Boothbay Fund Management LLC Has $2.78 Million Stock Holdings in Perella Weinberg Partners $PWP

Boothbay Fund Management LLC decreased its position in Perella Weinberg Partners (NASDAQ:PWP) by 34.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,298 shares of the company’s stock after selling 69,702 shares during the period. Boothbay Fund Management LLC owned 0.15% of Perella Weinberg Partners worth $2,778,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Emerald Advisers LLC raised its stake 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 buying an additional 235,448 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in Perella Weinberg Partners in the second quarter valued at approximately $28,019,000. Calamos Advisors LLC acquired a new stake in Perella Weinberg Partners during the 3rd quarter worth $1,696,000. First Eagle Investment Management LLC grew its holdings in Perella Weinberg Partners by 15.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 467,792 shares of the company’s stock worth $9,973,000 after acquiring an additional 61,714 shares during the period. Finally, Walleye Capital LLC raised its position in shares of Perella Weinberg Partners by 82.7% during the 2nd quarter. Walleye Capital LLC now owns 1,372,866 shares of the company’s stock valued at $26,661,000 after acquiring an additional 621,570 shares during the last quarter. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Perella Weinberg Partners in a research report on Thursday, January 22nd. Wall Street Zen upgraded Perella Weinberg Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. The Goldman Sachs Group cut their target price on Perella Weinberg Partners from $21.50 to $18.50 and set a “sell” rating on the stock in a research note on Thursday, March 12th. Keefe, Bruyette & Woods raised their target price on Perella Weinberg Partners from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Monday, February 9th. Finally, Wolfe Research set a $21.00 target price on Perella Weinberg Partners in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.88.

Perella Weinberg Partners Trading Up 4.5%

Perella Weinberg Partners stock opened at $16.81 on Tuesday. Perella Weinberg Partners has a 1-year low of $14.12 and a 1-year high of $25.92. The company has a fifty day simple moving average of $20.31 and a 200 day simple moving average of $19.74. The company has a market cap of $1.49 billion, a P/E ratio of 36.54 and a beta of 1.69.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Perella Weinberg Partners had a net margin of 4.69% and a negative return on equity of 25.81%. The firm had revenue of $219.16 million for the quarter, compared to analysts’ expectations of $192.84 million.

Perella Weinberg Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Tuesday, February 17th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, February 17th. Perella Weinberg Partners’s dividend payout ratio is presently 60.87%.

About Perella Weinberg Partners

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.