Interval Partners LP Grows Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Interval Partners LP grew its stake in shares of Perella Weinberg Partners (NASDAQ:PWP) by 142.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,026 shares of the company’s stock after buying an additional 132,389 shares during the quarter. Interval Partners LP owned about 0.24% of Perella Weinberg Partners worth $3,657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Trexquant Investment LP acquired a new position in Perella Weinberg Partners during the fourth quarter worth $608,000. Olympiad Research LP bought a new stake in Perella Weinberg Partners during the fourth quarter worth approximately $195,000. Basswood Capital Management L.L.C. raised its position in shares of Perella Weinberg Partners by 18.4% in the fourth quarter. Basswood Capital Management L.L.C. now owns 841,307 shares of the company’s stock valued at $10,289,000 after purchasing an additional 130,682 shares during the period. Azora Capital LP raised its position in shares of Perella Weinberg Partners by 55.4% in the fourth quarter. Azora Capital LP now owns 426,963 shares of the company’s stock valued at $5,222,000 after purchasing an additional 152,270 shares during the period. Finally, Wasatch Advisors LP acquired a new stake in shares of Perella Weinberg Partners in the fourth quarter worth $8,281,000. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Perella Weinberg Partners Trading Down 1.3 %

Shares of Perella Weinberg Partners stock opened at $19.36 on Tuesday. Perella Weinberg Partners has a 1 year low of $9.30 and a 1 year high of $20.58. The company’s fifty day simple moving average is $18.62 and its 200-day simple moving average is $16.29. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -10.41 and a beta of 1.50.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.26. Perella Weinberg Partners had a positive return on equity of 56.85% and a negative net margin of 15.75%. The firm had revenue of $272.00 million for the quarter, compared to analyst estimates of $179.35 million. During the same period in the previous year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 64.3% compared to the same quarter last year.

Perella Weinberg Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, September 5th. Perella Weinberg Partners’s payout ratio is -15.05%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PWP shares. Keefe, Bruyette & Woods lifted their target price on shares of Perella Weinberg Partners from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. JMP Securities reiterated a “market outperform” rating and issued a $22.00 price objective on shares of Perella Weinberg Partners in a research note on Monday, August 5th.

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.