Acquired: 10/1/2015, BX spinoff
Cost basis: $20.25
Current Portfolio Status: Hold
Dividend Reinvestment: N
Dividends paid quarterly in Mar, Jun, Sep, Dec
Shares held on account at Motif
PJT Partners Inc., is an independent financial advisory firm. The Company provides strategic advisory, restructuring and reorganization, and funds advisory services to corporations, financial sponsors, institutional investors and governments. The company was spun off from Blackstone on October 1, 2015 and is based in New York, New York.
Reason for holding: The consensus view of analysts is that this issue is undervalued. Feb. 2016 announced quarterly dividend payment to begin March 2016.
February 22, 2016