Kennedy Capital Management LLC Grows Stock Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Kennedy Capital Management LLC increased its position in Perella Weinberg Partners (NASDAQ:PWP) by 8.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,170 shares of the company’s stock after buying an additional 1,707 shares during the period. Kennedy Capital Management LLC’s holdings in Perella Weinberg Partners were worth $505,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PWP. Quadrant Capital Group LLC boosted its stake in Perella Weinberg Partners by 43.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company’s stock valued at $37,000 after buying an additional 470 shares during the last quarter. US Bancorp DE grew its stake in shares of Perella Weinberg Partners by 4.4% in the 4th quarter. US Bancorp DE now owns 17,602 shares of the company’s stock worth $420,000 after buying an additional 746 shares in the last quarter. Rhumbline Advisers raised its position in shares of Perella Weinberg Partners by 1.2% during the 4th quarter. Rhumbline Advisers now owns 70,861 shares of the company’s stock valued at $1,689,000 after buying an additional 854 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Perella Weinberg Partners by 0.9% in the 4th quarter. Swiss National Bank now owns 100,000 shares of the company’s stock valued at $2,384,000 after acquiring an additional 900 shares during the last quarter. Finally, Barclays PLC grew its position in Perella Weinberg Partners by 0.8% in the third quarter. Barclays PLC now owns 186,387 shares of the company’s stock worth $3,600,000 after acquiring an additional 1,517 shares in the last quarter. 41.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PWP. Keefe, Bruyette & Woods upped their price objective on Perella Weinberg Partners from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group reduced their price objective on shares of Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Wednesday, April 2nd. Finally, JMP Securities dropped their target price on Perella Weinberg Partners from $33.00 to $29.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th.

Perella Weinberg Partners Trading Up 0.3 %

Shares of NASDAQ PWP opened at $16.03 on Wednesday. The stock has a market capitalization of $1.39 billion, a PE ratio of -10.15 and a beta of 1.68. Perella Weinberg Partners has a 12-month low of $11.68 and a 12-month high of $27.03. The stock’s fifty day simple moving average is $20.13 and its two-hundred day simple moving average is $22.42.

Perella Weinberg Partners (NASDAQ:PWP) last posted its earnings results on Friday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.75%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -17.72%.

Perella Weinberg Partners Profile

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.