Interval Partners LP boosted its position in Perella Weinberg Partners (NASDAQ:PWP – Get Rating) by 43.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 430,037 shares of the company’s stock after buying an additional 130,122 shares during the quarter. Interval Partners LP owned approximately 0.46% of Perella Weinberg Partners worth $4,064,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in Perella Weinberg Partners in the 4th quarter valued at $48,000. Wolverine Asset Management LLC grew its stake in Perella Weinberg Partners by 555.1% in the 1st quarter. Wolverine Asset Management LLC now owns 5,739 shares of the company’s stock valued at $54,000 after buying an additional 4,863 shares during the last quarter. Gyon Technologies Capital Management LP acquired a new position in Perella Weinberg Partners in the 1st quarter valued at $99,000. Sciencast Management LP acquired a new stake in Perella Weinberg Partners in the 1st quarter worth $102,000. Finally, Citigroup Inc. grew its position in Perella Weinberg Partners by 1,846.9% in the 1st quarter. Citigroup Inc. now owns 12,791 shares of the company’s stock worth $121,000 after purchasing an additional 12,134 shares during the last quarter. 45.45% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group raised their price target on shares of Perella Weinberg Partners from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday, August 9th.
Insiders Place Their Bets
Perella Weinberg Partners Price Performance
NASDAQ PWP opened at $7.60 on Friday. The firm has a market capitalization of $656.97 million, a price-to-earnings ratio of -21.71 and a beta of 1.62. The company’s fifty day moving average is $7.04 and its two-hundred day moving average is $7.63. Perella Weinberg Partners has a 52-week low of $5.47 and a 52-week high of $14.45.
Perella Weinberg Partners Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Friday, September 2nd will be given a $0.07 dividend. The ex-dividend date is Thursday, September 1st. This represents a $0.28 annualized dividend and a yield of 3.68%. Perella Weinberg Partners’s dividend payout ratio is -80.00%.
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 advice services related to mission-critical strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, capital raising, structure and restructuring, capital markets advisory, energy underwriting, and equity research.
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