Versor Investments LP bought a new stake in shares of Perella Weinberg Partners (NASDAQ:PWP – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 14,400 shares of the company’s stock, valued at approximately $131,000.
Several other institutional investors and hedge funds also recently made changes to their positions in PWP. Parallel Advisors LLC bought a new stake in shares of Perella Weinberg Partners in the 1st quarter valued at $26,000. Allspring Global Investments Holdings LLC bought a new position in Perella Weinberg Partners during the 4th quarter worth about $64,000. Jane Street Group LLC bought a new position in Perella Weinberg Partners during the 3rd quarter worth about $69,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Perella Weinberg Partners during the 2nd quarter worth about $78,000. Finally, Legal & General Group Plc increased its holdings in Perella Weinberg Partners by 33.5% during the 2nd quarter. Legal & General Group Plc now owns 15,601 shares of the company’s stock worth $91,000 after purchasing an additional 3,911 shares in the last quarter. Institutional investors own 40.55% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. The Goldman Sachs Group increased their target price on Perella Weinberg Partners from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, August 4th. TheStreet downgraded shares of Perella Weinberg Partners from a “c-” rating to a “d+” rating in a research note on Thursday, May 18th.
Perella Weinberg Partners Price Performance
Perella Weinberg Partners stock opened at $10.89 on Friday. The firm has a 50-day moving average of $9.06 and a 200-day moving average of $9.15. Perella Weinberg Partners has a one year low of $6.14 and a one year high of $12.00. The company has a market cap of $932.60 million, a price-to-earnings ratio of -10.57 and a beta of 1.56.
Perella Weinberg Partners Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.57%. Perella Weinberg Partners’s dividend payout ratio is -27.18%.
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 advice services related to mission-critical strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, capital markets advisory, private capital placement, and financing and capital advisory solutions focused on restructuring and liability management, as well as underwriting and research services primarily for the energy and related industries.
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