Royce & Associates LP Increases Stock Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Royce & Associates LP raised its position in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 14.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,179,111 shares of the company's stock after acquiring an additional 147,424 shares during the period. Royce & Associates LP owned approximately 1.37% of Perella Weinberg Partners worth $22,769,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of PWP. Vanguard Group Inc. raised its holdings in shares of Perella Weinberg Partners by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 2,491,989 shares of the company's stock worth $35,212,000 after acquiring an additional 155,855 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of Perella Weinberg Partners in the second quarter worth approximately $35,715,000. Millennium Management LLC lifted its holdings in shares of Perella Weinberg Partners by 2,883.9% in the second quarter. Millennium Management LLC now owns 1,723,785 shares of the company's stock valued at $28,012,000 after purchasing an additional 1,666,015 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Perella Weinberg Partners during the second quarter valued at approximately $20,198,000. Finally, Boston Partners grew its holdings in Perella Weinberg Partners by 247.7% during the first quarter. Boston Partners now owns 534,968 shares of the company's stock worth $7,568,000 after buying an additional 381,091 shares in the last quarter. Institutional investors own 41.07% of the company's stock.

Analysts Set New Price Targets

Separately, JMP Securities raised their price objective on Perella Weinberg Partners from $22.00 to $26.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 9th.

Insider Buying and Selling at Perella Weinberg Partners

In other Perella Weinberg Partners news, CEO Andrew Bednar sold 300,579 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was 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 directly owns 566,386 shares in the company, valued at $13,865,129.28. The trade was a 34.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Dietrich Becker sold 442,889 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were 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 in the company, valued at $9,281,347.20. This represents a 53.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 43.53% of the company's stock.

Perella Weinberg Partners Trading Down 1.9 %

Shares of PWP stock traded down $0.48 during trading on Friday, hitting $25.25. The company's stock had a trading volume of 532,475 shares, compared to its average volume of 427,707. The company has a market cap of $2.17 billion, a PE ratio of -10.65 and a beta of 1.49. The business has a fifty day moving average of $20.82 and a 200-day moving average of $18.12. Perella Weinberg Partners has a 52 week low of $10.44 and a 52 week high of $25.96.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.14. The business had revenue of $278.20 million for the quarter, compared to analysts' expectations 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 business's revenue was up 100.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 earnings per share.

Perella Weinberg Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, December 4th. Perella Weinberg Partners's dividend payout ratio is -11.81%.

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.