Penn Capital Management Co. Inc. decreased its stake in PJT Partners Inc (NYSE:PJT) by 17.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,046 shares of the financial services provider’s stock after selling 26,783 shares during the period. Penn Capital Management Co. Inc. owned 0.56% of PJT Partners worth $5,943,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of PJT. Eagle Asset Management Inc. grew its stake in PJT Partners by 3.7% during the first quarter. Eagle Asset Management Inc. now owns 1,442,204 shares of the financial services provider’s stock worth $60,284,000 after purchasing an additional 51,553 shares during the period. Vanguard Group Inc grew its stake in PJT Partners by 1.3% during the third quarter. Vanguard Group Inc now owns 913,355 shares of the financial services provider’s stock worth $47,813,000 after purchasing an additional 11,394 shares during the period. Vanguard Group Inc. grew its stake in PJT Partners by 1.3% during the third quarter. Vanguard Group Inc. now owns 913,355 shares of the financial services provider’s stock worth $47,813,000 after purchasing an additional 11,394 shares during the period. Carillon Tower Advisers Inc. grew its stake in PJT Partners by 7.0% during the first quarter. Carillon Tower Advisers Inc. now owns 743,278 shares of the financial services provider’s stock worth $31,069,000 after purchasing an additional 48,935 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in PJT Partners by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 441,217 shares of the financial services provider’s stock worth $17,102,000 after purchasing an additional 23,766 shares during the period. 64.77% of the stock is owned by institutional investors.
Shares of PJT Partners stock opened at $39.93 on Thursday. The company has a quick ratio of 5.13, a current ratio of 5.13 and a debt-to-equity ratio of 0.38. PJT Partners Inc has a 52 week low of $35.28 and a 52 week high of $61.18. The company has a market capitalization of $909.17 million, a price-to-earnings ratio of 20.91, a PEG ratio of 0.71 and a beta of 1.13.
PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). PJT Partners had a net margin of 4.01% and a return on equity of 15.66%. The firm had revenue of $128.06 million during the quarter. As a group, research analysts predict that PJT Partners Inc will post 2.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. PJT Partners’s dividend payout ratio (DPR) is presently 10.47%.
In other news, Chairman Paul J. Taubman acquired 4,000 shares of PJT Partners stock in a transaction on Wednesday, March 6th. The stock was purchased at an average price of $42.92 per share, with a total value of $171,680.00. Following the completion of the purchase, the chairman now owns 453,200 shares of the company’s stock, valued at approximately $19,451,344. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel James W. Cuminale sold 4,462 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $40.60, for a total value of $181,157.20. Following the completion of the sale, the general counsel now directly owns 51,463 shares of the company’s stock, valued at approximately $2,089,397.80. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.
Separately, Zacks Investment Research raised PJT Partners from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. PJT Partners has an average rating of “Hold” and an average target price of $59.50.
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PJT Partners Profile
PJT Partners Inc, an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.
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