93,601 Shares in Perella Weinberg Partners (NASDAQ:PWP) Acquired by Calamos Advisors LLC

Calamos Advisors LLC acquired a new position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 93,601 shares of the company's stock, valued at approximately $2,231,000. Calamos Advisors LLC owned 0.11% of Perella Weinberg Partners as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PWP. The Manufacturers Life Insurance Company grew its stake in shares of Perella Weinberg Partners by 30.4% during the second quarter. The Manufacturers Life Insurance Company now owns 20,167 shares of the company's stock worth $328,000 after purchasing an additional 4,697 shares during the period. SG Americas Securities LLC acquired a new position in Perella Weinberg Partners in the third quarter valued at about $406,000. US Bancorp DE acquired a new position in Perella Weinberg Partners in the third quarter valued at about $325,000. Harbor Capital Advisors Inc. grew its stake in Perella Weinberg Partners by 72.6% in the third quarter. Harbor Capital Advisors Inc. now owns 49,728 shares of the company's stock valued at $960,000 after acquiring an additional 20,923 shares during the period. Finally, Royce & Associates LP grew its stake in Perella Weinberg Partners by 14.3% in the third quarter. Royce & Associates LP now owns 1,179,111 shares of the company's stock valued at $22,769,000 after acquiring an additional 147,424 shares during the period. 41.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods decreased their target price on Perella Weinberg Partners from $28.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, January 14th.

Perella Weinberg Partners Trading Down 6.8 %

Shares of PWP stock traded down $1.77 on Friday, hitting $24.39. 1,218,769 shares of the stock were exchanged, compared to its average volume of 631,469. The firm has a market capitalization of $2.15 billion, a P/E ratio of -10.29 and a beta of 1.59. The business has a 50-day moving average of $24.65 and a 200 day moving average of $22.00. Perella Weinberg Partners has a fifty-two week low of $11.68 and a fifty-two week high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted 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 return on equity of 295.65% and a negative net margin of 11.09%.

Insider Buying and Selling

In other Perella Weinberg Partners news, President Dietrich Becker sold 442,889 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $24.48, for a total value of $10,841,922.72. Following the sale, the president now owns 379,140 shares in the company, valued at $9,281,347.20. This represents a 53.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Bednar sold 300,579 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $24.48, for a total value of $7,358,173.92. Following the transaction, the chief executive officer now owns 566,386 shares in the company, valued at approximately $13,865,129.28. This trade represents a 34.67 % decrease in their position. The disclosure for this sale can be found here. 43.53% of the stock is currently owned by corporate insiders.

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.