Perella Weinberg Partners (NASDAQ:PWP) Stock Price Down 4.5% – Time to Sell?

Perella Weinberg Partners (NASDAQ:PWP) shares fell 4.5% during mid-day trading on Monday . The stock traded as low as $16.60 and last traded at $16.85. Approximately 167,961 shares traded hands during trading, a decline of 85% from the average session volume of 1,131,399 shares. The stock had previously closed at $17.65.

Analysts Set New Price Targets

PWP has been the subject of a number of research reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $21.00 target price (up from $19.00) on shares of Perella Weinberg Partners in a report on Monday. The Goldman Sachs Group boosted their price target on shares of Perella Weinberg Partners from $14.50 to $16.00 and gave the stock a “sell” rating in a research report on Monday. Citizens Jmp dropped their price objective on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a research note on Friday, April 10th. Finally, Weiss Ratings cut shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Perella Weinberg Partners currently has a consensus rating of “Hold” and an average target price of $22.00.

Perella Weinberg Partners Trading Down 0.7%

The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 65.58 and a beta of 1.64. The stock’s fifty day moving average price is $15.98 and its 200-day moving average price is $18.42.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings data on Friday, July 31st. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.14. The firm had revenue of $156.53 million for the quarter, compared to analysts’ expectations of $144.76 million. Perella Weinberg Partners had a negative return on equity of 35.84% and a net margin of 3.19%.

Perella Weinberg Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 28th. Perella Weinberg Partners’s dividend payout ratio is 107.69%.

Insider Buying and Selling at Perella Weinberg Partners

In other news, CFO Alexandra Gottschalk sold 43,788 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $17.58, for a total transaction of $769,793.04. Following the completion of the transaction, the chief financial officer directly owned 86,510 shares in the company, valued at approximately $1,520,845.80. This represents a 33.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 26.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new position in Perella Weinberg Partners during the fourth quarter worth about $45,000. Torren Management LLC acquired a new position in shares of Perella Weinberg Partners in the 4th quarter worth approximately $62,000. Kemnay Advisory Services Inc. acquired a new position in shares of Perella Weinberg Partners in the 4th quarter worth approximately $86,000. Tower Research Capital LLC TRC boosted its position in shares of Perella Weinberg Partners by 460.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after purchasing an additional 4,232 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Perella Weinberg Partners by 24.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,852 shares of the company’s stock worth $124,000 after purchasing an additional 1,338 shares during the period. Institutional investors and hedge funds own 41.07% of the company’s stock.

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.