Ranger Investment Management L.P. Makes New $5.14 Million Investment in Perella Weinberg Partners $PWP

Ranger Investment Management L.P. acquired a new position in Perella Weinberg Partners (NASDAQ:PWP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 321,985 shares of the company’s stock, valued at approximately $5,139,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Los Angeles Capital Management LLC bought a new stake in shares of Perella Weinberg Partners during the 4th quarter valued at about $45,000. Torren Management LLC bought a new position in Perella Weinberg Partners in the fourth quarter worth about $62,000. Kemnay Advisory Services Inc. bought a new position in Perella Weinberg Partners in the fourth quarter worth about $86,000. Tower Research Capital LLC TRC raised its stake in Perella Weinberg Partners by 460.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after buying an additional 4,232 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Perella Weinberg Partners by 24.3% in the first quarter. PNC Financial Services Group Inc. now owns 6,852 shares of the company’s stock worth $124,000 after buying an additional 1,338 shares during the period. 41.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Perella Weinberg Partners news, CEO Andrew Bednar sold 80,045 shares of Perella Weinberg Partners stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $17.17, for a total transaction of $1,374,372.65. Following the completion of the transaction, the chief executive officer owned 1,139,013 shares in the company, valued at approximately $19,556,853.21. The trade was a 6.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 235,697 shares of company stock worth $4,080,379. 26.10% of the stock is owned by company insiders.

Perella Weinberg Partners Stock Performance

Shares of PWP opened at $16.61 on Monday. Perella Weinberg Partners has a fifty-two week low of $14.11 and a fifty-two week high of $25.92. The firm’s 50-day simple moving average is $16.23 and its two-hundred day simple moving average is $17.96. The stock has a market cap of $1.56 billion, a PE ratio of 63.89 and a beta of 1.64.

Perella Weinberg Partners (NASDAQ:PWP) last released its earnings results on Friday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.14. Perella Weinberg Partners had a net margin of 3.19% and a negative return on equity of 35.84%. The firm had revenue of $156.53 million during the quarter, compared to analyst estimates of $144.76 million.

Perella Weinberg Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 28th. Perella Weinberg Partners’s dividend payout ratio (DPR) is 107.69%.

Analyst Ratings Changes

Several analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on Perella Weinberg Partners from $14.50 to $16.00 and gave the company a “sell” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $21.00 target price (up from $19.00) on shares of Perella Weinberg Partners in a research report on Monday, August 3rd. Wall Street Zen upgraded Perella Weinberg Partners from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings lowered Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.00.

Perella Weinberg Partners 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.