Woodson Capital Management LP Sells 38,000 Shares of PJT Partners Inc. (NYSE:PJT)

Woodson Capital Management LP reduced its position in shares of PJT Partners Inc. (NYSE:PJT) by 44.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,000 shares of the financial services provider’s stock after selling 38,000 shares during the period. PJT Partners accounts for about 1.2% of Woodson Capital Management LP’s holdings, making the stock its 27th biggest position. Woodson Capital Management LP’s holdings in PJT Partners were worth $6,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SouthState Corp bought a new position in shares of PJT Partners in the second quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new position in shares of PJT Partners in the 2nd quarter worth about $30,000. GAMMA Investing LLC grew its position in PJT Partners by 76.4% during the third quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock valued at $45,000 after buying an additional 146 shares during the period. KBC Group NV raised its position in PJT Partners by 113.0% in the third quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 426 shares during the period. Finally, OLD National Bancorp IN purchased a new position in PJT Partners in the second quarter valued at about $204,000. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PJT has been the subject of a number of recent research reports. JMP Securities raised their target price on PJT Partners from $142.00 to $150.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. UBS Group upped their price target on shares of PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $123.80.

PJT Partners Trading Down 0.4 %

Shares of NYSE PJT opened at $165.19 on Friday. PJT Partners Inc. has a 12 month low of $85.87 and a 12 month high of $168.92. The business has a 50-day moving average of $146.85 and a 200-day moving average of $125.84. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 41.93 and a beta of 0.61.

PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $326.30 million during the quarter, compared to analyst estimates of $313.46 million. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. PJT Partners’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS. On average, analysts predict that PJT Partners Inc. will post 4.4 earnings per share for the current year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. PJT Partners’s payout ratio is presently 25.38%.

Insider Activity at PJT Partners

In other news, Director Kenneth C. Whitney sold 1,725 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total value of $275,568.75. Following the sale, the director now directly owns 9,100 shares of the company’s stock, valued at approximately $1,453,725. This represents a 15.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ji-Yeun Lee sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $118.85, for a total transaction of $1,188,500.00. Following the completion of the transaction, the insider now owns 61,433 shares in the company, valued at approximately $7,301,312.05. The trade was a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,766 shares of company stock worth $1,951,480 in the last 90 days. Company insiders own 11.71% of the company’s stock.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.