Today, TheStreet lowers the Stock rating of PJT Partners Inc. (PJT)

Today, TheStreet lowers the Stock rating of PJT Partners Inc. (PJT)

PJT Partners Inc. (NYSE:PJT) was downgraded by research analysts at TheStreet from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Shares of PJT Partners (NYSE:PJT) traded up 1.07% on Wednesday, hitting $30.27. 78,581 shares of the stock traded hands. The firm’s market cap is $544.95 million. PJT Partners has a 12-month low of $19.96 and a 12-month high of $30.83. The firm’s 50-day moving average is $27.85 and its 200 day moving average is $25.74.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Wednesday, December 7th will be issued a $0.05 dividend. The ex-dividend date is Monday, December 5th. This represents a $0.20 annualized dividend and a yield of 0.66%. PJT Partners’s payout ratio is -15.87%.

In other PJT Partners news, Chairman Paul J. Taubman purchased 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were purchased at an average price of $29.73 per share, for a total transaction of $1,040,550.00. Following the completion of the acquisition, the chairman now owns 399,211 shares of the company’s stock, valued at approximately $11,868,543.03. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

About PJT Partners

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