Aigen Investment Management LP Buys Shares of 13,046 Perella Weinberg Partners (NASDAQ:PWP)

Aigen Investment Management LP bought a new stake in shares of Perella Weinberg Partners (NASDAQ:PWP) in the 4th quarter, Holdings Channel.com reports. The fund bought 13,046 shares of the company’s stock, valued at approximately $311,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in Perella Weinberg Partners by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 457,759 shares of the company’s stock valued at $10,913,000 after acquiring an additional 23,754 shares in the last quarter. US Bancorp DE boosted its stake in shares of Perella Weinberg Partners by 4.4% during the 4th quarter. US Bancorp DE now owns 17,602 shares of the company’s stock worth $420,000 after purchasing an additional 746 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Perella Weinberg Partners during the 4th quarter worth about $384,000. Bank of New York Mellon Corp boosted its stake in shares of Perella Weinberg Partners by 47.6% during the 4th quarter. Bank of New York Mellon Corp now owns 190,553 shares of the company’s stock worth $4,543,000 after purchasing an additional 61,428 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Perella Weinberg Partners by 952.8% during the 4th quarter. New York State Common Retirement Fund now owns 169,027 shares of the company’s stock worth $4,030,000 after purchasing an additional 152,972 shares during the last quarter. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, 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 research note on Monday, February 10th.

Perella Weinberg Partners Price Performance

Perella Weinberg Partners stock opened at $20.27 on Friday. Perella Weinberg Partners has a 12-month low of $11.68 and a 12-month high of $27.03. The stock has a market capitalization of $1.79 billion, a P/E ratio of -12.83 and a beta of 1.61. The firm’s 50-day moving average is $23.91 and its two-hundred day moving average is $22.63.

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

Perella Weinberg Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.38%. Perella Weinberg Partners’s dividend payout ratio 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.