Perella Weinberg Partners (NASDAQ:PWP) Short Interest Update

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 2,780,000 shares, a decrease of 13.9% from the December 31st total of 3,230,000 shares. Approximately 5.1% of the shares of the company are sold short. Based on an average trading volume of 578,100 shares, the short-interest ratio is presently 4.8 days.

Perella Weinberg Partners Stock Up 1.0 %

NASDAQ PWP traded up $0.26 during trading hours on Wednesday, reaching $26.03. The company's stock had a trading volume of 570,719 shares, compared to its average volume of 661,218. Perella Weinberg Partners has a 1 year low of $11.44 and a 1 year high of $27.03. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -10.98 and a beta of 1.59. The firm's 50-day moving average price is $24.65 and its 200-day moving average price is $21.87.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.14. The company had revenue of $278.20 million during the quarter, compared to analyst estimates of $196.42 million. Perella Weinberg Partners had a negative return on equity of 295.65% and a negative net margin of 11.09%. The firm's revenue was up 100.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 earnings per share.

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Wednesday, December 4th. Perella Weinberg Partners's dividend payout ratio (DPR) is currently -11.81%.

Insider Buying and Selling at Perella Weinberg Partners

In other Perella Weinberg Partners news, President Dietrich Becker sold 442,889 shares of the firm's stock in a transaction dated 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 transaction, the president now directly owns 379,140 shares of the company's stock, valued at approximately $9,281,347.20. This trade represents a 53.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Bednar sold 300,579 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $24.48, for a total value of $7,358,173.92. Following the sale, the chief executive officer now owns 566,386 shares of the company's stock, valued at approximately $13,865,129.28. This represents a 34.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 43.53% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Millennium Management LLC increased its position in shares of Perella Weinberg Partners by 2,883.9% during the second quarter. Millennium Management LLC now owns 1,723,785 shares of the company's stock worth $28,012,000 after acquiring an additional 1,666,015 shares during the period. Wellington Management Group LLP raised its position in Perella Weinberg Partners by 200.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,157,605 shares of the company's stock valued at $22,353,000 after purchasing an additional 771,736 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Perella Weinberg Partners by 175.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 570,719 shares of the company's stock worth $11,021,000 after buying an additional 363,331 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Perella Weinberg Partners by 197.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company's stock worth $8,381,000 after buying an additional 288,186 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in shares of Perella Weinberg Partners by 32.1% during the third quarter. Eagle Asset Management Inc. now owns 756,540 shares of the company's stock valued at $14,609,000 after buying an additional 183,905 shares during the period. Hedge funds and other institutional investors own 41.07% of the company's stock.

Analyst Ratings Changes

PWP has been the subject of a number of research reports. Keefe, Bruyette & Woods reduced their target price on shares of Perella Weinberg Partners from $28.00 to $27.00 and set an "outperform" rating for the company in a report on Tuesday, January 14th. JMP Securities upped their price target on Perella Weinberg Partners from $22.00 to $26.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 9th.

Perella Weinberg Partners Company 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.