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

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Perella Weinberg Partners from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. The Goldman Sachs Group increased their target price 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. Citizens Jmp reduced their target price on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating on the stock in a report on Friday, April 10th. Finally, Keefe, Bruyette & Woods increased their target price 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 analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Perella Weinberg Partners presently has a consensus rating of “Hold” and a consensus target price of $23.50.

Perella Weinberg Partners Trading Up 6.4%

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

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data 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). Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%. The firm had revenue of $148.92 million during the quarter, compared to analyst estimates of $158.82 million.

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed 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. 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 presently 116.67%.

Insider Buying and Selling at Perella Weinberg Partners

In other news, CFO Alexandra Gottschalk sold 14,018 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $17.46, for a total value of $244,754.28. Following the sale, the chief financial officer directly owned 72,492 shares in the company, valued at approximately $1,265,710.32. This trade represents a 16.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 109,477 shares of company stock valued at $2,034,533. 26.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Perella Weinberg Partners

Several hedge funds and other institutional investors have recently bought and sold shares of PWP. AQR Capital Management LLC raised its stake in Perella Weinberg Partners by 79.1% during the 1st quarter. AQR Capital Management LLC now owns 23,435 shares of the company’s stock worth $431,000 after acquiring an additional 10,350 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Perella Weinberg Partners by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock worth $566,000 after acquiring an additional 1,342 shares in the last quarter. Jane Street Group LLC acquired a new stake in Perella Weinberg Partners during the 1st quarter worth $2,577,000. Legal & General Group Plc raised its stake in Perella Weinberg Partners by 24.3% during the 2nd quarter. Legal & General Group Plc now owns 59,874 shares of the company’s stock worth $1,163,000 after acquiring an additional 11,693 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Perella Weinberg Partners by 12.1% during the 2nd quarter. Rhumbline Advisers now owns 81,588 shares of the company’s stock worth $1,584,000 after acquiring an additional 8,787 shares in the last quarter. 41.07% of the stock is currently owned by institutional investors and hedge funds.

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.