Boothbay Fund Management LLC Purchases 80,000 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Boothbay Fund Management LLC increased its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 200.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 120,000 shares of the company's stock after buying an additional 80,000 shares during the period. Boothbay Fund Management LLC owned 0.14% of Perella Weinberg Partners worth $2,861,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its stake in Perella Weinberg Partners by 43.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock valued at $37,000 after purchasing an additional 470 shares during the last quarter. US Bancorp DE raised its stake in Perella Weinberg Partners by 4.4% during the 4th quarter. US Bancorp DE now owns 17,602 shares of the company's stock valued at $420,000 after purchasing an additional 746 shares during the last quarter. Rhumbline Advisers raised its stake in Perella Weinberg Partners by 1.2% during the 4th quarter. Rhumbline Advisers now owns 70,861 shares of the company's stock valued at $1,689,000 after purchasing an additional 854 shares during the last quarter. Swiss National Bank raised its stake in Perella Weinberg Partners by 0.9% during the 4th quarter. Swiss National Bank now owns 100,000 shares of the company's stock valued at $2,384,000 after purchasing an additional 900 shares during the last quarter. Finally, Barclays PLC raised its stake in Perella Weinberg Partners by 0.8% during the 3rd quarter. Barclays PLC now owns 186,387 shares of the company's stock valued at $3,600,000 after purchasing an additional 1,517 shares during the last quarter. 41.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on PWP. JMP Securities cut their target price on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group dropped their price objective on shares of Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating for the company in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, February 10th.

Perella Weinberg Partners Trading Up 0.4 %

PWP stock opened at $16.89 on Monday. Perella Weinberg Partners has a 1-year low of $11.68 and a 1-year high of $27.03. The firm has a market cap of $1.47 billion, a P/E ratio of -10.69 and a beta of 1.68. The business's 50 day moving average is $18.92 and its 200-day moving average is $22.23.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.66%. Perella Weinberg Partners's dividend payout ratio (DPR) is presently -17.72%.

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.

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