Perella Weinberg Partners (NASDAQ:PWP) CFO Sells $769,793.04 in Stock

Perella Weinberg Partners (NASDAQ:PWP) CFO Alexandra Gottschalk sold 43,788 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $17.58, for a total value of $769,793.04. Following the sale, the chief financial officer directly owned 86,510 shares in the company, valued at $1,520,845.80. This trade represents a 33.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alexandra Gottschalk also recently made the following trade(s):

• On Wednesday, May 20th, Alexandra Gottschalk sold 14,018 shares of Perella Weinberg Partners stock. The shares were sold at an average price of $17.46, for a total value of $244,754.28.
• On Tuesday, May 5th, Alexandra Gottschalk sold 51,671 shares of Perella Weinberg Partners stock. The shares were sold at an average price of $19.74, for a total value of $1,019,985.54.

Perella Weinberg Partners Stock Up 1.7%

Shares of PWP opened at $18.68 on Friday. The company has a market cap of $1.74 billion, a PE ratio of 77.83 and a beta of 1.74. The business has a fifty day moving average of $18.94 and a 200 day moving average of $19.17. Perella Weinberg Partners has a 52-week low of $15.74 and a 52-week high of $25.92.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). The firm had revenue of $148.92 million for the quarter, compared to analysts’ expectations of $158.82 million. Perella Weinberg Partners had a negative return on equity of 19.90% and a net margin of 2.82%.

Perella Weinberg Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 1st. Perella Weinberg Partners’s payout ratio is presently 116.67%.

Hedge Funds Weigh In On Perella Weinberg Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in PWP. Adage Capital Partners GP L.L.C. grew its position in shares of Perella Weinberg Partners by 73.5% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock worth $60,911,000 after buying an additional 1,328,312 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of Perella Weinberg Partners by 57.2% during the 3rd quarter. William Blair Investment Management LLC now owns 3,566,511 shares of the company’s stock worth $76,038,000 after buying an additional 1,298,246 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Perella Weinberg Partners by 79.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,575,063 shares of the company’s stock worth $30,588,000 after buying an additional 698,021 shares in the last quarter. Nuveen LLC grew its position in shares of Perella Weinberg Partners by 29.2% during the 4th quarter. Nuveen LLC now owns 2,861,405 shares of the company’s stock worth $49,502,000 after buying an additional 646,143 shares in the last quarter. Finally, Boston Partners grew its position in shares of Perella Weinberg Partners by 82.5% during the 4th quarter. Boston Partners now owns 1,378,939 shares of the company’s stock worth $23,860,000 after buying an additional 623,330 shares in the last quarter. Institutional investors own 41.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wall Street Zen raised Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Keefe, Bruyette & Woods upped their price objective on Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a research report on Monday, May 4th. Weiss Ratings downgraded Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Citizens Jmp cut their price objective on Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating on the stock in a research report on Friday, April 10th. Finally, The Goldman Sachs Group upped their price objective on Perella Weinberg Partners from $17.50 to $19.50 and gave the company a “sell” rating in a research report on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $23.50.

Perella Weinberg Partners Company Profile

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.