Simplicity Solutions LLC Acquires 2,436 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Simplicity Solutions LLC boosted its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP) by 15.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,572 shares of the company’s stock after purchasing an additional 2,436 shares during the period. Simplicity Solutions LLC’s holdings in Perella Weinberg Partners were worth $227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC raised its position in Perella Weinberg Partners by 15.1% during the fourth quarter. Bleakley Financial Group LLC now owns 18,572 shares of the company’s stock valued at $227,000 after acquiring an additional 2,436 shares in the last quarter. Allworth Financial LP bought a new position in Perella Weinberg Partners during the fourth quarter valued at approximately $44,000. SG Americas Securities LLC bought a new position in Perella Weinberg Partners during the fourth quarter valued at approximately $137,000. Harbor Capital Advisors Inc. grew its holdings in Perella Weinberg Partners by 12.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 22,268 shares of the company’s stock valued at $272,000 after purchasing an additional 2,474 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Perella Weinberg Partners by 21.6% during the third quarter. Deutsche Bank AG now owns 33,447 shares of the company’s stock valued at $340,000 after purchasing an additional 5,943 shares during the last quarter. Institutional investors own 41.07% of the company’s stock.

Wall Street Analyst Weigh In

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

Perella Weinberg Partners Stock Performance

Shares of NASDAQ PWP opened at $15.29 on Friday. The stock has a market cap of $1.32 billion, a PE ratio of -11.58 and a beta of 1.59. The business has a fifty day moving average of $13.94 and a two-hundred day moving average of $12.13. Perella Weinberg Partners has a 52-week low of $6.80 and a 52-week high of $16.07.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.08 earnings per share (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 company had revenue of $212.68 million during the quarter.

Perella Weinberg Partners Dividend Announcement

The business 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. The ex-dividend date was Tuesday, February 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.83%. Perella Weinberg Partners’s payout ratio is currently -21.21%.

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.