Deprince Race & Zollo Inc. Decreases Stock Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Deprince Race & Zollo Inc. decreased its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 62.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,704 shares of the company's stock after selling 293,257 shares during the period. Deprince Race & Zollo Inc. owned 0.18% of Perella Weinberg Partners worth $2,823,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PWP. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Perella Weinberg Partners by 122.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,763 shares of the company's stock valued at $159,000 after acquiring an additional 5,379 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Perella Weinberg Partners during the 4th quarter worth about $165,000. Price T Rowe Associates Inc. MD boosted 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 buying an additional 1,753 shares during the last quarter. Olympiad Research LP acquired a new stake in shares of Perella Weinberg Partners during the 4th quarter worth approximately $195,000. Finally, 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 during the period. Institutional investors own 41.07% of the company's stock.

Perella Weinberg Partners Price Performance

Shares of PWP traded up $0.03 during trading hours on Friday, hitting $19.26. The stock had a trading volume of 306,811 shares, compared to its average volume of 426,923. The firm has a 50 day simple moving average of $18.70 and a 200-day simple moving average of $16.37. The firm has a market capitalization of $1.81 billion, a P/E ratio of -10.34 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.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.26. The firm had revenue of $272.00 million during the quarter, compared to analyst estimates of $179.35 million. Perella Weinberg Partners had a positive return on equity of 56.85% and a negative net margin of 15.75%. The company's revenue for the quarter was up 64.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS.

Perella Weinberg Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.28 annualized dividend and a yield of 1.45%. Perella Weinberg Partners's payout ratio is currently -15.05%.

Analyst Ratings Changes

Several research firms have recently weighed in on PWP. JMP Securities restated a "market outperform" rating and set a $22.00 price objective on shares of Perella Weinberg Partners in a research note on Monday, August 5th. Keefe, Bruyette & Woods lifted their price objective on Perella Weinberg Partners from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Friday, July 12th.

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.