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Robert K. Steel, a director at Perella Weinberg Partners (NASDAQ:PWP), recently sold 28,214 shares of Class A Common Stock. The transactions, executed on June 11, 2025, were at a weighted average price of $18.75 per share, resulting in a total sale value of approximately $529,012. The sale comes as the $1.56 billion investment banking firm has seen its stock decline nearly 28% over the past six months, despite impressive revenue growth of 59% in the last twelve months. Following this sale, Steel retains ownership of 98,772 shares in the company. The shares were sold at prices ranging from $18.62 to $18.87. According to InvestingPro analysis, PWP currently appears fairly valued, with management actively pursuing share buybacks. For deeper insights into insider transactions and comprehensive financial analysis, including 8 additional ProTips, explore PWP’s detailed Pro Research Report, part of InvestingPro’s coverage of 1,400+ US stocks.
In other recent news, Perella Weinberg Partners reported impressive financial results for Q1 2025, exceeding Wall Street’s expectations. The company announced earnings per share of $0.28, surpassing the forecasted $0.21, and achieved record first-quarter revenues of $212 million, outstripping the anticipated $199.01 million. These results mark a 100% year-over-year revenue increase, showcasing the firm’s strong operational execution. Additionally, Perella Weinberg maintains a robust financial position with $111 million in cash and no debt, further reinforcing its financial health. The firm also declared a quarterly dividend of $0.70 per share, continuing its commitment to shareholder returns.
In another development, Perella Weinberg disclosed the issuance of 1,234,357 shares of Class A common stock in a private transaction. This exchange allows holders of Class A partnership units of PWP OpCo to convert their units into shares of Perella Weinberg’s Class A common stock. The transaction was reported in a Form 8-K filing with the Securities and Exchange Commission, complying with SEC regulations on significant events. Despite these positive financial outcomes, the company’s stock experienced a slight premarket decline, reflecting broader market uncertainties.
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