Insider Buying: PJT Partners Inc (PJT) Director Purchases 2,600 Shares of Stock

PJT Partners Inc (NYSE:PJT) Director James Costos bought 2,600 shares of the stock in a transaction dated Friday, March 17th. The shares were purchased at an average cost of $38.26 per share, for a total transaction of $99,476.00. Following the completion of the transaction, the director now directly owns 2,600 shares of the company’s stock, valued at $99,476. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of PJT Partners Inc (NYSE:PJT) traded down 1.73% during trading on Monday, hitting $36.86. The stock had a trading volume of 96,984 shares. The firm has a 50 day moving average price of $35.97 and a 200-day moving average price of $30.33. PJT Partners Inc has a 52 week low of $19.96 and a 52 week high of $38.86. The stock’s market capitalization is $682.54 million.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.22. The business had revenue of $173.50 million for the quarter, compared to analysts’ expectations of $103.80 million. PJT Partners had a positive return on equity of 215.12% and a negative net margin of 0.61%. On average, equities research analysts forecast that PJT Partners Inc will post $1.60 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for PJT Partners (NYSE:PJT)

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, March 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. PJT Partners’s dividend payout ratio (DPR) is currently -105.26%.

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PJT has been the topic of a number of research reports. TheStreet lowered PJT Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, November 23rd. Bank of America Corp initiated coverage on PJT Partners in a research report on Wednesday, December 14th. They set a “neutral” rating and a $34.00 target price on the stock. Finally, Zacks Investment Research raised PJT Partners from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Wednesday, February 15th.

About PJT Partners

PJT Partners Inc is an advisory-focused investment bank. The Company offers strategic advisory, restructuring and special situations and fund placement, and secondary advisory services to corporations, financial sponsors and governments. Its segment includes activities providing strategic advisory, restructuring and special situations and fund placement and secondary advisory services.

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