Perella Weinberg Partners (NASDAQ:PWP) Shares Purchased by Walleye Capital LLC

Walleye Capital LLC raised its holdings in shares of Perella Weinberg Partners (NASDAQ:PWPGet Rating) by 87.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 22,359 shares of the company’s stock after acquiring an additional 10,425 shares during the quarter. Walleye Capital LLC’s holdings in Perella Weinberg Partners were worth $130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC lifted its position in Perella Weinberg Partners by 555.1% during the first quarter. Wolverine Asset Management LLC now owns 5,739 shares of the company’s stock valued at $54,000 after buying an additional 4,863 shares in the last quarter. Gyon Technologies Capital Management LP acquired a new position in Perella Weinberg Partners during the first quarter valued at approximately $99,000. Strs Ohio acquired a new position in Perella Weinberg Partners during the second quarter valued at approximately $62,000. Arizona State Retirement System acquired a new position in Perella Weinberg Partners during the second quarter valued at approximately $67,000. Finally, Landscape Capital Management L.L.C. acquired a new position in Perella Weinberg Partners during the second quarter valued at approximately $68,000. 45.45% of the stock is owned by institutional investors and hedge funds.

Perella Weinberg Partners Stock Up 1.1 %

PWP opened at $9.26 on Monday. The firm has a market capitalization of $808.41 million, a P/E ratio of -20.58 and a beta of 1.69. The firm’s 50 day moving average is $7.59 and its 200-day moving average is $7.12. Perella Weinberg Partners has a 52-week low of $5.47 and a 52-week high of $13.22.

Perella Weinberg Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 25th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.02%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -62.22%.

Insider Buying and Selling

In related news, Director Daniel G. Cohen sold 15,252 shares of Perella Weinberg Partners stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $8.30, for a total value of $126,591.60. Following the completion of the sale, the director now owns 764,641 shares in the company, valued at $6,346,520.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Daniel G. Cohen sold 15,252 shares of Perella Weinberg Partners stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $8.30, for a total value of $126,591.60. Following the completion of the sale, the director now owns 764,641 shares in the company, valued at $6,346,520.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel G. Cohen sold 7,903 shares of Perella Weinberg Partners stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $7.75, for a total transaction of $61,248.25. Following the completion of the sale, the director now owns 777,181 shares of the company’s stock, valued at approximately $6,023,152.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,355 shares of company stock worth $189,392. Insiders own 48.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on PWP shares. The Goldman Sachs Group lifted their price objective on shares of Perella Weinberg Partners from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, November 4th. Keefe, Bruyette & Woods lowered shares of Perella Weinberg Partners from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $10.00 to $8.00 in a research note on Monday, September 26th.

Perella Weinberg Partners Profile

(Get Rating)

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 raising, structure and restructuring, capital markets advisory, energy underwriting, and equity research.

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Want to see what other hedge funds are holding PWP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perella Weinberg Partners (NASDAQ:PWPGet Rating).

Institutional Ownership by Quarter for Perella Weinberg Partners (NASDAQ:PWP)

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