Emerald Mutual Fund Advisers Trust Buys 127,489 Shares of Perella Weinberg Partners $PWP

Emerald Mutual Fund Advisers Trust lifted its stake in Perella Weinberg Partners (NASDAQ:PWP) by 34.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 494,652 shares of the company’s stock after buying an additional 127,489 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Perella Weinberg Partners were worth $10,546,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in Perella Weinberg Partners by 79.1% during the 1st quarter. AQR Capital Management LLC now owns 23,435 shares of the company’s stock valued at $431,000 after purchasing an additional 10,350 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Perella Weinberg Partners by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock valued at $566,000 after buying an additional 1,342 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Perella Weinberg Partners during the first quarter valued at approximately $2,577,000. Public Employees Retirement System of Ohio purchased a new position in Perella Weinberg Partners in the 2nd quarter worth approximately $1,026,000. Finally, KLP Kapitalforvaltning AS lifted its position in Perella Weinberg Partners by 36.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,200 shares of the company’s stock valued at $276,000 after acquiring an additional 3,800 shares in the last quarter. 41.07% of the stock is owned by hedge funds and other institutional investors.

Perella Weinberg Partners Price Performance

PWP opened at $22.03 on Friday. The company has a 50 day simple moving average of $18.48 and a two-hundred day simple moving average of $19.98. The firm has a market cap of $1.96 billion, a P/E ratio of 33.38 and a beta of 1.64. Perella Weinberg Partners has a 1-year low of $14.12 and a 1-year high of $26.94.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $164.65 million for the quarter, compared to the consensus estimate of $179.83 million. Perella Weinberg Partners had a net margin of 6.15% and a negative return on equity of 21.55%.

Perella Weinberg Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 17th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, November 17th. Perella Weinberg Partners’s payout ratio is presently 42.42%.

Analyst Upgrades and Downgrades

A number of analysts have commented on PWP shares. Weiss Ratings reissued a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $19.00 price objective on shares of Perella Weinberg Partners in a research report on Tuesday. Wall Street Zen downgraded Perella Weinberg Partners from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Wolfe Research set a $21.00 target price on shares of Perella Weinberg Partners in a research note on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Perella Weinberg Partners from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Perella Weinberg Partners has a consensus rating of “Hold” and an average target price of $22.25.

About Perella Weinberg Partners

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.