Perella Weinberg Partners (NASDAQ:PWP) Trading Down 8.3% – Time to Sell?

Perella Weinberg Partners (NASDAQ:PWP)’s stock price was down 8.3% on Monday . The stock traded as low as $15.48 and last traded at $15.1830. Approximately 212,974 shares were traded during trading, a decline of 81% from the average daily volume of 1,120,867 shares. The stock had previously closed at $16.56.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PWP shares. The Goldman Sachs Group set a $16.00 price target on shares of Perella Weinberg Partners in a report on Friday, June 12th. Citizens Jmp cut their price objective 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. Keefe, Bruyette & Woods upped their target price on Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded Perella Weinberg Partners from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Perella Weinberg Partners presently has a consensus rating of “Hold” and a consensus target price of $22.62.

Perella Weinberg Partners Trading Down 7.3%

The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 63.94 and a beta of 1.64. The firm’s 50 day moving average is $18.04 and its two-hundred day moving average is $18.84.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings results on Friday, May 1st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11). The firm had revenue of $148.92 million for the quarter, compared to analyst estimates of $158.82 million. Perella Weinberg Partners had a negative return on equity of 19.90% and a net margin of 2.82%.

Perella Weinberg Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.07 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.28 annualized dividend and a yield of 1.8%. Perella Weinberg Partners’s payout ratio is 116.67%.

Insider Buying and Selling at Perella Weinberg Partners

In other news, CFO Alexandra Gottschalk sold 51,671 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $19.74, for a total transaction of $1,019,985.54. Following the sale, the chief financial officer owned 72,492 shares in the company, valued at $1,430,992.08. This trade represents a 41.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 109,477 shares of company stock worth $2,034,533. Corporate insiders own 26.10% of the company’s stock.

Institutional Trading of Perella Weinberg Partners

Hedge funds have recently added to or reduced their stakes in the business. Adage Capital Partners GP L.L.C. increased its stake in shares of Perella Weinberg Partners by 73.5% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock valued at $60,911,000 after acquiring an additional 1,328,312 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Perella Weinberg Partners by 57.2% in the third quarter. William Blair Investment Management LLC now owns 3,566,511 shares of the company’s stock worth $76,038,000 after acquiring an additional 1,298,246 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Perella Weinberg Partners by 79.6% in the second quarter. Ameriprise Financial Inc. now owns 1,575,063 shares of the company’s stock valued at $30,588,000 after purchasing an additional 698,021 shares during the period. Nuveen LLC grew its holdings in Perella Weinberg Partners by 29.2% in the fourth quarter. Nuveen LLC now owns 2,861,405 shares of the company’s stock valued at $49,502,000 after purchasing an additional 646,143 shares during the period. Finally, Boston Partners increased its position in Perella Weinberg Partners by 82.5% during the fourth quarter. Boston Partners now owns 1,378,939 shares of the company’s stock worth $23,860,000 after purchasing an additional 623,330 shares during the last quarter. 41.07% of the stock is owned by institutional investors and hedge funds.

Perella Weinberg Partners Company Profile

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.