Interval Partners LP Invests $1.31 Million in Perella Weinberg Partners (NASDAQ:PWP)

Interval Partners LP acquired a new position in Perella Weinberg Partners (NASDAQ:PWP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 92,637 shares of the company’s stock, valued at approximately $1,309,000.

Other large investors have also recently bought and sold shares of the company. Wasatch Advisors LP boosted its holdings in Perella Weinberg Partners by 113.0% in the 1st quarter. Wasatch Advisors LP now owns 1,442,576 shares of the company’s stock valued at $20,384,000 after purchasing an additional 765,461 shares during the period. Russell Investments Group Ltd. increased its position in shares of Perella Weinberg Partners by 17.5% in the first quarter. Russell Investments Group Ltd. now owns 1,114,240 shares of the company’s stock valued at $15,744,000 after acquiring an additional 166,168 shares during the period. Basswood Capital Management L.L.C. boosted its stake in shares of Perella Weinberg Partners by 18.4% during the 4th quarter. Basswood Capital Management L.L.C. now owns 841,307 shares of the company’s stock valued at $10,289,000 after purchasing an additional 130,682 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Perella Weinberg Partners during the 4th quarter valued at about $608,000. Finally, SG Americas Securities LLC bought a new stake in Perella Weinberg Partners during the fourth quarter worth about $137,000. 41.07% of the stock is owned by institutional investors.

Perella Weinberg Partners Stock Performance

Shares of PWP traded up $0.24 during mid-day trading on Wednesday, reaching $19.16. The stock had a trading volume of 114,051 shares, compared to its average volume of 414,377. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -10.37 and a beta of 1.50. Perella Weinberg Partners has a 12 month low of $9.30 and a 12 month high of $19.49. The business has a fifty day moving average of $16.02 and a 200 day moving average of $14.55.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings results on Friday, May 3rd. The company reported ($0.10) earnings per share for the quarter. Perella Weinberg Partners had a positive return on equity of 17.87% and a negative net margin of 7.74%. The firm had revenue of $102.13 million during the quarter.

Perella Weinberg Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were given a dividend of $0.07 per share. The ex-dividend date was Friday, May 24th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.46%. Perella Weinberg Partners’s dividend payout ratio is -15.05%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PWP. JMP Securities boosted their price objective on shares of Perella Weinberg Partners from $18.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Perella Weinberg Partners from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, July 12th.

About Perella Weinberg Partners

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.