Perella Weinberg Partners (NASDAQ:PWP) CFO Sells $244,754.28 in Stock

by · The Cerbat Gem

Perella Weinberg Partners (NASDAQ:PWPGet Free Report) CFO Alexandra Gottschalk sold 14,018 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $17.46, for a total value of $244,754.28. Following the transaction, the chief financial officer directly owned 72,492 shares of the company’s stock, valued at approximately $1,265,710.32. This represents a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 value 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 value of $1,019,985.54.

Perella Weinberg Partners Stock Performance

Shares of NASDAQ:PWP traded up $0.28 on Wednesday, hitting $17.71. 821,914 shares of the company’s stock were exchanged, compared to its average volume of 1,269,774. The company has a market capitalization of $1.65 billion, a PE ratio of 73.79 and a beta of 1.74. Perella Weinberg Partners has a 1-year low of $15.74 and a 1-year high of $25.92. The firm’s 50-day moving average is $18.87 and its 200 day moving average is $19.18.

Perella Weinberg Partners (NASDAQ:PWPGet Free Report) last announced its earnings results on Friday, May 1st. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). The firm had revenue of $148.92 million during the quarter, compared to analyst estimates of $158.82 million. Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%.

Perella Weinberg Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. Perella Weinberg Partners’s dividend payout ratio is 116.67%.

Institutional Trading of Perella Weinberg Partners

A number of hedge funds have recently added to or reduced their stakes in PWP. AQR Capital Management LLC lifted its position in Perella Weinberg Partners by 79.1% during the 1st quarter. AQR Capital Management LLC now owns 23,435 shares of the company’s stock worth $431,000 after acquiring an additional 10,350 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Perella Weinberg Partners by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock worth $566,000 after acquiring an additional 1,342 shares during the period. Jane Street Group LLC acquired a new stake in Perella Weinberg Partners during the 1st quarter worth approximately $2,577,000. Legal & General Group Plc lifted its position in Perella Weinberg Partners by 24.3% during the 2nd quarter. Legal & General Group Plc now owns 59,874 shares of the company’s stock worth $1,163,000 after acquiring an additional 11,693 shares during the period. Finally, Rhumbline Advisers lifted its position in Perella Weinberg Partners by 12.1% during the 2nd quarter. Rhumbline Advisers now owns 81,588 shares of the company’s stock worth $1,584,000 after acquiring an additional 8,787 shares during the period. 41.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PWP shares. Keefe, Bruyette & Woods upped their target price on Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a research report on Monday, May 4th. Wall Street Zen raised Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. The Goldman Sachs Group upped their target price on Perella Weinberg Partners from $17.50 to $19.50 and gave the company a “sell” rating in a research report on Tuesday, April 14th. Citizens Jmp decreased their target price on 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. Finally, Weiss Ratings cut Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.50.

Read Our Latest Stock Analysis on Perella Weinberg Partners

About Perella Weinberg Partners

(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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