Quantbot Technologies LP Has $1.87 Million Position in Perella Weinberg Partners (NASDAQ:PWP)

Quantbot Technologies LP grew its stake in Perella Weinberg Partners (NASDAQ:PWP) by 109.6% during the fourth quarter, HoldingsChannel reports. The firm owned 78,622 shares of the company’s stock after buying an additional 41,106 shares during the quarter. Quantbot Technologies LP’s holdings in Perella Weinberg Partners were worth $1,874,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PWP. Intech Investment Management LLC acquired a new stake in Perella Weinberg Partners during the 3rd quarter worth approximately $197,000. Charles Schwab Investment Management Inc. boosted its position in Perella Weinberg Partners by 197.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company’s stock worth $8,381,000 after buying an additional 288,186 shares during the period. Eagle Asset Management Inc. boosted its position in Perella Weinberg Partners by 32.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 756,540 shares of the company’s stock worth $14,609,000 after buying an additional 183,905 shares during the period. Algert Global LLC boosted its position in Perella Weinberg Partners by 7.2% during the 3rd quarter. Algert Global LLC now owns 158,646 shares of the company’s stock worth $3,063,000 after buying an additional 10,621 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Perella Weinberg Partners during the 3rd quarter worth approximately $389,000. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on PWP shares. The Goldman Sachs Group cut their target price on shares of Perella Weinberg Partners from $23.00 to $20.00 and set a “sell” rating on the stock in a research report on Friday, March 14th. Keefe, Bruyette & Woods raised their price target on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, February 10th.

Perella Weinberg Partners Stock Performance

Perella Weinberg Partners stock opened at $19.65 on Monday. Perella Weinberg Partners has a 52-week low of $11.68 and a 52-week high of $27.03. The firm has a 50 day moving average price of $23.10 and a two-hundred day moving average price of $22.64. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -12.44 and a beta of 1.61.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.42%. Perella Weinberg Partners’s dividend payout ratio is currently -17.72%.

Perella Weinberg Partners 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.