Perella Weinberg Partners (NASDAQ:PWP) Position Increased by AlphaQuest LLC

AlphaQuest LLC increased its stake in Perella Weinberg Partners (NASDAQ:PWP) by 14,544.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,411 shares of the company’s stock after purchasing an additional 28,217 shares during the period. AlphaQuest LLC’s holdings in Perella Weinberg Partners were worth $677,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PWP. Venturi Wealth Management LLC bought a new stake in shares of Perella Weinberg Partners in the 4th quarter worth approximately $64,000. Intech Investment Management LLC acquired a new stake in Perella Weinberg Partners in the 3rd quarter valued at approximately $197,000. PDT Partners LLC acquired a new stake in Perella Weinberg Partners in the 3rd quarter valued at approximately $210,000. Y Intercept Hong Kong Ltd acquired a new stake in Perella Weinberg Partners in the 3rd quarter valued at approximately $214,000. Finally, Aigen Investment Management LP acquired a new stake in Perella Weinberg Partners in the 4th quarter valued at approximately $311,000. Institutional investors own 41.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their target price on Perella Weinberg Partners from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, February 10th.

Perella Weinberg Partners Price Performance

PWP opened at $19.01 on Wednesday. Perella Weinberg Partners has a 12 month low of $11.68 and a 12 month high of $27.03. The stock has a market cap of $1.65 billion, a P/E ratio of -12.03 and a beta of 1.61. The stock’s 50 day moving average price is $23.71 and its 200 day moving average price is $22.64.

Perella Weinberg Partners (NASDAQ:PWP) last posted its earnings results on Friday, February 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Tuesday, February 18th. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -17.72%.

About Perella Weinberg Partners

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.