Perella Weinberg Partners (NASDAQ:PWP) CFO Alexandra Gottschalk Sells 14,018 Shares

Perella Weinberg Partners (NASDAQ:PWP) CFO Alexandra Gottschalk sold 14,018 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $17.46, for a total value 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. This represents a 16.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Alexandra Gottschalk also recently made the following trade(s):

• On Tuesday, May 19th, Alexandra Gottschalk sold 43,788 shares of Perella Weinberg Partners stock. The shares were sold at an average price of $17.58, for a total value of $769,793.04.
• On Tuesday, May 5th, Alexandra Gottschalk sold 51,671 shares of Perella Weinberg Partners stock. The shares were sold at an average price of $19.74, for a total value of $1,019,985.54.

Perella Weinberg Partners Price Performance

Shares of PWP stock traded up $0.28 on Wednesday, hitting $17.71. The stock had a trading volume of 821,914 shares, compared to its average volume of 1,269,774. The firm has a market capitalization of $1.65 billion, a P/E ratio of 73.79 and a beta of 1.74. Perella Weinberg Partners has a 1 year low of $15.74 and a 1 year high of $25.92. The company’s 50 day moving average price is $18.87 and its 200-day moving average price is $19.18.

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

Perella Weinberg Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, June 1st. Perella Weinberg Partners’s payout ratio is presently 116.67%.

Analyst Upgrades and Downgrades

PWP has been the subject of several analyst reports. Wall Street Zen raised Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings cut Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. 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 research note on Friday, April 10th. The Goldman Sachs Group boosted their target price on Perella Weinberg Partners from $17.50 to $19.50 and gave the stock a “sell” rating in a research note on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods boosted their target price on Perella Weinberg Partners from $21.00 to $23.50 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Perella Weinberg Partners presently has an average rating of “Hold” and a consensus price target of $23.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new position in shares of Perella Weinberg Partners during the 4th quarter worth about $45,000. State of Alaska Department of Revenue acquired a new position in shares of Perella Weinberg Partners during the 3rd quarter worth about $53,000. Torren Management LLC acquired a new position in shares of Perella Weinberg Partners during the 4th quarter worth about $62,000. Kemnay Advisory Services Inc. acquired a new position in shares of Perella Weinberg Partners during the 4th quarter worth about $86,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Perella Weinberg Partners by 460.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after acquiring an additional 4,232 shares in the last quarter. 41.07% of the stock is owned by institutional investors and hedge funds.

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.