Hotchkis & Wiley Capital Management LLC Trims Stock Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Hotchkis & Wiley Capital Management LLC lessened its stake in shares of Perella Weinberg Partners (NASDAQ:PWP) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,032,470 shares of the company’s stock after selling 23,410 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 2.36% of Perella Weinberg Partners worth $24,857,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PWP. Allworth Financial LP acquired a new stake in Perella Weinberg Partners in the 4th quarter valued at approximately $44,000. Quantbot Technologies LP purchased a new position in shares of Perella Weinberg Partners in the third quarter valued at approximately $62,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Perella Weinberg Partners by 21.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,681 shares of the company’s stock worth $131,000 after buying an additional 1,855 shares during the period. SG Americas Securities LLC purchased a new stake in Perella Weinberg Partners during the 4th quarter worth approximately $137,000. Finally, Principal Financial Group Inc. lifted its holdings in Perella Weinberg Partners by 31.9% during the 3rd quarter. Principal Financial Group Inc. now owns 19,034 shares of the company’s stock worth $194,000 after buying an additional 4,607 shares in the last quarter. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Perella Weinberg Partners Stock Performance

Shares of NASDAQ:PWP traded down $0.15 during trading hours on Tuesday, reaching $14.27. The stock had a trading volume of 39,096 shares, compared to its average volume of 373,409. The firm’s 50 day moving average is $15.25 and its 200-day moving average is $13.43. Perella Weinberg Partners has a 1 year low of $7.93 and a 1 year high of $16.52. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -7.75 and a beta of 1.51.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, May 3rd. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $102.13 million during the quarter. Perella Weinberg Partners had a negative net margin of 7.74% and a positive return on equity of 17.87%.

Perella Weinberg Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.28 annualized dividend and a dividend yield of 1.96%. Perella Weinberg Partners’s payout ratio is currently -15.05%.

Analysts Set New Price Targets

Separately, JMP Securities lifted their target price on Perella Weinberg Partners from $18.00 to $22.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th.

About Perella Weinberg Partners

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.