Perella Weinberg Partners $PWP Shares Sold by AlphaQuest LLC

AlphaQuest LLC cut its stake in Perella Weinberg Partners (NASDAQ:PWP) by 97.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,235 shares of the company’s stock after selling 53,281 shares during the period. AlphaQuest LLC’s holdings in Perella Weinberg Partners were worth $26,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new stake in Perella Weinberg Partners in the third quarter worth approximately $53,000. CWM LLC increased its position in shares of Perella Weinberg Partners by 162.4% during the 2nd quarter. CWM LLC now owns 3,936 shares of the company’s stock valued at $76,000 after purchasing an additional 2,436 shares during the period. New York State Teachers Retirement System bought a new stake in shares of Perella Weinberg Partners in the 2nd quarter worth $92,000. Tower Research Capital LLC TRC raised its stake in shares of Perella Weinberg Partners by 460.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after buying an additional 4,232 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Perella Weinberg Partners by 20.9% in the second quarter. Ameritas Investment Partners Inc. now owns 6,225 shares of the company’s stock valued at $121,000 after buying an additional 1,075 shares during the period. Institutional investors and hedge funds own 41.07% of the company’s stock.

Perella Weinberg Partners Stock Performance

Perella Weinberg Partners stock opened at $21.48 on Tuesday. The company has a 50 day moving average price of $20.01 and a 200 day moving average price of $20.24. Perella Weinberg Partners has a 52 week low of $14.12 and a 52 week high of $25.92. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 46.70 and a beta of 1.64.

Perella Weinberg Partners (NASDAQ:PWP) last announced its earnings results on Friday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $219.16 million for the quarter, compared to the consensus estimate of $192.84 million. Perella Weinberg Partners had a net margin of 4.69% and a negative return on equity of 21.97%.

Perella Weinberg Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Tuesday, February 17th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 17th. Perella Weinberg Partners’s dividend payout ratio is 60.87%.

Analysts Set New Price Targets

A number of research firms recently issued reports on PWP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. The Goldman Sachs Group lifted their price objective on shares of Perella Weinberg Partners from $19.00 to $21.50 and gave the stock a “sell” rating in a research note on Monday, February 9th. Wolfe Research set a $21.00 target price on shares of Perella Weinberg Partners in a report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Perella Weinberg Partners from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Perella Weinberg Partners currently has a consensus rating of “Hold” and an average target price of $23.63.

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.