Versor Investments LP Makes New Investment in Perella Weinberg Partners (NASDAQ:PWP)

Versor Investments LP purchased a new position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,100 shares of the company's stock, valued at approximately $384,000.

Other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC purchased a new stake in Perella Weinberg Partners during the 4th quarter worth about $64,000. Intech Investment Management LLC acquired a new position in shares of Perella Weinberg Partners in the third quarter valued at approximately $197,000. PDT Partners LLC purchased a new position in shares of Perella Weinberg Partners during the third quarter valued at approximately $210,000. Y Intercept Hong Kong Ltd acquired a new stake in Perella Weinberg Partners during the third quarter worth approximately $214,000. Finally, US Bancorp DE purchased a new stake in Perella Weinberg Partners in the 3rd quarter worth approximately $325,000. Hedge funds and other institutional investors own 41.07% of the company's stock.

Perella Weinberg Partners Price Performance

PWP stock traded down $0.87 on Monday, hitting $22.24. 581,100 shares of the company were exchanged, compared to its average volume of 734,460. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of -14.08 and a beta of 1.59. Perella Weinberg Partners has a twelve month low of $11.68 and a twelve month high of $27.03. The business's fifty day moving average is $24.22 and its two-hundred day moving average is $22.60.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%.

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.26%. Perella Weinberg Partners's dividend payout ratio (DPR) is -17.72%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their price target on Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th.

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.