Perella Weinberg Partners (NASDAQ:PWP) Reaches New 52-Week Low – Should You Sell?

Perella Weinberg Partners (NASDAQ:PWP)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $15.04 and last traded at $15.1860, with a volume of 480521 shares trading hands. The stock had previously closed at $15.52.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PWP. Citizens Jmp dropped their price target on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating on the stock in a research note on Friday, April 10th. Weiss Ratings lowered shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. The Goldman Sachs Group raised their price target on shares of Perella Weinberg Partners from $17.50 to $19.50 and gave the company a “sell” rating in a research note on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Perella Weinberg Partners has a consensus rating of “Hold” and a consensus price target of $23.50.

Perella Weinberg Partners Stock Down 0.6%

The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 64.28 and a beta of 1.64. The stock’s 50 day moving average is $18.99 and its 200 day moving average is $19.07.

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

Perella Weinberg Partners Announces Dividend

The business also recently disclosed 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently 116.67%.

Insider Activity at Perella Weinberg Partners

In related news, CFO Alexandra Gottschalk sold 51,671 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $19.74, for a total transaction of $1,019,985.54. Following the transaction, the chief financial officer owned 72,492 shares in the company, valued at $1,430,992.08. This trade represents a 41.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 109,477 shares of company stock worth $2,034,533 in the last quarter. 26.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new position in Perella Weinberg Partners in the fourth quarter worth approximately $45,000. Torren Management LLC acquired a new position in Perella Weinberg Partners in the 4th quarter worth approximately $62,000. Kemnay Advisory Services Inc. acquired a new position in Perella Weinberg Partners in the 4th quarter worth approximately $86,000. Tower Research Capital LLC TRC boosted its stake in Perella Weinberg Partners by 460.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after purchasing an additional 4,232 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Perella Weinberg Partners by 24.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,852 shares of the company’s stock valued at $124,000 after buying an additional 1,338 shares during the period. Institutional investors and hedge funds 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.