on Wednesday, January 7th. Keefe, Bruyette & Woods increased their price objective on shares of Perella Weinberg Partners from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Monday, February 9th. Finally, The Goldman Sachs Group raised their target price on shares of Perella Weinberg Partners from $19.00 to $21.50 and gave the stock a “sell” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned 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 $23.63.

Perella Weinberg Partners Stock Performance

The company’s 50-day moving average price is $20.43 and its 200 day moving average price is $19.98. The stock has a market cap of $1.44 billion, a PE ratio of 35.29 and a beta of 1.69.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Perella Weinberg Partners had a negative return on equity of 25.81% and a net margin of 4.69%.The firm had revenue of $219.16 million for the quarter, compared to the consensus estimate of $192.84 million.

Perella Weinberg Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, February 17th. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently 60.87%.

Hedge Funds Weigh In On Perella Weinberg Partners

Several institutional investors have recently bought and sold shares of PWP. Los Angeles Capital Management LLC purchased a new position in shares of Perella Weinberg Partners in the 4th quarter worth $45,000. State of Alaska Department of Revenue bought a new stake in Perella Weinberg Partners during the third quarter worth approximately $53,000. Torren Management LLC purchased a new stake in Perella Weinberg Partners during the fourth quarter valued at approximately $62,000. Kemnay Advisory Services Inc. bought a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at approximately $86,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Perella Weinberg Partners by 460.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after purchasing an additional 4,232 shares during the period. Institutional investors own 41.07% of the company’s stock.

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.