Perella Weinberg Partners (NASDAQ:PWP) Sets New 12-Month High at $16.64

Perella Weinberg Partners (NASDAQ:PWP) reached a new 52-week high during trading on Wednesday . The stock traded as high as $16.64 and last traded at $16.57, with a volume of 674730 shares changing hands. The stock had previously closed at $15.78.

Wall Street Analyst Weigh In

Separately, JMP Securities raised their price target on shares of Perella Weinberg Partners from $18.00 to $22.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th.

Perella Weinberg Partners Price Performance

The company’s 50-day simple moving average is $15.14 and its 200-day simple moving average is $13.89. The company has a market cap of $1.56 billion, a price-to-earnings ratio of -8.70 and a beta of 1.50.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings data on Friday, May 3rd. The company reported ($0.10) earnings per share (EPS) for the quarter. Perella Weinberg Partners had a negative net margin of 7.74% and a positive return on equity of 17.87%. The firm had revenue of $102.13 million during the quarter.

Perella Weinberg Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.69%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -15.05%.

Institutional Trading of Perella Weinberg Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its stake in shares of Perella Weinberg Partners by 270.2% in the second quarter. Harbor Capital Advisors Inc. now owns 28,805 shares of the company’s stock worth $468,000 after buying an additional 21,024 shares during the last quarter. Boston Partners increased its stake in Perella Weinberg Partners by 247.7% during the first quarter. Boston Partners now owns 534,968 shares of the company’s stock valued at $7,568,000 after purchasing an additional 381,091 shares during the last quarter. California State Teachers Retirement System increased its stake in Perella Weinberg Partners by 6.0% during the first quarter. California State Teachers Retirement System now owns 45,448 shares of the company’s stock valued at $642,000 after purchasing an additional 2,560 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its stake in Perella Weinberg Partners by 3.1% during the first quarter. Grandeur Peak Global Advisors LLC now owns 521,712 shares of the company’s stock valued at $7,372,000 after purchasing an additional 15,839 shares during the last quarter. Finally, Interval Partners LP bought a new stake in Perella Weinberg Partners during the first quarter valued at $1,309,000. Institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Company Profile

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.