Prospect Capital Advisors LLC Has $18.61 Million Holdings in PJT Partners Inc. (NYSE:PJT)

Prospect Capital Advisors LLC cut its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,900 shares of the financial services provider’s stock after selling 42,670 shares during the quarter. PJT Partners makes up about 10.8% of Prospect Capital Advisors LLC’s investment portfolio, making the stock its biggest position. Prospect Capital Advisors LLC owned about 0.50% of PJT Partners worth $18,606,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC grew its position in shares of PJT Partners by 2.9% during the fourth quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 65 shares in the last quarter. Xponance Inc. boosted its stake in PJT Partners by 7.4% in the 4th quarter. Xponance Inc. now owns 1,659 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 115 shares during the period. NDVR Inc. grew its holdings in PJT Partners by 6.0% during the 4th quarter. NDVR Inc. now owns 2,050 shares of the financial services provider’s stock valued at $324,000 after buying an additional 116 shares in the last quarter. Atria Investments Inc raised its position in shares of PJT Partners by 5.0% during the fourth quarter. Atria Investments Inc now owns 2,692 shares of the financial services provider’s stock valued at $425,000 after buying an additional 129 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of PJT Partners by 112.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider’s stock valued at $44,000 after buying an additional 146 shares during the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Trading Down 1.1%

NYSE:PJT opened at $148.45 on Thursday. PJT Partners Inc. has a 12 month low of $99.42 and a 12 month high of $190.28. The business’s 50-day moving average is $138.00 and its 200 day moving average is $152.47. The company has a market capitalization of $3.46 billion, a P/E ratio of 30.30 and a beta of 0.76.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.11. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The company had revenue of $324.50 million for the quarter, compared to analysts’ expectations of $361.26 million. During the same period in the previous year, the firm posted $0.98 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, research analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Wednesday, June 4th. PJT Partners’s dividend payout ratio (DPR) is currently 17.64%.

Insider Buying and Selling at PJT Partners

In related news, General Counsel David Adam Travin sold 5,000 shares of PJT Partners stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $141.74, for a total transaction of $708,700.00. Following the transaction, the general counsel now directly owns 2,288 shares of the company’s stock, valued at $324,301.12. This trade represents a 68.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 11.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their target price on shares of PJT Partners from $152.00 to $161.00 and gave the stock a “market perform” rating in a research report on Monday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $154.50.

About PJT Partners

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.