Perella Weinberg Partners (NASDAQ:PWP) Sets New 12-Month Low – Time to Sell?

Perella Weinberg Partners (NASDAQ:PWP)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $14.56 and last traded at $14.5940, with a volume of 98384 shares traded. The stock had previously closed at $14.71.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citizens Jmp cut 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. 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 research note on Tuesday, April 14th. 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 research note on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Perella Weinberg Partners from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $23.50.

Perella Weinberg Partners Stock Up 6.4%

The firm has a market cap of $1.45 billion, a PE ratio of 65.56 and a beta of 1.64. The company’s fifty day moving average price is $18.82 and its two-hundred day moving average price is $19.01.

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

Perella Weinberg Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. Perella Weinberg Partners’s payout ratio is presently 116.67%.

Insider Buying and Selling

In related news, CFO Alexandra Gottschalk sold 14,018 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $17.46, for a total transaction of $244,754.28. Following the sale, the chief financial officer owned 72,492 shares of the company’s stock, valued at approximately $1,265,710.32. The trade was a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 109,477 shares of company stock worth $2,034,533 over the last quarter. 26.10% of the stock is currently owned by insiders.

Institutional Trading of Perella Weinberg Partners

Institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new stake in Perella Weinberg Partners during the fourth quarter worth about $45,000. Torren Management LLC purchased a new stake in Perella Weinberg Partners during the fourth quarter worth about $62,000. Kemnay Advisory Services Inc. purchased a new stake in Perella Weinberg Partners during the fourth quarter worth about $86,000. Tower Research Capital LLC TRC boosted its holdings in Perella Weinberg Partners by 460.5% during the second quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after buying an additional 4,232 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Perella Weinberg Partners by 24.3% during the first quarter. PNC Financial Services Group Inc. now owns 6,852 shares of the company’s stock worth $124,000 after buying an additional 1,338 shares in the last quarter. Hedge funds and other institutional investors own 41.07% of the company’s stock.

About Perella Weinberg Partners

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.