Ghisallo Capital Management LLC Has $406,000 Position in Perella Weinberg Partners (NASDAQ:PWP)

Ghisallo Capital Management LLC cut its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 50.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 25,000 shares of the company’s stock after selling 25,000 shares during the quarter. Ghisallo Capital Management LLC’s holdings in Perella Weinberg Partners were worth $406,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Arizona State Retirement System lifted its stake in Perella Weinberg Partners by 15.3% in the second quarter. Arizona State Retirement System now owns 13,020 shares of the company’s stock valued at $212,000 after buying an additional 1,724 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Perella Weinberg Partners by 16.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,306 shares of the company’s stock valued at $174,000 after acquiring an additional 1,753 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Perella Weinberg Partners by 17.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,709 shares of the company’s stock worth $272,000 after purchasing an additional 2,537 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Perella Weinberg Partners by 6.0% in the 1st quarter. California State Teachers Retirement System now owns 45,448 shares of the company’s stock valued at $642,000 after purchasing an additional 2,560 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Perella Weinberg Partners by 27.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 15,212 shares of the company’s stock valued at $215,000 after purchasing an additional 3,237 shares in the last quarter. 41.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Perella Weinberg Partners from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 target price on shares of Perella Weinberg Partners in a research report on Monday, August 5th.

Perella Weinberg Partners Trading Up 0.7 %

NASDAQ:PWP opened at $19.44 on Wednesday. The stock has a market capitalization of $1.83 billion, a PE ratio of -10.45 and a beta of 1.50. Perella Weinberg Partners has a 1-year low of $9.30 and a 1-year high of $20.58. The firm has a fifty day simple moving average of $18.77 and a 200 day simple moving average of $16.55.

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

Perella Weinberg Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Thursday, September 5th. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -15.05%.

Perella Weinberg Partners Profile

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.