Nantahala Capital Management LLC Buys 165,696 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Nantahala Capital Management LLC grew its position in shares of Perella Weinberg Partners (NASDAQ:PWP) by 166.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 265,474 shares of the company’s stock after purchasing an additional 165,696 shares during the quarter. Nantahala Capital Management LLC owned about 0.28% of Perella Weinberg Partners worth $4,314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Perella Weinberg Partners by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 2,491,989 shares of the company’s stock valued at $35,212,000 after purchasing an additional 155,855 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Perella Weinberg Partners during the 2nd quarter worth approximately $35,715,000. Millennium Management LLC grew its position in shares of Perella Weinberg Partners by 2,883.9% during the 2nd quarter. Millennium Management LLC now owns 1,723,785 shares of the company’s stock worth $28,012,000 after buying an additional 1,666,015 shares during the period. Wasatch Advisors LP increased its stake in shares of Perella Weinberg Partners by 113.0% in the 1st quarter. Wasatch Advisors LP now owns 1,442,576 shares of the company’s stock valued at $20,384,000 after acquiring an additional 765,461 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of Perella Weinberg Partners during the 2nd quarter valued at $20,198,000. Institutional investors and hedge funds own 41.07% of the company’s stock.

Wall Street Analyst Weigh In

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

Perella Weinberg Partners Trading Up 0.3 %

NASDAQ PWP opened at $19.31 on Tuesday. The company has a fifty day simple moving average of $18.75 and a 200 day simple moving average of $16.50. Perella Weinberg Partners has a 12-month low of $9.30 and a 12-month high of $20.58. The company has a market cap of $1.82 billion, a P/E ratio of -10.38 and a beta of 1.50.

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

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Thursday, September 5th. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -15.05%.

Perella Weinberg Partners 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.