JMP Securities Issues Pessimistic Forecast for Perella Weinberg Partners (NASDAQ:PWP) Stock Price

Perella Weinberg Partners (NASDAQ:PWP - Free Report) had its price objective lowered by JMP Securities from $33.00 to $29.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods boosted their price objective on Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. The Goldman Sachs Group reduced their price objective on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating for the company in a research report on Wednesday, April 2nd.

Perella Weinberg Partners Trading Down 2.6 %

Perella Weinberg Partners stock traded down $0.42 during trading hours on Tuesday, reaching $15.45. 539,224 shares of the company were exchanged, compared to its average volume of 577,708. Perella Weinberg Partners has a 12 month low of $11.68 and a 12 month high of $27.03. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -9.78 and a beta of 1.68. The stock has a 50-day moving average of $20.53 and a 200 day moving average of $22.46.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $0.07 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 annualized dividend and a yield of 1.81%. Perella Weinberg Partners's dividend payout ratio (DPR) is -17.72%.

Institutional Trading of Perella Weinberg Partners

Several institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC boosted its stake in Perella Weinberg Partners by 43.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock worth $37,000 after buying an additional 470 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Perella Weinberg Partners during the 1st quarter worth about $32,000. Venturi Wealth Management LLC acquired a new stake in shares of Perella Weinberg Partners during the 4th quarter valued at about $64,000. GAMMA Investing LLC increased its stake in Perella Weinberg Partners by 2,401.3% in the first quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock valued at $70,000 after acquiring an additional 3,674 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Perella Weinberg Partners in the fourth quarter worth about $179,000. Institutional investors and hedge funds own 41.07% of the company's stock.

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.