Perella Weinberg Partners (NASDAQ:PWP) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP lifted its position in Perella Weinberg Partners (NASDAQ:PWP) by 113.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,442,576 shares of the company’s stock after purchasing an additional 765,461 shares during the period. Wasatch Advisors LP owned about 1.67% of Perella Weinberg Partners worth $20,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PWP. Azora Capital LP raised its position in Perella Weinberg Partners by 55.4% during the fourth quarter. Azora Capital LP now owns 426,963 shares of the company’s stock worth $5,222,000 after acquiring an additional 152,270 shares during the period. Basswood Capital Management L.L.C. grew its holdings in shares of Perella Weinberg Partners by 18.4% during the fourth quarter. Basswood Capital Management L.L.C. now owns 841,307 shares of the company’s stock worth $10,289,000 after buying an additional 130,682 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Perella Weinberg Partners by 34.1% in the fourth quarter. First Eagle Investment Management LLC now owns 249,878 shares of the company’s stock valued at $3,056,000 after purchasing an additional 63,575 shares during the period. Adage Capital Partners GP L.L.C. boosted its stake in Perella Weinberg Partners by 2.2% during the third quarter. Adage Capital Partners GP L.L.C. now owns 2,818,614 shares of the company’s stock worth $28,693,000 after buying an additional 61,333 shares during the period. Finally, Trexquant Investment LP purchased a new position in Perella Weinberg Partners during the fourth quarter worth about $608,000. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JMP Securities raised their target price on shares of Perella Weinberg Partners from $18.00 to $22.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th.

Perella Weinberg Partners Price Performance

Perella Weinberg Partners stock opened at $15.83 on Wednesday. Perella Weinberg Partners has a one year low of $7.94 and a one year high of $16.52. The business has a fifty day moving average of $15.08 and a two-hundred day moving average of $13.76.

Perella Weinberg Partners (NASDAQ:PWP) last released its earnings results on Friday, May 3rd. The company reported ($0.10) EPS for the quarter. Perella Weinberg Partners had a negative net margin of 7.74% and a positive return on equity of 17.87%. The business had revenue of $102.13 million during the quarter.

Perella Weinberg Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, May 24th. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -15.05%.

About Perella Weinberg Partners

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.