Rhumbline Advisers Has $1.15 Million Stock Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Rhumbline Advisers boosted its stake in shares of Perella Weinberg Partners (NASDAQ:PWP) by 26.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 70,867 shares of the company’s stock after buying an additional 14,978 shares during the period. Rhumbline Advisers’ holdings in Perella Weinberg Partners were worth $1,152,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Perella Weinberg Partners by 122.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,763 shares of the company’s stock worth $159,000 after buying an additional 5,379 shares during the period. Bank of New York Mellon Corp raised its holdings in Perella Weinberg Partners by 39.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 166,998 shares of the company’s stock worth $2,714,000 after buying an additional 46,926 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Perella Weinberg Partners by 270.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 28,805 shares of the company’s stock worth $468,000 after buying an additional 21,024 shares during the period. Boston Partners raised its holdings in Perella Weinberg Partners by 247.7% during the 1st quarter. Boston Partners now owns 534,968 shares of the company’s stock worth $7,568,000 after buying an additional 381,091 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of Perella Weinberg Partners by 6.0% during the 1st quarter. California State Teachers Retirement System now owns 45,448 shares of the company’s stock worth $642,000 after acquiring an additional 2,560 shares in the last quarter. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Perella Weinberg Partners Stock Up 1.0 %

Shares of PWP opened at $19.62 on Monday. Perella Weinberg Partners has a twelve month low of $9.30 and a twelve month high of $20.58. The company has a 50 day moving average of $18.59 and a 200-day moving average of $16.23. The stock has a market capitalization of $1.85 billion, a P/E ratio of -10.55 and a beta of 1.50.

Perella Weinberg Partners (NASDAQ:PWP) last released its earnings results on Friday, August 2nd. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.26. Perella Weinberg Partners had a negative net margin of 15.75% and a positive return on equity of 56.85%. The business had revenue of $272.00 million during the quarter, compared to analysts’ expectations of $179.35 million. During the same period last year, the business earned $0.16 earnings per share. The firm’s revenue was up 64.3% on a year-over-year basis.

Perella Weinberg Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.43%. Perella Weinberg Partners’s dividend payout ratio is presently -15.05%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PWP. Keefe, Bruyette & Woods raised their price target on shares of Perella Weinberg Partners from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. JMP Securities reaffirmed a “market outperform” rating and set a $22.00 price target on shares of Perella Weinberg Partners in a research note on Monday, August 5th.

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.