Perella Weinberg Partners (NASDAQ:PWP) Reaches New 52-Week Low – Here’s What Happened

Perella Weinberg Partners (NASDAQ:PWP)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $14.38 and last traded at $14.38, with a volume of 48554 shares. The stock had previously closed at $14.85.

Analyst Upgrades and Downgrades

PWP has been the topic of a number of recent analyst reports. Weiss Ratings downgraded Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. The Goldman Sachs Group set a $16.00 price target on Perella Weinberg Partners in a report on Friday, June 12th. Keefe, Bruyette & Woods dropped their price target on shares of Perella Weinberg Partners from $23.50 to $19.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Finally, Citizens Jmp dropped 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. 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. According to data from MarketBeat.com, Perella Weinberg Partners has an average rating of “Hold” and an average target price of $21.50.

Perella Weinberg Partners Stock Down 2.8%

The stock has a market capitalization of $1.34 billion, a PE ratio of 59.78 and a beta of 1.65. The business’s 50-day moving average is $16.14 and its two-hundred day moving average is $18.50.

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

Perella Weinberg Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.07 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.9%. Perella Weinberg Partners’s payout ratio is 116.67%.

Insider Transactions at Perella Weinberg Partners

In other Perella Weinberg Partners news, CFO Alexandra Gottschalk sold 51,671 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 109,477 shares of company stock valued at $2,034,533 in the last three months. Corporate insiders own 26.10% of the company’s stock.

Institutional Trading of Perella Weinberg Partners

Several hedge funds and other institutional investors have recently made changes to their positions in PWP. AQR Capital Management LLC boosted its holdings in Perella Weinberg Partners by 79.1% during the first quarter. AQR Capital Management LLC now owns 23,435 shares of the company’s stock worth $431,000 after buying an additional 10,350 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 valued at $566,000 after acquiring an additional 1,342 shares during the period. Jane Street Group LLC acquired a new stake in shares of Perella Weinberg Partners during the 1st quarter valued at approximately $2,577,000. Legal & General Group Plc boosted its stake in shares of 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 boosted its stake in shares of 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. 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.