Key Points
- CFO Alexandra Gottschalk sold 51,671 shares on May 5 at an average price of $19.74, generating about $1.02M and reducing her holding by 41.62% to 72,492 shares valued at roughly $1.43M.
- Perella Weinberg missed the quarter, reporting $0.05 EPS vs. $0.16 expected and revenue of $148.92M vs. $158.82M, with a 2.82% net margin and a negative 19.9% return on equity.
- The firm declared a $0.07 quarterly dividend (annual $0.28, ~1.5% yield) despite a 116.67% payout ratio, and analysts hold a consensus Hold rating with a $23.50 price target.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) CFO Alexandra Gottschalk sold 51,671 shares of the firm's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $19.74, for a total value of $1,019,985.54. Following the transaction, the chief financial officer owned 72,492 shares of the company's stock, valued at $1,430,992.08. This trade represents a 41.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Perella Weinberg Partners Price Performance
PWP stock opened at $18.83 on Friday. The firm has a market capitalization of $1.73 billion, a P/E ratio of 78.46 and a beta of 1.74. The business's 50-day moving average is $18.94 and its two-hundred day moving average is $19.28. Perella Weinberg Partners has a 1 year low of $15.74 and a 1 year high of $25.92.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.11). The company had revenue of $148.92 million during the quarter, compared to analyst estimates of $158.82 million. Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%.
Perella Weinberg Partners Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. Perella Weinberg Partners's dividend payout ratio (DPR) is currently 116.67%.
Institutional Investors Weigh In On Perella Weinberg Partners
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of Perella Weinberg Partners by 45.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 852,987 shares of the company's stock worth $15,488,000 after acquiring an additional 267,859 shares in the last quarter. Swiss National Bank raised its position in shares of Perella Weinberg Partners by 4.4% during the 1st quarter. Swiss National Bank now owns 131,900 shares of the company's stock worth $2,395,000 after acquiring an additional 5,600 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Perella Weinberg Partners by 1.4% during the 1st quarter. Bank of New York Mellon Corp now owns 237,570 shares of the company's stock worth $4,314,000 after acquiring an additional 3,236 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in shares of Perella Weinberg Partners by 14.9% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 621,774 shares of the company's stock worth $11,291,000 after acquiring an additional 80,490 shares in the last quarter. Finally, Emerald Advisers LLC raised its position in shares of Perella Weinberg Partners by 3.2% during the 1st quarter. Emerald Advisers LLC now owns 1,019,869 shares of the company's stock worth $18,521,000 after acquiring an additional 31,163 shares in the last quarter. Institutional investors and hedge funds own 41.07% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on Perella Weinberg Partners from $21.00 to $23.50 and gave the company an "outperform" rating in a research report on Monday. Citizens Jmp reduced their price target on Perella Weinberg Partners from $32.00 to $30.00 and set a "market outperform" rating on the stock in a research report on Friday, April 10th. Wall Street Zen raised Perella Weinberg Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. The Goldman Sachs Group increased their price target on Perella Weinberg Partners from $17.50 to $19.50 and gave the company a "sell" rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings lowered Perella Weinberg Partners from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $23.50.
View Our Latest Research Report on PWP
About Perella Weinberg Partners
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
