Quantbot Technologies LP Increases Stake in Perella Weinberg Partners (NASDAQ:PWP)

Quantbot Technologies LP lifted its position in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 109.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,622 shares of the company's stock after acquiring an additional 41,106 shares during the period. Quantbot Technologies LP owned 0.09% of Perella Weinberg Partners worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC acquired a new stake in Perella Weinberg Partners during the 4th quarter worth $64,000. Intech Investment Management LLC purchased a new position in shares of Perella Weinberg Partners in the third quarter worth about $197,000. PDT Partners LLC purchased a new position in Perella Weinberg Partners during the third quarter worth approximately $210,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Perella Weinberg Partners in the 3rd quarter worth $214,000. Finally, Aigen Investment Management LP purchased a new position in shares of Perella Weinberg Partners during the 4th quarter worth $311,000. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PWP. 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 research report on Monday, February 10th. The Goldman Sachs Group reduced their target price on Perella Weinberg Partners from $23.00 to $20.00 and set a "sell" rating on the stock in a research report on Friday, March 14th.

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Perella Weinberg Partners Stock Down 4.5 %

PWP stock traded down $0.89 during mid-day trading on Thursday, hitting $18.96. 814,533 shares of the company were exchanged, compared to its average volume of 538,806. The business has a fifty day simple moving average of $22.92 and a 200-day simple moving average of $22.65. The firm has a market capitalization of $1.65 billion, a P/E ratio of -12.00 and a beta of 1.61. Perella Weinberg Partners has a 12-month low of $11.68 and a 12-month high of $27.03.

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 for the quarter, missing the consensus estimate 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors 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 dividend yield of 1.48%. Perella Weinberg Partners's dividend payout ratio is presently -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.