Wasatch Advisors LP Sells 42,135 Shares of Perella Weinberg Partners $PWP

Wasatch Advisors LP lowered its stake in Perella Weinberg Partners (NASDAQ:PWP) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,120,404 shares of the company’s stock after selling 42,135 shares during the period. Wasatch Advisors LP owned 1.22% of Perella Weinberg Partners worth $20,347,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PWP. Los Angeles Capital Management LLC bought a new position in shares of Perella Weinberg Partners in the 4th quarter valued at $45,000. Torren Management LLC bought a new stake in Perella Weinberg Partners during the 4th quarter worth $62,000. Kemnay Advisory Services Inc. bought a new stake in Perella Weinberg Partners during the 4th quarter worth $86,000. Tower Research Capital LLC TRC increased its holdings 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 in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Perella Weinberg Partners by 10.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,138 shares of the company’s stock worth $175,000 after purchasing an additional 997 shares in the last quarter. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings raised Perella Weinberg Partners from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods upped their price objective on Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a research note on Monday, May 4th. Citizens Jmp dropped their price objective on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. Finally, The Goldman Sachs Group set a $16.00 target price on shares of Perella Weinberg Partners in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Perella Weinberg Partners currently has a consensus rating of “Hold” and an average target price of $22.62.

Insider Buying and Selling

In other Perella Weinberg Partners news, CFO Alexandra Gottschalk sold 14,018 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $17.46, for a total transaction of $244,754.28. Following the completion of the sale, the chief financial officer owned 72,492 shares of the company’s stock, valued at approximately $1,265,710.32. This represents a 16.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 109,477 shares of company stock valued at $2,034,533 in the last quarter. Corporate insiders own 26.10% of the company’s stock.

Perella Weinberg Partners Stock Up 2.7%

NASDAQ PWP opened at $16.56 on Friday. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 69.00 and a beta of 1.64. Perella Weinberg Partners has a twelve month low of $14.54 and a twelve month high of $25.92. The stock has a fifty day simple moving average of $18.04 and a 200 day simple moving average of $18.83.

Perella Weinberg Partners (NASDAQ:PWP) last announced its earnings results on Friday, May 1st. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). Perella Weinberg Partners had a negative return on equity of 19.90% and a net margin of 2.82%.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 was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. Perella Weinberg Partners’s payout ratio is currently 116.67%.

Perella Weinberg Partners 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.