Perella Weinberg Partners (NASDAQ:PWP) Shares Sold by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC lessened its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 29.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 613,142 shares of the company's stock after selling 252,132 shares during the quarter. Perella Weinberg Partners makes up about 1.3% of Grandeur Peak Global Advisors LLC's portfolio, making the stock its 20th biggest holding. Grandeur Peak Global Advisors LLC owned approximately 0.70% of Perella Weinberg Partners worth $14,617,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PWP. Kennedy Capital Management LLC raised its position in shares of Perella Weinberg Partners by 8.8% during the 4th quarter. Kennedy Capital Management LLC now owns 21,170 shares of the company's stock valued at $505,000 after buying an additional 1,707 shares during the period. Ranger Investment Management L.P. purchased a new stake in Perella Weinberg Partners in the fourth quarter valued at $5,486,000. Raymond James Financial Inc. acquired a new position in shares of Perella Weinberg Partners in the 4th quarter valued at $18,493,000. FMR LLC grew its holdings in shares of Perella Weinberg Partners by 3.8% during the 4th quarter. FMR LLC now owns 8,181,941 shares of the company's stock worth $195,057,000 after purchasing an additional 301,587 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in shares of Perella Weinberg Partners by 43.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock worth $37,000 after purchasing an additional 470 shares during the period. Hedge funds and other institutional investors own 41.07% of the company's stock.

Perella Weinberg Partners Trading Up 1.6 %

PWP traded up $0.25 during trading hours on Thursday, hitting $15.89. 296,748 shares of the company's stock were exchanged, compared to its average volume of 581,453. The firm has a market cap of $1.38 billion, a P/E ratio of -10.06 and a beta of 1.68. Perella Weinberg Partners has a 12-month low of $11.68 and a 12-month high of $27.03. The firm has a 50 day moving average of $19.95 and a 200 day moving average of $22.37.

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

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.76%. Perella Weinberg Partners's payout ratio is -17.72%.

Analyst Ratings Changes

PWP has been the subject of several research analyst reports. JMP Securities lowered 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. Keefe, Bruyette & Woods increased their price objective on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group decreased their price target on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating on the stock in a research note on Wednesday, April 2nd.

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.