Trexquant Investment LP Purchases 124,526 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Trexquant Investment LP raised its position in shares of Perella Weinberg Partners (NASDAQ:PWP) by 661.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 143,350 shares of the company’s stock after purchasing an additional 124,526 shares during the quarter. Trexquant Investment LP’s holdings in Perella Weinberg Partners were worth $3,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC purchased a new position in shares of Perella Weinberg Partners in the fourth quarter worth $64,000. Meeder Asset Management Inc. purchased a new position in Perella Weinberg Partners in the 4th quarter worth about $179,000. Y Intercept Hong Kong Ltd bought a new position in Perella Weinberg Partners during the 3rd quarter valued at about $214,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Perella Weinberg Partners during the 4th quarter valued at about $248,000. Finally, Aigen Investment Management LP bought a new stake in shares of Perella Weinberg Partners in the fourth quarter worth approximately $311,000. 41.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PWP. Keefe, Bruyette & Woods lifted their target price on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group cut their price objective on Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating for the company in a report on Wednesday, April 2nd.

Perella Weinberg Partners Trading Down 6.4 %

Shares of NASDAQ PWP opened at $15.89 on Monday. Perella Weinberg Partners has a 12-month low of $11.68 and a 12-month high of $27.03. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -10.06 and a beta of 1.68. The firm has a 50 day moving average of $21.84 and a 200 day moving average of $22.67.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share (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 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. This represents a $0.28 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Tuesday, February 18th. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently -17.72%.

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.