KLP Kapitalforvaltning AS Takes $248,000 Position in Perella Weinberg Partners (NASDAQ:PWP)

KLP Kapitalforvaltning AS purchased a new position in shares of Perella Weinberg Partners (NASDAQ:PWP) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,400 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds have also recently added to or reduced their stakes in PWP. Venturi Wealth Management LLC bought a new stake in shares of Perella Weinberg Partners during the fourth quarter worth approximately $64,000. Y Intercept Hong Kong Ltd acquired a new stake in Perella Weinberg Partners during the 3rd quarter worth $214,000. Aigen Investment Management LP bought a new stake in shares of Perella Weinberg Partners during the 4th quarter valued at $311,000. Verition Fund Management LLC acquired a new position in shares of Perella Weinberg Partners in the 3rd quarter valued at $333,000. Finally, Versor Investments LP bought a new position in shares of Perella Weinberg Partners in the 4th quarter worth $384,000. Institutional investors own 41.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods increased their target price on Perella Weinberg Partners from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. The Goldman Sachs Group cut their price target on shares of Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Wednesday, April 2nd.

Perella Weinberg Partners Trading Up 1.4 %

Shares of Perella Weinberg Partners stock opened at $16.11 on Tuesday. The stock’s fifty day simple moving average is $21.67 and its 200 day simple moving average is $22.65. The company has a market capitalization of $1.40 billion, a PE ratio of -10.20 and a beta of 1.68. Perella Weinberg Partners has a 12 month low of $11.68 and a 12 month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings results on Friday, February 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%.

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners’s dividend payout ratio is -17.72%.

About Perella Weinberg Partners

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.