Ranger Investment Management L.P. Buys Shares of 230,125 Perella Weinberg Partners (NASDAQ:PWP)

Ranger Investment Management L.P. bought a new position in Perella Weinberg Partners (NASDAQ:PWP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 230,125 shares of the company's stock, valued at approximately $5,486,000. Ranger Investment Management L.P. owned 0.26% of Perella Weinberg Partners as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PWP. Quadrant Capital Group LLC boosted its stake in Perella Weinberg Partners by 43.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock valued at $37,000 after buying an additional 470 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Perella Weinberg Partners during the 4th quarter valued at approximately $64,000. Meeder Asset Management Inc. purchased a new position in shares of Perella Weinberg Partners in the fourth quarter valued at $179,000. Y Intercept Hong Kong Ltd purchased a new stake in Perella Weinberg Partners during the third quarter valued at $214,000. Finally, KLP Kapitalforvaltning AS bought a new position in Perella Weinberg Partners during the fourth quarter valued at $248,000. 41.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Perella Weinberg Partners Stock Performance

NASDAQ PWP traded up $0.18 during trading on Monday, hitting $15.63. The stock had a trading volume of 157,527 shares, compared to its average volume of 576,447. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -9.89 and a beta of 1.68. The stock has a 50 day simple moving average of $20.53 and a 200 day simple moving average of $22.49. Perella Weinberg Partners has a one year low of $11.68 and a one year high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.28 annualized dividend and a yield of 1.79%. Perella Weinberg Partners's dividend payout ratio (DPR) is -17.72%.

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.