Aigen Investment Management LP purchased a new stake in Perella Weinberg Partners (NASDAQ:PWP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,046 shares of the company's stock, valued at approximately $311,000.
Several other institutional investors have also bought and sold shares of PWP. US Bancorp DE acquired a new stake in Perella Weinberg Partners in the 3rd quarter valued at $325,000. Royce & Associates LP boosted its stake in Perella Weinberg Partners by 14.3% in the third quarter. Royce & Associates LP now owns 1,179,111 shares of the company's stock worth $22,769,000 after purchasing an additional 147,424 shares in the last quarter. Intech Investment Management LLC acquired a new position in Perella Weinberg Partners in the third quarter worth $197,000. Charles Schwab Investment Management Inc. boosted its stake in Perella Weinberg Partners by 197.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company's stock worth $8,381,000 after purchasing an additional 288,186 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in Perella Weinberg Partners by 32.1% in the third quarter. Eagle Asset Management Inc. now owns 756,540 shares of the company's stock worth $14,609,000 after purchasing an additional 183,905 shares in the last quarter. Institutional investors and hedge funds own 41.07% of the company's stock.
Separately, Keefe, Bruyette & Woods boosted their price objective 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.
Check Out Our Latest Report on Perella Weinberg Partners
Perella Weinberg Partners stock traded down $0.36 on Friday, reaching $20.27. The company's stock had a trading volume of 768,759 shares, compared to its average volume of 721,247. The company has a market cap of $1.79 billion, a price-to-earnings ratio of -12.83 and a beta of 1.61. The business's fifty day moving average price is $23.91 and its 200 day moving average price is $22.63. 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 released its earnings results on Friday, February 7th. The company reported $0.26 earnings per share 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%.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.07 per share. 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 1.38%. Perella Weinberg Partners's payout ratio is currently -17.72%.
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.
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