Squarepoint Ops LLC Purchases Shares of 19,628 Perella Weinberg Partners (NASDAQ:PWP)

Squarepoint Ops LLC acquired a new stake in Perella Weinberg Partners (NASDAQ:PWP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,628 shares of the company’s stock, valued at approximately $468,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PWP. Raymond James Financial Inc. bought a new stake in Perella Weinberg Partners during the 4th quarter valued at $18,493,000. Channing Capital Management LLC acquired a new position in Perella Weinberg Partners during the fourth quarter worth about $16,207,000. Franklin Resources Inc. acquired a new stake in Perella Weinberg Partners in the 4th quarter valued at about $13,586,000. Walleye Capital LLC bought a new position in shares of Perella Weinberg Partners during the 4th quarter valued at about $10,307,000. Finally, Cannell & Spears LLC acquired a new position in Perella Weinberg Partners in the fourth quarter worth approximately $8,881,000. Institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Price Performance

PWP opened at $17.50 on Thursday. Perella Weinberg Partners has a fifty-two week low of $13.82 and a fifty-two week high of $27.03. The business has a 50-day moving average of $17.26 and a 200-day moving average of $21.36. The company has a market capitalization of $1.55 billion, a PE ratio of -11.08 and a beta of 1.65.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. The firm had revenue of $211.83 million for the quarter, compared to the consensus estimate of $200.29 million. Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%. During the same quarter in the prior year, the company posted ($0.10) earnings per share.

Perella Weinberg Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.60%. Perella Weinberg Partners’s dividend payout ratio (DPR) is -65.12%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on Perella Weinberg Partners from $16.00 to $18.00 and gave the company a “sell” rating in a research report on Thursday, May 15th. JMP Securities dropped their price target on Perella Weinberg Partners from $33.00 to $29.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their price objective on shares of Perella Weinberg Partners from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, May 12th. Finally, Wall Street Zen lowered shares of Perella Weinberg Partners from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th.

Perella Weinberg Partners 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.