Perella Weinberg Partners (NASDAQ:PWP) Reaches New 52-Week High at $18.86

Perella Weinberg Partners (NASDAQ:PWP) shares reached a new 52-week high on Friday . The company traded as high as $18.86 and last traded at $18.59, with a volume of 22907 shares. The stock had previously closed at $18.18.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PWP shares. JMP Securities boosted their price objective on shares of Perella Weinberg Partners from $18.00 to $22.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Perella Weinberg Partners from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, July 12th.

Perella Weinberg Partners Trading Up 1.6 %

The company’s 50-day simple moving average is $15.84 and its 200-day simple moving average is $14.34.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings results on Friday, May 3rd. The company reported ($0.10) earnings per share (EPS) for the quarter. Perella Weinberg Partners had a positive return on equity of 17.87% and a negative net margin of 7.74%. The firm had revenue of $102.13 million for the quarter.

Perella Weinberg Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, May 24th. Perella Weinberg Partners’s payout ratio is presently -15.05%.

Hedge Funds Weigh In On Perella Weinberg Partners

Several large investors have recently modified their holdings of the stock. Allworth Financial LP acquired a new position in shares of Perella Weinberg Partners in the fourth quarter valued at about $44,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Perella Weinberg Partners by 21.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,681 shares of the company’s stock worth $131,000 after buying an additional 1,855 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at approximately $137,000. Quadrature Capital Ltd acquired a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at approximately $165,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Perella Weinberg Partners by 16.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,306 shares of the company’s stock valued at $174,000 after purchasing an additional 1,753 shares in the last quarter. 41.07% of the stock is owned by institutional investors.

About Perella Weinberg Partners

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.