Perella Weinberg Partners $PWP Shares Bought by Emerald Advisers LLC

Emerald Advisers LLC lifted its position in Perella Weinberg Partners (NASDAQ:PWP) by 41.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 803,654 shares of the company’s stock after buying an additional 235,448 shares during the period. Emerald Advisers LLC owned approximately 0.92% of Perella Weinberg Partners worth $17,134,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PWP. Westwood Holdings Group Inc. acquired a new position in Perella Weinberg Partners during the second quarter worth about $28,019,000. Adage Capital Partners GP L.L.C. boosted its position in shares of Perella Weinberg Partners by 73.5% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock valued at $60,911,000 after purchasing an additional 1,328,312 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Perella Weinberg Partners by 70.0% in the 2nd quarter. William Blair Investment Management LLC now owns 2,268,265 shares of the company’s stock worth $44,050,000 after purchasing an additional 934,382 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Perella Weinberg Partners by 79.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,575,063 shares of the company’s stock worth $30,588,000 after purchasing an additional 698,021 shares during the last quarter. Finally, Walleye Capital LLC raised its holdings in shares of Perella Weinberg Partners by 82.7% in the 2nd quarter. Walleye Capital LLC now owns 1,372,866 shares of the company’s stock worth $26,661,000 after purchasing an additional 621,570 shares in the last quarter. Institutional investors own 41.07% of the company’s stock.

Wall Street Analyst Weigh In

PWP has been the subject of a number of research reports. Wolfe Research set a $21.00 target price on shares of Perella Weinberg Partners in a report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Perella Weinberg Partners in a research report on Wednesday, October 8th. Wall Street Zen lowered Perella Weinberg Partners from a “hold” rating to a “sell” rating in a research note on Sunday, December 14th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $19.00 target price on shares of Perella Weinberg Partners in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upped their target price on Perella Weinberg Partners from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.25.

Perella Weinberg Partners Trading Up 2.0%

NASDAQ:PWP opened at $22.03 on Thursday. The business’s fifty day moving average price is $18.42 and its 200 day moving average price is $19.97. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 33.38 and a beta of 1.64. Perella Weinberg Partners has a 1-year low of $14.12 and a 1-year high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last released its earnings results on Friday, November 7th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $164.65 million for the quarter, compared to analysts’ expectations of $179.83 million. Perella Weinberg Partners had a net margin of 6.15% and a negative return on equity of 21.55%.

Perella Weinberg Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, November 17th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. Perella Weinberg Partners’s payout ratio is presently 42.42%.

Perella Weinberg Partners Profile

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.