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

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

Wall Street Analysts Forecast Growth

PWP has been the subject of several research reports. The Goldman Sachs Group lifted their price target on Perella Weinberg Partners from $17.50 to $19.50 and gave the company a “sell” rating in a report on Tuesday, April 14th. Wall Street Zen upgraded Perella Weinberg Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Keefe, Bruyette & Woods lifted their price target on Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a report on Monday, May 4th. Citizens Jmp reduced their price target on 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, Weiss Ratings lowered Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $23.50.

Perella Weinberg Partners Stock Performance

The stock has a 50 day moving average of $18.95 and a two-hundred day moving average of $19.04. The firm has a market capitalization of $1.44 billion, a P/E ratio of 64.50 and a beta of 1.64.

Perella Weinberg Partners (NASDAQ:PWP) last issued 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 company had revenue of $148.92 million during the quarter, compared to the consensus estimate of $158.82 million.

Perella Weinberg Partners Dividend Announcement

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 $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend 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 related news, CFO Alexandra Gottschalk sold 51,671 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $19.74, for a total value of $1,019,985.54. Following the transaction, the chief financial officer directly owned 72,492 shares of the company’s stock, valued at approximately $1,430,992.08. This trade represents a 41.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 109,477 shares of company stock valued at $2,034,533. 26.10% of the stock is currently owned by company insiders.

Institutional Trading of Perella Weinberg Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PWP. AQR Capital Management LLC grew its holdings in Perella Weinberg Partners by 79.1% in the 1st quarter. AQR Capital Management LLC now owns 23,435 shares of the company’s stock valued at $431,000 after buying an additional 10,350 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Perella Weinberg Partners by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock valued at $566,000 after buying an additional 1,342 shares during the last quarter. Jane Street Group LLC acquired a new stake in Perella Weinberg Partners in the 1st quarter valued at approximately $2,577,000. Legal & General Group Plc grew its holdings in Perella Weinberg Partners by 24.3% in the 2nd quarter. Legal & General Group Plc now owns 59,874 shares of the company’s stock valued at $1,163,000 after buying an additional 11,693 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Perella Weinberg Partners by 12.1% in the 2nd quarter. Rhumbline Advisers now owns 81,588 shares of the company’s stock valued at $1,584,000 after buying an additional 8,787 shares during the last quarter. Institutional investors and hedge funds 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.