Sei Investments Co. Sells 15,844 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Sei Investments Co. cut its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 76,058 shares of the company's stock after selling 15,844 shares during the quarter. Sei Investments Co. owned 0.09% of Perella Weinberg Partners worth $1,813,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of PWP. Venturi Wealth Management LLC bought a new stake in Perella Weinberg Partners during the fourth quarter worth approximately $64,000. Intech Investment Management LLC acquired a new stake in shares of Perella Weinberg Partners during the 3rd quarter valued at $197,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Perella Weinberg Partners during the 3rd quarter valued at $214,000. Aigen Investment Management LP bought a new stake in shares of Perella Weinberg Partners during the 4th quarter worth $311,000. Finally, Verition Fund Management LLC acquired a new position in shares of Perella Weinberg Partners in the 3rd quarter worth $333,000. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PWP has been the subject of several analyst reports. The Goldman Sachs Group reduced their target price on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their target price 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. Finally, JMP Securities dropped their target price on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a research report on Tuesday.

Perella Weinberg Partners Stock Performance

NASDAQ:PWP traded down $1.67 during trading hours on Thursday, hitting $15.87. 859,734 shares of the company's stock traded hands, compared to its average volume of 576,656. The stock's fifty day moving average price is $20.74 and its two-hundred day moving average price is $22.49. The firm has a market cap of $1.38 billion, a P/E ratio of -10.04 and a beta of 1.68. Perella Weinberg Partners has a twelve month low of $11.68 and a twelve month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last issued 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid 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 1.76%. Perella Weinberg Partners's dividend payout ratio is presently -17.72%.

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.