Perella Weinberg Partners (NASDAQ:PWP) Trading Down 4.8% – Should You Sell?

Perella Weinberg Partners (NASDAQ:PWP) traded down 4.8% during trading on Thursday . The stock traded as low as $19.09 and last traded at $18.89. 115,801 shares were traded during trading, a decline of 78% from the average session volume of 536,075 shares. The stock had previously closed at $19.85.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PWP shares. The Goldman Sachs Group reduced their target price on shares of Perella Weinberg Partners from $23.00 to $20.00 and set a “sell” rating for the company in a research note on Friday, March 14th. Keefe, Bruyette & Woods boosted their target price on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, February 10th.

Perella Weinberg Partners Stock Down 5.0 %

The stock has a market capitalization of $1.64 billion, a P/E ratio of -11.95 and a beta of 1.61. The company has a 50-day moving average price of $22.92 and a two-hundred day moving average price of $22.65.

Perella Weinberg Partners (NASDAQ:PWP) last posted 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%.

Perella Weinberg Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a $0.07 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.49%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -17.72%.

Institutional Trading of Perella Weinberg Partners

A number of large investors have recently modified their holdings of PWP. FMR LLC raised its stake in Perella Weinberg Partners by 3.8% in the fourth quarter. FMR LLC now owns 8,181,941 shares of the company’s stock valued at $195,057,000 after purchasing an additional 301,587 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Perella Weinberg Partners by 9.0% in the 4th quarter. Vanguard Group Inc. now owns 3,163,844 shares of the company’s stock worth $75,426,000 after buying an additional 260,319 shares during the last quarter. Azora Capital LP raised its position in shares of Perella Weinberg Partners by 3.4% during the 4th quarter. Azora Capital LP now owns 2,492,789 shares of the company’s stock valued at $59,428,000 after buying an additional 81,747 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Perella Weinberg Partners by 0.8% during the 4th quarter. Westwood Holdings Group Inc. now owns 2,112,393 shares of the company’s stock worth $50,359,000 after acquiring an additional 15,961 shares during the last quarter. Finally, Wasatch Advisors LP lifted its holdings in shares of Perella Weinberg Partners by 13.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,483,429 shares of the company’s stock worth $28,645,000 after acquiring an additional 174,445 shares during the last quarter. Institutional investors own 41.07% of the company’s stock.

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.