Emerald Mutual Fund Advisers Trust Acquires 80,490 Shares of Perella Weinberg Partners $PWP

Emerald Mutual Fund Advisers Trust boosted its stake in Perella Weinberg Partners (NASDAQ:PWP) by 14.9% in the first quarter, HoldingsChannel.com reports. The firm owned 621,774 shares of the company’s stock after buying an additional 80,490 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Perella Weinberg Partners were worth $11,291,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. William Blair Investment Management LLC grew its position in shares of Perella Weinberg Partners by 10.6% in the 4th quarter. William Blair Investment Management LLC now owns 3,946,163 shares of the company’s stock valued at $68,269,000 after buying an additional 379,652 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Perella Weinberg Partners by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 3,722,756 shares of the company’s stock worth $64,404,000 after acquiring an additional 241,363 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in shares of Perella Weinberg Partners by 73.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock worth $60,911,000 after acquiring an additional 1,328,312 shares during the period. Nuveen LLC boosted its holdings in Perella Weinberg Partners by 29.2% in the fourth quarter. Nuveen LLC now owns 2,861,405 shares of the company’s stock valued at $49,502,000 after acquiring an additional 646,143 shares during the last quarter. Finally, State Street Corp increased its position in Perella Weinberg Partners by 2.2% during the 4th quarter. State Street Corp now owns 1,798,302 shares of the company’s stock valued at $31,111,000 after purchasing an additional 39,544 shares during the period. 41.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PWP shares. The Goldman Sachs Group set a $16.00 price target on shares of Perella Weinberg Partners in a research report on Friday, June 12th. Citizens Jmp decreased 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 report on Friday, April 10th. Weiss Ratings raised shares of Perella Weinberg Partners from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Perella Weinberg Partners from $23.50 to $19.00 and set an “outperform” rating on the stock in a report on Friday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.50.

Perella Weinberg Partners Stock Performance

Shares of PWP opened at $14.91 on Tuesday. The firm has a market cap of $1.39 billion, a PE ratio of 62.12 and a beta of 1.65. Perella Weinberg Partners has a 52-week low of $14.54 and a 52-week high of $25.92. The business’s 50 day moving average price is $16.78 and its two-hundred day moving average price is $18.68.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). The company 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 Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, June 1st. Perella Weinberg Partners’s payout ratio is 116.67%.

Insider Buying and Selling at Perella Weinberg Partners

In other news, CFO Alexandra Gottschalk sold 51,671 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $19.74, for a total transaction of $1,019,985.54. Following the transaction, the chief financial officer owned 72,492 shares of the company’s stock, valued at $1,430,992.08. This represents a 41.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 109,477 shares of company stock worth $2,034,533 in the last quarter. 26.10% of the stock is currently owned by corporate insiders.

Perella Weinberg Partners 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.