Key Points
- Perella Weinberg Partners CFO Alexandra Gottschalk sold 43,788 shares on May 19 at an average price of $17.58, for about $769,793. After the sale, she still held 86,510 shares, a 33.61% reduction in her position.
- Gottschalk also sold additional shares recently, including 14,018 shares on May 20 and 51,671 shares on May 5, signaling continued insider selling activity.
- PWP reported weaker-than-expected quarterly results, with EPS of $0.05 versus the $0.16 estimate and revenue of $148.92 million below expectations. The company also announced a quarterly dividend of $0.07 per share, yielding 1.6%.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) CFO Alexandra Gottschalk sold 14,018 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $17.46, for a total transaction of $244,754.28. Following the transaction, the chief financial officer owned 72,492 shares of the company's stock, valued at $1,265,710.32. The trade was a 16.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Alexandra Gottschalk also recently made the following trade(s):
- On Tuesday, May 19th, Alexandra Gottschalk sold 43,788 shares of Perella Weinberg Partners stock. The stock was sold at an average price of $17.58, for a total transaction of $769,793.04.
- On Tuesday, May 5th, Alexandra Gottschalk sold 51,671 shares of Perella Weinberg Partners stock. The stock was sold at an average price of $19.74, for a total transaction of $1,019,985.54.
Perella Weinberg Partners Price Performance
Shares of PWP opened at $17.71 on Thursday. The firm has a 50-day moving average of $18.87 and a 200-day moving average of $19.18. Perella Weinberg Partners has a one year low of $15.74 and a one year high of $25.92. The company has a market cap of $1.65 billion, a PE ratio of 73.79 and a beta of 1.74.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.11). Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%. The firm had revenue of $148.92 million during the quarter, compared to the consensus estimate of $158.82 million.
Perella Weinberg Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 1st. Perella Weinberg Partners's dividend payout ratio (DPR) is 116.67%.
Hedge Funds Weigh In On Perella Weinberg Partners
A number of hedge funds have recently bought and sold shares of the business. Arizona State Retirement System increased its position in Perella Weinberg Partners by 3.4% during the third quarter. Arizona State Retirement System now owns 17,814 shares of the company's stock worth $380,000 after acquiring an additional 583 shares during the period. Kennedy Capital Management LLC increased its position in Perella Weinberg Partners by 1.2% during the fourth quarter. Kennedy Capital Management LLC now owns 57,646 shares of the company's stock worth $997,000 after acquiring an additional 660 shares during the period. ProShare Advisors LLC increased its position in Perella Weinberg Partners by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 11,366 shares of the company's stock worth $197,000 after acquiring an additional 733 shares during the period. New York State Teachers Retirement System increased its position in Perella Weinberg Partners by 16.6% during the third quarter. New York State Teachers Retirement System now owns 5,510 shares of the company's stock worth $117,000 after acquiring an additional 786 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in Perella Weinberg Partners by 10.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,138 shares of the company's stock worth $175,000 after acquiring an additional 997 shares during the period. 41.07% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Citizens Jmp decreased their price objective on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a "market outperform" rating for the company in a research report on Friday, April 10th. Keefe, Bruyette & Woods increased their price objective on shares of Perella Weinberg Partners from $21.00 to $23.50 and gave the company an "outperform" rating in a research report on Monday, May 4th. Weiss Ratings lowered shares of Perella Weinberg Partners from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, May 6th. The Goldman Sachs Group increased their price objective on shares of 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, Wall Street Zen raised shares of Perella Weinberg Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Perella Weinberg Partners has an average rating of "Hold" and an average price target of $23.50.
Check Out Our Latest Stock Analysis on Perella Weinberg Partners
Perella Weinberg Partners Company Profile
(
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.
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