Perella Weinberg Partners to Issue Quarterly Dividend of $0.07 (NASDAQ:PWP)

Perella Weinberg Partners (NASDAQ:PWP) announced a quarterly dividend on Friday, November 7th. Stockholders of record on Monday, November 17th will be paid a dividend of 0.07 per share on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 17th.

Perella Weinberg Partners has a dividend payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings.

Perella Weinberg Partners Trading Down 4.4%

Shares of NASDAQ:PWP traded down $0.83 during mid-day trading on Friday, reaching $18.02. The company had a trading volume of 2,389,661 shares, compared to its average volume of 972,687. Perella Weinberg Partners has a one year low of $14.12 and a one year high of $27.03. The company’s 50-day moving average price is $20.70 and its 200-day moving average price is $19.83. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 21.98 and a beta of 1.63.

Perella Weinberg Partners (NASDAQ:PWP) last released its earnings results on Friday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Perella Weinberg Partners had a negative return on equity of 26.14% and a net margin of 6.57%.The firm had revenue of $164.65 million during the quarter, compared to analysts’ expectations of $179.83 million.

Institutional Trading of Perella Weinberg Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arizona State Retirement System grew 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 valued at $380,000 after acquiring an additional 583 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Perella Weinberg Partners by 16.6% in the 3rd quarter. New York State Teachers Retirement System now owns 5,510 shares of the company’s stock valued at $117,000 after purchasing an additional 786 shares in the last quarter. US Bancorp DE raised its position in Perella Weinberg Partners by 5.8% in the 1st quarter. US Bancorp DE now owns 18,623 shares of the company’s stock worth $343,000 after purchasing an additional 1,021 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Perella Weinberg Partners by 20.9% in the second quarter. Ameritas Investment Partners Inc. now owns 6,225 shares of the company’s stock worth $121,000 after purchasing an additional 1,075 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in Perella Weinberg Partners by 11.6% during the second quarter. ProShare Advisors LLC now owns 12,502 shares of the company’s stock valued at $243,000 after buying an additional 1,303 shares during the period. Hedge funds and other institutional investors own 41.07% of the company’s stock.

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.