Quadrature Capital Ltd Buys New Shares in Perella Weinberg Partners (NASDAQ:PWP)

Quadrature Capital Ltd bought a new stake in Perella Weinberg Partners (NASDAQ:PWP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,504 shares of the company’s stock, valued at approximately $165,000.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Perella Weinberg Partners by 3.8% during the third quarter. FMR LLC now owns 5,780,259 shares of the company’s stock valued at $58,843,000 after buying an additional 210,342 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Perella Weinberg Partners by 2.2% in the third quarter. Adage Capital Partners GP L.L.C. now owns 2,818,614 shares of the company’s stock worth $28,693,000 after buying an additional 61,333 shares during the period. Schroder Investment Management Group increased its holdings in shares of Perella Weinberg Partners by 0.4% in the third quarter. Schroder Investment Management Group now owns 2,294,531 shares of the company’s stock worth $23,358,000 after buying an additional 9,366 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Perella Weinberg Partners by 12.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 22,268 shares of the company’s stock worth $272,000 after buying an additional 2,474 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Perella Weinberg Partners in the fourth quarter worth about $137,000. Institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Price Performance

Shares of NASDAQ:PWP opened at $15.52 on Friday. Perella Weinberg Partners has a 1 year low of $7.94 and a 1 year high of $16.52. The company has a market cap of $1.46 billion, a PE ratio of -8.34 and a beta of 1.50. The stock’s 50-day moving average is $15.06 and its 200 day moving average is $13.66.

Perella Weinberg Partners (NASDAQ:PWP) last announced 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 negative net margin of 7.74% and a positive return on equity of 17.87%. The business had revenue of $102.13 million for the quarter.

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were given a dividend of $0.07 per share. The ex-dividend date was Friday, May 24th. This represents a $0.28 annualized dividend and a yield of 1.80%. Perella Weinberg Partners’s payout ratio is -15.05%.

Analyst Upgrades and Downgrades

Separately, JMP Securities lifted their price objective on Perella Weinberg Partners from $18.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 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.