KRNY, DOMA among notable financial additions to Russell Microcap; MBIN, AINC out
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2024
0mins
Source: SeekingAlpha
- Russell Microcap Index Reconstitution: 213 companies will be added and 198 deleted in the 2023 Russell index reconstitution.
- Notable Additions: Kearny Financial (KRNY), Doma (DOMA), James River Group (JRVR), Kingstone (KINS), and Prairie Operating (PROP) will be added to the Russell Microcap Index.
- Notable Deletions: Merchants Bancorp (MBIN), Ashford (AINC), Finance of America (FOA), Altisource Asset Management (AAMC), and National Western Life (NWLI) will be deleted from the Russell Microcap Index.
Analyst Views on PWP
Wall Street analysts forecast PWP stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PWP is 19.00 USD with a low forecast of 19.00 USD and a high forecast of 19.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 21.560
Low
19.00
Averages
19.00
High
19.00
Current: 21.560
Low
19.00
Averages
19.00
High
19.00
About PWP
Perella Weinberg Partners is an independent advisory company that provides strategic and financial advice to clients across active industry sectors and international markets. Its single business segment is to provide advisory services, including advice related to strategic and financial decisions, mergers and acquisitions execution, shareholder engagement advisory, financing and capital solutions advice, with a focus on restructuring and liability management, capital markets advisory, and private capital placement, as well as specialized underwriting and research services for the energy and related industries. Its range of global clients includes large public multinational corporations, mid-sized public and private companies, financial sponsors, individual entrepreneurs, private and institutional investors, creditor committees and government institutions. Its areas of industry focus include consumer and retail, energy & energy transition, financial services & fintech, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
