Trexquant Investment LP Purchases 124,526 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Trexquant Investment LP increased its position in Perella Weinberg Partners (NASDAQ:PWP) by 661.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,350 shares of the company’s stock after buying an additional 124,526 shares during the quarter. Trexquant Investment LP owned 0.16% of Perella Weinberg Partners worth $3,417,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Perella Weinberg Partners by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,281,969 shares of the company’s stock valued at $30,569,000 after acquiring an additional 24,349 shares during the period. Franklin Resources Inc. purchased a new position in Perella Weinberg Partners during the 4th quarter valued at about $13,586,000. Cannell & Spears LLC bought a new position in Perella Weinberg Partners during the 4th quarter valued at approximately $8,881,000. Meeder Asset Management Inc. purchased a new stake in Perella Weinberg Partners in the 4th quarter worth approximately $179,000. Finally, Wellington Management Group LLP grew its position in shares of Perella Weinberg Partners by 13.7% in the 4th quarter. Wellington Management Group LLP now owns 1,316,562 shares of the company’s stock worth $31,387,000 after buying an additional 158,957 shares during the last quarter. 41.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PWP shares. Keefe, Bruyette & Woods upped their target price on Perella Weinberg Partners from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, February 10th. The Goldman Sachs Group dropped their target price on shares of Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating for the company in a research report on Wednesday, April 2nd.

Perella Weinberg Partners Stock Performance

Shares of NASDAQ:PWP opened at $15.89 on Monday. The firm has a market capitalization of $1.38 billion, a P/E ratio of -10.06 and a beta of 1.68. The stock has a 50 day moving average price of $21.84 and a 200-day moving average price of $22.67. Perella Weinberg Partners has a 52-week low of $11.68 and a 52-week high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share (EPS) 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.76%. 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.