Emerald Mutual Fund Advisers Trust Buys 127,489 Shares of Perella Weinberg Partners $PWP

Emerald Mutual Fund Advisers Trust boosted its stake in Perella Weinberg Partners (NASDAQ:PWP) by 34.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 494,652 shares of the company’s stock after acquiring an additional 127,489 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.57% of Perella Weinberg Partners worth $10,546,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in Perella Weinberg Partners in the third quarter worth approximately $53,000. CWM LLC grew its position in shares of Perella Weinberg Partners by 162.4% during the 2nd quarter. CWM LLC now owns 3,936 shares of the company’s stock worth $76,000 after buying an additional 2,436 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Perella Weinberg Partners during the 2nd quarter worth approximately $92,000. Tower Research Capital LLC TRC increased its stake in shares of Perella Weinberg Partners by 460.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock valued at $100,000 after acquiring an additional 4,232 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Perella Weinberg Partners by 20.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,225 shares of the company’s stock valued at $121,000 after acquiring an additional 1,075 shares during the period. Institutional investors own 41.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on PWP shares. Wall Street Zen downgraded Perella Weinberg Partners from a “hold” rating to a “sell” rating in a research note on Sunday, December 14th. Wolfe Research set a $21.00 price objective on Perella Weinberg Partners in a research report on Wednesday, January 7th. The Goldman Sachs Group restated a “sell” rating and issued a $19.00 price objective on shares of Perella Weinberg Partners in a research note on Tuesday. Keefe, Bruyette & Woods lifted their target price on Perella Weinberg Partners from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Wednesday, October 8th. One investment 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 MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.25.

Perella Weinberg Partners Price Performance

Shares of NASDAQ PWP opened at $22.03 on Friday. The stock’s 50-day simple moving average is $18.48 and its two-hundred day simple moving average is $19.98. Perella Weinberg Partners has a twelve month low of $14.12 and a twelve month high of $26.94. The firm has a market capitalization of $1.96 billion, a P/E ratio of 33.38 and a beta of 1.64.

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

Perella Weinberg Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 17th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently 42.42%.

Perella Weinberg Partners Company 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.