SG Americas Securities LLC Boosts Stake in Perella Weinberg Partners (NASDAQ:PWP)

SG Americas Securities LLC increased its stake in Perella Weinberg Partners (NASDAQ:PWP) by 25.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,396 shares of the company’s stock after acquiring an additional 5,374 shares during the period. SG Americas Securities LLC’s holdings in Perella Weinberg Partners were worth $629,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in shares of Perella Weinberg Partners in the 3rd quarter valued at $197,000. PDT Partners LLC bought a new position in shares of Perella Weinberg Partners during the third quarter valued at about $210,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Perella Weinberg Partners in the third quarter worth about $214,000. US Bancorp DE bought a new stake in shares of Perella Weinberg Partners in the 3rd quarter valued at about $325,000. Finally, Verition Fund Management LLC purchased a new stake in Perella Weinberg Partners during the 3rd quarter valued at about $333,000. Institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Price Performance

Shares of NASDAQ:PWP opened at $26.07 on Friday. The stock’s 50-day moving average is $24.66 and its 200 day moving average is $21.67. The company has a market cap of $2.30 billion, a PE ratio of -11.00 and a beta of 1.58. Perella Weinberg Partners has a 1 year low of $11.44 and a 1 year high of $27.03.

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

Perella Weinberg Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were given a $0.07 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.28 annualized dividend and a dividend yield of 1.07%. Perella Weinberg Partners’s dividend payout ratio is -11.81%.

Insider Activity at Perella Weinberg Partners

In other news, CEO Andrew Bednar sold 300,579 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $24.48, for a total value of $7,358,173.92. Following the sale, the chief executive officer now directly owns 566,386 shares of the company’s stock, valued at $13,865,129.28. This represents a 34.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Dietrich Becker sold 442,889 shares of Perella Weinberg Partners stock in a transaction dated 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 disclosure for this sale can be found here. 43.53% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods decreased their price target on Perella Weinberg Partners from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. JMP Securities upped their price target on shares of Perella Weinberg Partners from $22.00 to $26.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th.

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.