Perella Weinberg Partners (NASDAQ:PWP) Shares Down 7.6% – Time to Sell?

Perella Weinberg Partners (NASDAQ:PWP)’s share price was down 7.6% on Wednesday . The stock traded as low as $15.08 and last traded at $15.0770. 192,154 shares traded hands during trading, a decline of 83% from the average daily volume of 1,120,801 shares. The stock had previously closed at $16.31.

Analysts Set New Price Targets

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

Perella Weinberg Partners Stock Down 7.9%

The firm has a market capitalization of $1.40 billion, a P/E ratio of 62.58 and a beta of 1.65. The firm has a 50 day moving average of $17.33 and a 200-day moving average of $18.75.

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). The firm had revenue of $148.92 million during the quarter, compared to the consensus estimate of $158.82 million. Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%.

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.07 per share. The ex-dividend date was Monday, June 1st. This represents a $0.28 dividend on an annualized basis and a yield of 1.9%. Perella Weinberg Partners’s payout ratio is currently 116.67%.

Insider Activity at Perella Weinberg Partners

In related news, CFO Alexandra Gottschalk sold 14,018 shares of Perella Weinberg Partners stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $17.46, for a total transaction of $244,754.28. Following the sale, the chief financial officer directly owned 72,492 shares in the company, valued at $1,265,710.32. This trade represents a 16.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 109,477 shares of company stock worth $2,034,533 over the last quarter. Company insiders own 26.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. William Blair Investment Management LLC raised its stake in Perella Weinberg Partners by 10.6% during the fourth quarter. William Blair Investment Management LLC now owns 3,946,163 shares of the company’s stock worth $68,269,000 after buying an additional 379,652 shares during the last quarter. Vanguard Group Inc. increased its holdings in Perella Weinberg Partners by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 3,722,756 shares of the company’s stock worth $64,404,000 after purchasing an additional 241,363 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of Perella Weinberg Partners by 73.5% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock valued at $60,911,000 after acquiring an additional 1,328,312 shares in the last quarter. Nuveen LLC increased its position in Perella Weinberg Partners by 29.2% in the 4th quarter. Nuveen LLC now owns 2,861,405 shares of the company’s stock valued at $49,502,000 after buying an additional 646,143 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Perella Weinberg Partners by 2.2% during the fourth quarter. State Street Corp now owns 1,798,302 shares of the company’s stock valued at $31,111,000 after acquiring an additional 39,544 shares in the last quarter. Institutional investors own 41.07% of the company’s stock.

About Perella Weinberg Partners

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.