Royce & Associates LP Has $25.27 Million Stock Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Royce & Associates LP cut its position in shares of Perella Weinberg Partners (NASDAQ:PWP) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,060,058 shares of the company’s stock after selling 119,053 shares during the period. Royce & Associates LP’s holdings in Perella Weinberg Partners were worth $25,272,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Azora Capital LP increased its stake in shares of Perella Weinberg Partners by 4.8% during the 3rd quarter. Azora Capital LP now owns 2,411,042 shares of the company’s stock worth $46,557,000 after purchasing an additional 110,370 shares during the last quarter. Wasatch Advisors LP grew its stake in Perella Weinberg Partners by 13.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,483,429 shares of the company’s stock valued at $28,645,000 after buying an additional 174,445 shares during the last quarter. State Street Corp grew its stake in Perella Weinberg Partners by 4.5% in the 3rd quarter. State Street Corp now owns 1,379,418 shares of the company’s stock valued at $26,637,000 after buying an additional 59,989 shares during the last quarter. Geode Capital Management LLC grew its stake in Perella Weinberg Partners by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,257,620 shares of the company’s stock valued at $24,289,000 after buying an additional 34,301 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Perella Weinberg Partners by 200.0% in the 3rd 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. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Perella Weinberg Partners Stock Down 0.8 %

NASDAQ PWP opened at $19.48 on Monday. The company has a market capitalization of $1.69 billion, a P/E ratio of -12.33 and a beta of 1.61. Perella Weinberg Partners has a 12-month low of $11.68 and a 12-month high of $27.03. The firm has a 50-day moving average price of $23.46 and a two-hundred day moving average price of $22.63.

Perella Weinberg Partners (NASDAQ:PWP) last posted 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners’s dividend payout ratio is currently -17.72%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PWP. Keefe, Bruyette & Woods upped their price target on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. The Goldman Sachs Group decreased their price target on shares of Perella Weinberg Partners from $23.00 to $20.00 and set a “sell” rating on the stock in a research note on Friday.

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.