SG Americas Securities LLC Takes Position in Perella Weinberg Partners (NASDAQ:PWP)

SG Americas Securities LLC bought a new stake in shares of Perella Weinberg Partners (NASDAQ:PWP) during the fourth quarter, HoldingsChannel.com reports. The fund bought 11,189 shares of the company’s stock, valued at approximately $137,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Perella Weinberg Partners in the 1st quarter valued at $35,000. Quantbot Technologies LP acquired a new position in shares of Perella Weinberg Partners in the 3rd quarter valued at $62,000. Legato Capital Management LLC acquired a new position in shares of Perella Weinberg Partners in the 2nd quarter valued at $89,000. Jane Street Group LLC acquired a new position in shares of Perella Weinberg Partners in the 3rd quarter valued at $69,000. Finally, Walleye Capital LLC acquired a new position in shares of Perella Weinberg Partners in the 1st quarter valued at $113,000. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Stock Performance

Shares of PWP opened at $15.15 on Wednesday. Perella Weinberg Partners has a fifty-two week low of $6.80 and a fifty-two week high of $16.07. The company has a market capitalization of $1.31 billion, a P/E ratio of -11.48 and a beta of 1.59. The business’s 50-day moving average is $13.77 and its two-hundred day moving average is $12.03.

Perella Weinberg Partners (NASDAQ:PWP) last posted its earnings results on Thursday, February 8th. The company reported $0.08 EPS for the quarter. Perella Weinberg Partners had a positive return on equity of 34.39% and a negative net margin of 2.66%. The firm had revenue of $212.68 million for the quarter.

Perella Weinberg Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Tuesday, February 27th. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -21.21%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a “sell” rating and set a $11.50 price target (down from $14.00) on shares of Perella Weinberg Partners in a research report on Tuesday, January 9th. JMP Securities increased their price target on Perella Weinberg Partners from $18.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $16.00 price target on shares of Perella Weinberg Partners in a research report on Monday, January 29th.

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.