Perella Weinberg Partners (NASDAQ:PWP) Trading Down 8.3% – What’s Next?

Shares of Perella Weinberg Partners (NASDAQ:PWP) fell 8.3% during trading on Monday . The stock traded as low as $15.48 and last traded at $15.1830. 212,974 shares were traded during trading, a decline of 81% from the average daily volume of 1,120,867 shares. The stock had previously closed at $16.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PWP shares. The Goldman Sachs Group set a $16.00 price objective on shares of Perella Weinberg Partners in a research note on Friday, June 12th. Keefe, Bruyette & Woods boosted their price target on shares of Perella Weinberg Partners from $21.00 to $23.50 and gave the stock an “outperform” rating in a research note on Monday, May 4th. 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, Citizens Jmp cut their price target 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 investment 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 MarketBeat, Perella Weinberg Partners presently has a consensus rating of “Hold” and a consensus target price of $22.62.

Perella Weinberg Partners Stock Up 3.5%

The company has a 50-day simple moving average of $17.81 and a two-hundred day simple moving average of $18.80. The stock has a market cap of $1.48 billion, a P/E ratio of 66.50 and a beta of 1.64.

Perella Weinberg Partners (NASDAQ:PWP) last issued its earnings results on Friday, May 1st. The company reported $0.05 earnings per share (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 firm had revenue of $148.92 million during the quarter, compared to the consensus estimate of $158.82 million.

Perella Weinberg Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. Perella Weinberg Partners’s dividend payout ratio (DPR) is 116.67%.

Insider Activity

In other Perella Weinberg Partners news, CFO Alexandra Gottschalk sold 51,671 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $19.74, for a total value of $1,019,985.54. Following the transaction, the chief financial officer owned 72,492 shares in the company, valued at approximately $1,430,992.08. The trade was a 41.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 109,477 shares of company stock valued at $2,034,533 in the last 90 days. 26.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in Perella Weinberg Partners by 41.6% in the 1st quarter. Bank of America Corp DE now owns 1,316,482 shares of the company’s stock worth $23,907,000 after buying an additional 386,473 shares during the period. Janus Henderson Group PLC increased its stake in shares of Perella Weinberg Partners by 61.5% during the first quarter. Janus Henderson Group PLC now owns 36,494 shares of the company’s stock valued at $663,000 after buying an additional 13,900 shares during the period. California State Teachers Retirement System increased its stake in shares of Perella Weinberg Partners by 39.8% during the first quarter. California State Teachers Retirement System now owns 86,364 shares of the company’s stock valued at $1,568,000 after buying an additional 24,578 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Perella Weinberg Partners by 35.4% during the first quarter. Quantinno Capital Management LP now owns 32,791 shares of the company’s stock valued at $595,000 after acquiring an additional 8,567 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Perella Weinberg Partners by 151.2% during the first quarter. Sei Investments Co. now owns 610,588 shares of the company’s stock valued at $11,088,000 after acquiring an additional 367,525 shares in the last quarter. Hedge funds and other institutional investors own 41.07% of the company’s stock.

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.