Perella Weinberg Partners (NASDAQ:PWP) Sets New 1-Year High at $18.52

Perella Weinberg Partners (NASDAQ:PWP)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $18.52 and last traded at $18.37, with a volume of 397711 shares changing hands. The stock had previously closed at $17.97.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PWP shares. Keefe, Bruyette & Woods boosted their price target on shares of Perella Weinberg Partners from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday. JMP Securities boosted their price target on shares of Perella Weinberg Partners from $18.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th.

Perella Weinberg Partners Trading Up 1.6 %

The business’s fifty day moving average is $15.34 and its 200 day moving average is $14.03. The firm has a market capitalization of $1.72 billion, a P/E ratio of -9.82 and a beta of 1.50.

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

Perella Weinberg Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, May 24th. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently -15.05%.

Hedge Funds Weigh In On Perella Weinberg Partners

A number of hedge funds have recently modified their holdings of PWP. SG Americas Securities LLC acquired a new position in Perella Weinberg Partners during the fourth quarter worth $137,000. Allworth Financial LP bought a new stake in Perella Weinberg Partners during the fourth quarter valued at about $44,000. Bleakley Financial Group LLC boosted its holdings in Perella Weinberg Partners by 15.1% during the fourth quarter. Bleakley Financial Group LLC now owns 18,572 shares of the company’s stock valued at $227,000 after acquiring an additional 2,436 shares during the period. Simplicity Solutions LLC lifted its stake in shares of Perella Weinberg Partners by 15.1% in the fourth quarter. Simplicity Solutions LLC now owns 18,572 shares of the company’s stock valued at $227,000 after buying an additional 2,436 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Perella Weinberg Partners by 21.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,681 shares of the company’s stock valued at $131,000 after buying an additional 1,855 shares during the period. 41.07% of the stock is owned by institutional investors and hedge funds.

Perella Weinberg Partners Company Profile

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.