Fishman Jay A Ltd. MI Purchases 7,990 Shares of PJT Partners Inc. (PJT)
Fishman Jay A Ltd. MI boosted its position in shares of PJT Partners Inc. (NYSE:PJT) by 41.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,099 shares of the financial services provider’s stock after buying an additional 7,990 shares during the period. Fishman Jay A Ltd. MI’s holdings in PJT Partners were worth $1,090,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in PJT. IFP Advisors Inc raised its stake in shares of PJT Partners by 15.7% in the second quarter. IFP Advisors Inc now owns 2,688 shares of the financial services provider’s stock worth $108,000 after buying an additional 365 shares during the last quarter. Strs Ohio raised its stake in shares of PJT Partners by 6.5% in the second quarter. Strs Ohio now owns 6,600 shares of the financial services provider’s stock worth $265,000 after buying an additional 400 shares during the last quarter. Hartwell J M Limited Partnership purchased a new stake in shares of PJT Partners during the second quarter worth approximately $381,000. First Trust Advisors LP raised its stake in shares of PJT Partners by 0.8% in the second quarter. First Trust Advisors LP now owns 13,595 shares of the financial services provider’s stock worth $547,000 after buying an additional 111 shares during the last quarter. Finally, Malaga Cove Capital LLC purchased a new stake in shares of PJT Partners during the second quarter worth approximately $736,000. 57.97% of the stock is currently owned by hedge funds and other institutional investors.
PJT Partners Inc. (NYSE:PJT) opened at 38.41 on Tuesday. The company’s market capitalization is $711.47 million. PJT Partners Inc. has a 12 month low of $23.98 and a 12 month high of $45.38. The stock’s 50 day moving average price is $41.73 and its 200-day moving average price is $37.90.
PJT Partners (NYSE:PJT) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.07. The company had revenue of $109.31 million for the quarter. PJT Partners had a negative net margin of 0.27% and a negative return on equity of 115.47%. On average, equities research analysts predict that PJT Partners Inc. will post $1.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.52%. The ex-dividend date is Wednesday, September 6th. PJT Partners’s dividend payout ratio is presently -200.00%.
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A number of analysts have recently commented on the company. BidaskClub lowered PJT Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised PJT Partners from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Wednesday, April 19th. Finally, Bank of America Corporation raised PJT Partners from a “neutral” rating to a “buy” rating and lifted their price target for the company from $39.00 to $45.00 in a research note on Thursday, May 11th.
About PJT Partners
PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.
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