Perella Weinberg Partners (NASDAQ:PWP) CFO Sells $244,754.28 in Stock

Perella Weinberg Partners (NASDAQ:PWP) CFO Alexandra Gottschalk sold 14,018 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $17.46, for a total transaction of $244,754.28. Following the transaction, the chief financial officer directly owned 72,492 shares of the company’s stock, valued at $1,265,710.32. This represents a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Alexandra Gottschalk also recently made the following trade(s):

• On Tuesday, May 19th, Alexandra Gottschalk sold 43,788 shares of Perella Weinberg Partners stock. The stock was sold at an average price of $17.58, for a total transaction of $769,793.04.
• On Tuesday, May 5th, Alexandra Gottschalk sold 51,671 shares of Perella Weinberg Partners stock. The stock was sold at an average price of $19.74, for a total transaction of $1,019,985.54.

Perella Weinberg Partners Price Performance

Shares of NASDAQ PWP opened at $18.68 on Friday. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 77.83 and a beta of 1.74. Perella Weinberg Partners has a 12 month low of $15.74 and a 12 month high of $25.92. The firm’s 50 day simple moving average is $18.94 and its 200-day simple moving average is $19.17.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently 116.67%.

Wall Street Analyst Weigh In

PWP has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Perella Weinberg Partners from $21.00 to $23.50 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Weiss Ratings cut shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Citizens Jmp dropped their price target on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating on the stock in a research note on Friday, April 10th. Finally, The Goldman Sachs Group lifted their price target on shares of Perella Weinberg Partners from $17.50 to $19.50 and gave the company a “sell” rating in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Perella Weinberg Partners has an average rating of “Hold” and an average target price of $23.50.

Institutional Investors Weigh In On Perella Weinberg Partners

A number of institutional investors have recently added to or reduced their stakes in PWP. Los Angeles Capital Management LLC acquired a new stake in Perella Weinberg Partners in the 4th quarter valued at $45,000. State of Alaska Department of Revenue acquired a new stake in Perella Weinberg Partners in the 3rd quarter valued at $53,000. Torren Management LLC acquired a new stake in Perella Weinberg Partners in the 4th quarter valued at $62,000. Kemnay Advisory Services Inc. purchased a new position in Perella Weinberg Partners in the 4th quarter valued at $86,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Perella Weinberg Partners by 460.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock valued at $100,000 after purchasing an additional 4,232 shares in the last quarter. 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.