432,325 Shares in Perella Weinberg Partners (NASDAQ:PWP) Bought by Walleye Capital LLC

Walleye Capital LLC acquired a new position in Perella Weinberg Partners (NASDAQ:PWP - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 432,325 shares of the company's stock, valued at approximately $10,307,000. Walleye Capital LLC owned approximately 0.49% of Perella Weinberg Partners as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PWP. XTX Topco Ltd purchased a new position in Perella Weinberg Partners during the fourth quarter worth $644,000. Barclays PLC raised its stake in Perella Weinberg Partners by 8.7% in the 4th quarter. Barclays PLC now owns 202,517 shares of the company's stock valued at $4,828,000 after purchasing an additional 16,130 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in Perella Weinberg Partners by 8.8% in the 4th quarter. Kennedy Capital Management LLC now owns 21,170 shares of the company's stock valued at $505,000 after purchasing an additional 1,707 shares in the last quarter. Ranger Investment Management L.P. purchased a new stake in shares of Perella Weinberg Partners during the fourth quarter worth about $5,486,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Perella Weinberg Partners in the fourth quarter valued at approximately $18,493,000. 41.07% of the stock is owned by institutional investors and hedge funds.

Perella Weinberg Partners Stock Performance

Perella Weinberg Partners stock traded up $0.16 during midday trading on Friday, reaching $15.80. The stock had a trading volume of 786,965 shares, compared to its average volume of 587,879. The stock has a market capitalization of $1.37 billion, a PE ratio of -10.00 and a beta of 1.68. The stock's 50-day simple moving average is $19.63 and its 200 day simple moving average is $22.36. 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 posted its earnings results on Friday, February 7th. The company reported $0.26 earnings per share (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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.77%. Perella Weinberg Partners's dividend payout ratio (DPR) is -17.72%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PWP. JMP Securities lowered their target price on shares of 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. The Goldman Sachs Group reduced their target price on 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. Finally, Keefe, Bruyette & Woods lifted their price target on Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a report on Monday, February 10th.

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.