Wasatch Advisors LP Sells 42,135 Shares of Perella Weinberg Partners $PWP

Wasatch Advisors LP decreased its position in Perella Weinberg Partners (NASDAQ:PWP) by 3.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,120,404 shares of the company’s stock after selling 42,135 shares during the period. Wasatch Advisors LP’s holdings in Perella Weinberg Partners were worth $20,347,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Kennedy Capital Management LLC grew its holdings in Perella Weinberg Partners by 1.2% during the 4th quarter. Kennedy Capital Management LLC now owns 57,646 shares of the company’s stock worth $997,000 after acquiring an additional 660 shares during the period. ProShare Advisors LLC lifted its stake in shares of Perella Weinberg Partners by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 11,366 shares of the company’s stock valued at $197,000 after purchasing an additional 733 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Perella Weinberg Partners by 10.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,138 shares of the company’s stock valued at $175,000 after purchasing an additional 997 shares during the period. Captrust Financial Advisors boosted its position in shares of Perella Weinberg Partners by 13.6% during the 4th quarter. Captrust Financial Advisors now owns 11,114 shares of the company’s stock valued at $192,000 after purchasing an additional 1,330 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Perella Weinberg Partners by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock valued at $566,000 after purchasing an additional 1,342 shares in the last quarter. Institutional investors own 41.07% of the company’s stock.

Insider Activity at Perella Weinberg Partners

In other news, CFO Alexandra Gottschalk sold 14,018 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $17.46, for a total transaction of $244,754.28. Following the completion of the sale, the chief financial officer owned 72,492 shares in the company, valued at $1,265,710.32. The trade was a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 109,477 shares of company stock worth $2,034,533 in the last ninety days. Insiders own 26.10% of the company’s stock.

Perella Weinberg Partners Price Performance

PWP stock opened at $16.56 on Friday. The stock has a market capitalization of $1.54 billion, a PE ratio of 69.00 and a beta of 1.64. The company’s 50-day moving average is $18.04 and its 200-day moving average is $18.83. Perella Weinberg Partners has a 1 year low of $14.54 and a 1 year high of $25.92.

Perella Weinberg Partners (NASDAQ:PWP) last issued its earnings results on Friday, May 1st. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $148.92 million during the quarter, compared to the consensus estimate of $158.82 million.

Perella Weinberg Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. Perella Weinberg Partners’s dividend payout ratio (DPR) is 116.67%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PWP. Citizens Jmp lowered their target price 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. Keefe, Bruyette & Woods increased their price target on Perella Weinberg Partners from $21.00 to $23.50 and gave the stock an “outperform” rating in a report on Monday, May 4th. Weiss Ratings raised shares of Perella Weinberg Partners from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Finally, The Goldman Sachs Group set a $16.00 price objective on shares of Perella Weinberg Partners in a research note on Friday, June 12th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.62.

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.