Perella Weinberg Partners (NASDAQ:PWP) CFO Alexandra Gottschalk Sells 43,788 Shares

Perella Weinberg Partners (NASDAQ:PWP) CFO Alexandra Gottschalk sold 43,788 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $17.58, for a total transaction of $769,793.04. Following the completion of the transaction, the chief financial officer directly owned 86,510 shares in the company, valued at $1,520,845.80. This trade represents a 33.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alexandra Gottschalk also recently made the following trade(s):

• On Wednesday, May 20th, Alexandra Gottschalk sold 14,018 shares of Perella Weinberg Partners stock. The shares were sold at an average price of $17.46, for a total transaction of $244,754.28.
• On Tuesday, May 5th, Alexandra Gottschalk sold 51,671 shares of Perella Weinberg Partners stock. The stock was sold at an average price of $19.74, for a total transaction of $1,019,985.54.

Perella Weinberg Partners Price Performance

Shares of NASDAQ:PWP opened at $17.71 on Thursday. The stock has a market cap of $1.65 billion, a P/E ratio of 73.79 and a beta of 1.74. The firm has a fifty day moving average price of $18.87 and a 200 day moving average price of $19.18. Perella Weinberg Partners has a 1-year low of $15.74 and a 1-year high of $25.92.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). The business had revenue of $148.92 million for the quarter, compared to analyst estimates of $158.82 million. Perella Weinberg Partners had a negative return on equity of 19.90% and a net margin of 2.82%.

Perella Weinberg Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, June 1st. This represents a $0.28 dividend on an annualized basis and a yield of 1.6%. Perella Weinberg Partners’s dividend payout ratio is currently 116.67%.

Institutional Investors Weigh In On Perella Weinberg Partners

A number of hedge funds have recently made changes to their positions in the company. Arizona State Retirement System lifted its position in shares of Perella Weinberg Partners by 3.4% in the third quarter. Arizona State Retirement System now owns 17,814 shares of the company’s stock worth $380,000 after buying an additional 583 shares in the last quarter. Kennedy Capital Management LLC lifted its position in shares of Perella Weinberg Partners by 1.2% in the fourth quarter. Kennedy Capital Management LLC now owns 57,646 shares of the company’s stock worth $997,000 after buying an additional 660 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Perella Weinberg Partners by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 11,366 shares of the company’s stock worth $197,000 after buying an additional 733 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Perella Weinberg Partners by 16.6% in the third quarter. New York State Teachers Retirement System now owns 5,510 shares of the company’s stock worth $117,000 after buying an additional 786 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Perella Weinberg Partners by 10.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,138 shares of the company’s stock valued at $175,000 after purchasing an additional 997 shares during the period. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PWP has been the subject of several recent analyst reports. Citizens Jmp reduced their target price on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a research note on Friday, April 10th. Wall Street Zen upgraded shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings downgraded shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group lifted their price target on shares of Perella Weinberg Partners from $17.50 to $19.50 and gave the stock a “sell” rating in a report on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Perella Weinberg Partners from $21.00 to $23.50 and gave the stock an “outperform” rating in a report on Monday, May 4th. Two investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $23.50.

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.