Perella Weinberg Partners $PWP Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 97.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,235 shares of the company’s stock after selling 53,281 shares during the period. AlphaQuest LLC’s holdings in Perella Weinberg Partners were worth $26,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PWP. Emerald Advisers LLC lifted its position in shares of Perella Weinberg Partners by 41.4% during the third quarter. Emerald Advisers LLC now owns 803,654 shares of the company’s stock worth $17,134,000 after purchasing an additional 235,448 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in Perella Weinberg Partners during the second quarter valued at approximately $28,019,000. Calamos Advisors LLC acquired a new stake in Perella Weinberg Partners during the third quarter valued at approximately $1,696,000. Geode Capital Management LLC lifted its holdings in Perella Weinberg Partners by 10.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,490,650 shares of the company’s stock worth $28,952,000 after buying an additional 146,352 shares during the last quarter. Finally, Walleye Capital LLC grew its position 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 acquiring an additional 621,570 shares in the last quarter. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PWP shares. Wolfe Research set a $21.00 price target on Perella Weinberg Partners in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Thursday, January 22nd. The Goldman Sachs Group increased their target price on shares of Perella Weinberg Partners from $19.00 to $21.50 and gave the stock a “sell” rating in a report on Monday, February 9th. Wall Street Zen upgraded shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Perella Weinberg Partners from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.63.

Perella Weinberg Partners Price Performance

Shares of PWP stock opened at $21.48 on Tuesday. Perella Weinberg Partners has a 12-month low of $14.12 and a 12-month high of $25.92. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 46.70 and a beta of 1.64. The business has a 50 day simple moving average of $20.01 and a 200 day simple moving average of $20.24.

Perella Weinberg Partners (NASDAQ:PWP) last announced its earnings results on Friday, February 6th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. Perella Weinberg Partners had a negative return on equity of 21.97% and a net margin of 4.69%.The firm had revenue of $219.16 million for the quarter, compared to the consensus estimate of $192.84 million.

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Tuesday, February 17th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.28 annualized dividend and a yield of 1.3%. Perella Weinberg Partners’s dividend payout ratio is presently 60.87%.

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.