Perella Weinberg Partners (NASDAQ:PWP) Trading Down 5.4% After Earnings Miss

Shares of Perella Weinberg Partners (NASDAQ:PWP) fell 5.4% on Monday following a weaker than expected earnings announcement. The company traded as low as $19.48 and last traded at $19.4950. 75,716 shares traded hands during trading, a decline of 92% from the average session volume of 961,694 shares. The stock had previously closed at $20.61.

The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). Perella Weinberg Partners had a negative return on equity of 18.01% and a net margin of 2.82%.The company had revenue of $148.92 million during the quarter, compared to the consensus estimate of $158.82 million.

Perella Weinberg Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 1st. Perella Weinberg Partners’s payout ratio is 116.67%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PWP. Wall Street Zen raised Perella Weinberg Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. 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. Wolfe Research set a $21.00 price objective on Perella Weinberg Partners in a research report on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of Perella Weinberg Partners in a research report on Tuesday, April 21st. Finally, Citizens Jmp reduced their price target on Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a research report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $23.50.

Institutional Investors Weigh In On Perella Weinberg Partners

A number of institutional investors and hedge funds have recently modified their holdings of PWP. Los Angeles Capital Management LLC bought a new stake in shares of Perella Weinberg Partners during the 4th quarter worth approximately $45,000. State of Alaska Department of Revenue purchased a new position in shares of Perella Weinberg Partners in the 3rd quarter valued at $53,000. Torren Management LLC purchased a new position in shares of Perella Weinberg Partners in the 4th quarter valued at $62,000. Kemnay Advisory Services Inc. purchased a new position in shares of Perella Weinberg Partners in the 4th quarter valued at $86,000. Finally, Tower Research Capital LLC TRC grew its stake in Perella Weinberg Partners by 460.5% during 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 during the last quarter. 41.07% of the stock is owned by institutional investors.

Perella Weinberg Partners Stock Performance

The company has a 50 day moving average of $18.96 and a two-hundred day moving average of $19.28. The stock has a market capitalization of $1.77 billion, a PE ratio of 81.03 and a beta of 1.74.

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.