13,928 Shares in PJT Partners Inc. $PJT Acquired by Gator Capital Management LLC

Gator Capital Management LLC purchased a new stake in shares of PJT Partners Inc. (NYSE:PJT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,928 shares of the financial services provider’s stock, valued at approximately $2,329,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new position in PJT Partners during the third quarter valued at approximately $33,000. Allworth Financial LP grew its position in PJT Partners by 85.8% during the fourth quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 133 shares during the last quarter. State of Wyoming bought a new position in PJT Partners during the second quarter valued at approximately $63,000. Exchange Traded Concepts LLC bought a new position in PJT Partners during the fourth quarter valued at approximately $86,000. Finally, Quadrant Capital Group LLC bought a new position in PJT Partners during the third quarter valued at approximately $90,000. 89.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PJT Partners

In other news, CFO Helen T. Meates sold 8,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $153.19, for a total transaction of $1,225,520.00. Following the completion of the transaction, the chief financial officer directly owned 58,466 shares in the company, valued at $8,956,406.54. This trade represents a 12.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel David Adam Travin sold 3,000 shares of PJT Partners stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $152.43, for a total value of $457,290.00. Following the completion of the sale, the general counsel owned 2,052 shares of the company’s stock, valued at $312,786.36. The trade was a 59.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 10.98% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on PJT. Wall Street Zen cut shares of PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Keefe, Bruyette & Woods raised their target price on shares of PJT Partners from $166.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of PJT Partners in a report on Friday, May 29th. UBS Group raised their target price on shares of PJT Partners from $152.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Zacks Research cut shares of PJT Partners from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, PJT Partners presently has a consensus rating of “Hold” and an average price target of $173.33.

PJT Partners Trading Down 1.2%

Shares of PJT Partners stock opened at $152.16 on Friday. PJT Partners Inc. has a 12 month low of $127.73 and a 12 month high of $195.62. The business has a fifty day simple moving average of $154.27 and a two-hundred day simple moving average of $158.99. The firm has a market capitalization of $3.93 billion, a P/E ratio of 22.18 and a beta of 0.85.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.03. PJT Partners had a return on equity of 32.00% and a net margin of 10.32%.The firm had revenue of $418.20 million during the quarter, compared to the consensus estimate of $409.38 million. During the same period last year, the company earned $1.05 earnings per share. The company’s revenue was up 28.9% on a year-over-year basis. Analysts predict that PJT Partners Inc. will post 7.5 earnings per share for the current year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. PJT Partners’s dividend payout ratio (DPR) is presently 14.58%.

About PJT Partners

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.