Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) CEO Andrew Bednar sold 300,579 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $24.48, for a total transaction of $7,358,173.92. Following the transaction, the chief executive officer now owns 566,386 shares in the company, valued at $13,865,129.28. This represents a 34.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Perella Weinberg Partners Price Performance
PWP traded down $0.31 during midday trading on Friday, reaching $25.42. The company's stock had a trading volume of 19,745 shares, compared to its average volume of 425,397. Perella Weinberg Partners has a 1 year low of $10.44 and a 1 year high of $25.96. The stock's 50-day moving average is $20.68 and its 200-day moving average is $18.05.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last issued its earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14. The firm had revenue of $278.20 million for the quarter, compared to the consensus estimate of $196.42 million. Perella Weinberg Partners had a negative net margin of 11.09% and a negative return on equity of 295.65%. The business's revenue was up 100.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share.
Perella Weinberg Partners Announces Dividend
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The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, December 4th. Perella Weinberg Partners's dividend payout ratio (DPR) is presently -11.81%.
Wall Street Analysts Forecast Growth
Separately, JMP Securities upped their price objective on shares of Perella Weinberg Partners from $22.00 to $26.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 9th.
View Our Latest Research Report on Perella Weinberg Partners
Institutional Investors Weigh In On Perella Weinberg Partners
A number of large investors have recently added to or reduced their stakes in PWP. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Perella Weinberg Partners by 122.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,763 shares of the company's stock worth $159,000 after acquiring an additional 5,379 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Perella Weinberg Partners by 16.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,306 shares of the company's stock worth $174,000 after acquiring an additional 1,753 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Perella Weinberg Partners during the 3rd quarter worth $197,000. PDT Partners LLC purchased a new position in shares of Perella Weinberg Partners during the 3rd quarter worth $210,000. Finally, Arizona State Retirement System boosted its stake in shares of Perella Weinberg Partners by 15.3% during the 2nd quarter. Arizona State Retirement System now owns 13,020 shares of the company's stock worth $212,000 after acquiring an additional 1,724 shares during the last quarter. Institutional investors own 41.07% of the company's stock.
Perella Weinberg Partners Company Profile
(
Get Free Report)
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.
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