Lighthouse Investment Partners LLC Acquires New Shares in Perella Weinberg Partners $PWP

Lighthouse Investment Partners LLC bought a new stake in shares of Perella Weinberg Partners (NASDAQ:PWP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 208,034 shares of the company’s stock, valued at approximately $4,435,000. Lighthouse Investment Partners LLC owned about 0.23% of Perella Weinberg Partners at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. William Blair Investment Management LLC boosted its position in shares of Perella Weinberg Partners by 57.2% during the third quarter. William Blair Investment Management LLC now owns 3,566,511 shares of the company’s stock valued at $76,038,000 after buying an additional 1,298,246 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in Perella Weinberg Partners by 73.5% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock worth $60,911,000 after buying an additional 1,328,312 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Perella Weinberg Partners by 79.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,575,063 shares of the company’s stock valued at $30,588,000 after acquiring an additional 698,021 shares during the period. Geode Capital Management LLC lifted its stake in Perella Weinberg Partners by 10.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,490,650 shares of the company’s stock valued at $28,952,000 after acquiring an additional 146,352 shares during the period. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of Perella Weinberg Partners during the 2nd quarter valued at about $28,019,000. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Thursday, January 22nd. The Goldman Sachs Group lowered their price target on Perella Weinberg Partners from $21.50 to $18.50 and set a “sell” rating on the stock in a report on Thursday, March 12th. Wolfe Research set a $21.00 price objective on Perella Weinberg Partners in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods increased their target price on Perella Weinberg Partners from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Monday, February 9th. Finally, Wall Street Zen upgraded Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Perella Weinberg Partners presently has a consensus rating of “Hold” and an average price target of $22.88.

Perella Weinberg Partners Price Performance

Shares of PWP stock opened at $16.81 on Tuesday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 36.54 and a beta of 1.69. Perella Weinberg Partners has a 1 year low of $14.12 and a 1 year high of $25.92. The firm has a fifty day moving average price of $20.31 and a 200-day moving average price of $19.74.

Perella Weinberg Partners (NASDAQ:PWP) last announced its earnings results on Friday, February 6th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $219.16 million for the quarter, compared to analysts’ expectations of $192.84 million. Perella Weinberg Partners had a negative return on equity of 25.81% and a net margin of 4.69%.

Perella Weinberg Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Tuesday, February 17th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. Perella Weinberg Partners’s dividend payout ratio (DPR) is 60.87%.

Perella Weinberg Partners Profile

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.