Quantbot Technologies LP Purchases 29,332 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Quantbot Technologies LP raised its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 358.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,516 shares of the company’s stock after purchasing an additional 29,332 shares during the quarter. Quantbot Technologies LP’s holdings in Perella Weinberg Partners were worth $724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in PWP. Westwood Holdings Group Inc. bought a new stake in shares of Perella Weinberg Partners in the second quarter valued at approximately $35,715,000. Millennium Management LLC lifted its position in shares of Perella Weinberg Partners by 2,883.9% during the second quarter. Millennium Management LLC now owns 1,723,785 shares of the company’s stock worth $28,012,000 after acquiring an additional 1,666,015 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Perella Weinberg Partners in the second quarter worth $20,198,000. Charles Schwab Investment Management Inc. raised its stake in shares of Perella Weinberg Partners by 197.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company’s stock valued at $8,381,000 after purchasing an additional 288,186 shares during the period. Finally, Eagle Asset Management Inc. lifted its holdings in Perella Weinberg Partners by 32.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 756,540 shares of the company’s stock worth $14,609,000 after purchasing an additional 183,905 shares in the last quarter. Institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Stock Performance

Perella Weinberg Partners stock opened at $25.79 on Tuesday. Perella Weinberg Partners has a fifty-two week low of $10.73 and a fifty-two week high of $26.62. The stock has a market cap of $2.27 billion, a P/E ratio of -10.68 and a beta of 1.49. The firm’s fifty day moving average price is $22.22 and its 200-day moving average price is $18.91.

Perella Weinberg Partners (NASDAQ:PWP) last announced its earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The business had revenue of $278.20 million for the quarter, compared to analyst estimates of $196.42 million. Perella Weinberg Partners had a negative return on equity of 295.65% and a negative net margin of 11.09%. The company’s quarterly revenue was up 100.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS.

Perella Weinberg Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, December 4th. Perella Weinberg Partners’s payout ratio is -11.81%.

Insider Transactions at Perella Weinberg Partners

In other Perella Weinberg Partners news, President Dietrich Becker sold 442,889 shares of Perella Weinberg Partners stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $24.48, for a total transaction of $10,841,922.72. Following the transaction, the president now directly owns 379,140 shares of the company’s stock, valued at approximately $9,281,347.20. This trade represents a 53.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Bednar sold 300,579 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 566,386 shares of the company’s stock, valued at $13,865,129.28. This trade represents a 34.67 % decrease in their position. The disclosure for this sale can be found here. 43.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, JMP Securities upped their price target on Perella Weinberg Partners from $22.00 to $26.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th.

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.