Versor Investments LP Invests $384,000 in Perella Weinberg Partners (NASDAQ:PWP)

Versor Investments LP bought a new position in Perella Weinberg Partners (NASDAQ:PWP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,100 shares of the company’s stock, valued at approximately $384,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of Perella Weinberg Partners by 200.0% during the third quarter. Wellington Management Group LLP now owns 1,157,605 shares of the company’s stock valued at $22,353,000 after buying an additional 771,736 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Perella Weinberg Partners by 175.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 570,719 shares of the company’s stock valued at $11,021,000 after purchasing an additional 363,331 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Perella Weinberg Partners by 197.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company’s stock worth $8,381,000 after acquiring an additional 288,186 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in Perella Weinberg Partners by 32.1% in the third quarter. Eagle Asset Management Inc. now owns 756,540 shares of the company’s stock worth $14,609,000 after purchasing an additional 183,905 shares in the last quarter. Finally, Wasatch Advisors LP lifted its position in Perella Weinberg Partners by 13.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,483,429 shares of the company’s stock valued at $28,645,000 after acquiring an additional 174,445 shares during the period. Institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Price Performance

Shares of NASDAQ:PWP opened at $23.11 on Monday. Perella Weinberg Partners has a 1-year low of $11.68 and a 1-year high of $27.03. The company has a market capitalization of $2.04 billion, a P/E ratio of -14.63 and a beta of 1.59. The firm’s 50 day simple moving average is $24.22 and its two-hundred day simple moving average is $22.60.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.21%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -17.72%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their target price on Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th.

Perella Weinberg Partners Company 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.