Perella Weinberg Partners (PWP) To Go Ex-Dividend on August 28th

Perella Weinberg Partners (NASDAQ:PWP) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Friday, August 28th will be paid a dividend of 0.07 per share on Thursday, September 10th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 28th.

Perella Weinberg Partners has a dividend payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings.

Perella Weinberg Partners Price Performance

Shares of PWP opened at $17.65 on Friday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 67.89 and a beta of 1.65. Perella Weinberg Partners has a 1 year low of $14.11 and a 1 year high of $25.92. The business’s 50 day simple moving average is $16.05 and its 200-day simple moving average is $18.46.

Perella Weinberg Partners (NASDAQ:PWP) last posted its earnings results on Friday, July 31st. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.14. Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%. The firm had revenue of $156.53 million during the quarter, compared to analyst estimates of $144.76 million.

Insider Buying and Selling at Perella Weinberg Partners

In other news, CFO Alexandra Gottschalk sold 51,671 shares of the business’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 transaction of $1,019,985.54. Following the transaction, the chief financial officer owned 72,492 shares of the company’s stock, valued at approximately $1,430,992.08. The trade was a 41.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 109,477 shares of company stock worth $2,034,533. Insiders own 26.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Perella Weinberg Partners by 79.1% in 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 valued at $566,000 after purchasing an additional 1,342 shares during the last quarter. Jane Street Group LLC bought a new position in Perella Weinberg Partners during the 1st quarter valued at about $2,577,000. Legal & General Group Plc grew its holdings 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 valued at $1,163,000 after purchasing an additional 11,693 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Perella Weinberg Partners by 12.1% in the 2nd quarter. Rhumbline Advisers now owns 81,588 shares of the company’s stock worth $1,584,000 after purchasing an additional 8,787 shares during the period. 41.07% of the stock is owned by hedge funds and other institutional investors.

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.