Dynamic Technology Lab Private Ltd Decreases Stock Position in Perella Weinberg Partners (NASDAQ:PWP)

Dynamic Technology Lab Private Ltd trimmed its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP) by 20.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,120 shares of the company’s stock after selling 4,060 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Perella Weinberg Partners were worth $385,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC bought a new position in Perella Weinberg Partners in the 4th quarter worth about $64,000. Meeder Asset Management Inc. bought a new position in Perella Weinberg Partners in the 4th quarter worth about $179,000. KLP Kapitalforvaltning AS bought a new position in Perella Weinberg Partners in the 4th quarter worth about $248,000. Y Intercept Hong Kong Ltd bought a new position in Perella Weinberg Partners in the 3rd quarter worth about $214,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Perella Weinberg Partners in the 4th quarter worth approximately $311,000. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PWP has been the subject of several research reports. Keefe, Bruyette & Woods upped their price target on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group decreased their price target on shares of Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating for the company in a report on Wednesday, April 2nd. Finally, JMP Securities cut their price objective on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a “market outperform” rating on the stock in a research note on Tuesday.

Perella Weinberg Partners Stock Performance

PWP stock opened at $17.54 on Thursday. The firm has a market cap of $1.52 billion, a PE ratio of -11.10 and a beta of 1.68. The firm’s fifty day moving average is $20.92 and its 200 day moving average is $22.52. Perella Weinberg Partners has a one year low of $11.68 and a one year high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last announced its earnings results on Friday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.60%. Perella Weinberg Partners’s dividend payout ratio (DPR) is -17.72%.

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.