William Blair Investment Management LLC Purchases 30,441 Shares of Perella Weinberg Partners (NASDAQ:PWP)

William Blair Investment Management LLC raised its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,236,570 shares of the company's stock after buying an additional 30,441 shares during the period. William Blair Investment Management LLC owned about 1.40% of Perella Weinberg Partners worth $29,480,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PWP. Venturi Wealth Management LLC purchased a new stake in shares of Perella Weinberg Partners during the fourth quarter worth about $64,000. Intech Investment Management LLC purchased a new stake in shares of Perella Weinberg Partners during the third quarter worth about $197,000. PDT Partners LLC purchased a new stake in shares of Perella Weinberg Partners during the third quarter worth about $210,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Perella Weinberg Partners during the third quarter worth about $214,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Perella Weinberg Partners during the fourth quarter worth about $311,000. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PWP has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. The Goldman Sachs Group lowered their price objective on shares of Perella Weinberg Partners from $23.00 to $20.00 and set a "sell" rating for the company in a report on Friday, March 14th.

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Perella Weinberg Partners Price Performance

PWP traded up $0.13 on Friday, hitting $19.65. The company had a trading volume of 1,399,538 shares, compared to its average volume of 533,454. Perella Weinberg Partners has a 52-week low of $11.68 and a 52-week high of $27.03. The stock has a fifty day simple moving average of $23.10 and a 200-day simple moving average of $22.58. The firm has a market capitalization of $1.71 billion, a P/E ratio of -12.44 and a beta of 1.61.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its earnings results on Friday, February 7th. The company reported $0.26 earnings per share 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners's dividend payout ratio is -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.