Piper Jaffray Cos. (PJC) Insider Sells $592,900.00 in Stock
Piper Jaffray Cos. (NYSE:PJC) insider R Scott Larue sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $59.29, for a total value of $592,900.00. Following the sale, the insider now owns 74,157 shares in the company, valued at approximately $4,396,768.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Piper Jaffray Cos. (NYSE:PJC) opened at 65.95 on Tuesday. The company’s 50 day moving average price is $52.54 and its 200-day moving average price is $44.70. The firm has a market capitalization of $997.76 million, a price-to-earnings ratio of 35.01 and a beta of 1.47. Piper Jaffray Cos. has a 12-month low of $31.66 and a 12-month high of $67.15.
Piper Jaffray Cos. (NYSE:PJC) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.44. Piper Jaffray Cos. had a return on equity of 6.95% and a net margin of 3.32%. The firm earned $199 million during the quarter, compared to analysts’ expectations of $163.56 million. During the same quarter last year, the firm posted $0.87 earnings per share. The company’s revenue for the quarter was up 34.1% compared to the same quarter last year. On average, equities analysts anticipate that Piper Jaffray Cos. will post $4.60 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Mason Street Advisors LLC purchased a new stake in shares of Piper Jaffray Cos. during the second quarter worth approximately $104,000. KBC Group NV boosted its stake in shares of Piper Jaffray Cos. by 133.3% in the third quarter. KBC Group NV now owns 3,488 shares of the company’s stock worth $168,000 after buying an additional 1,993 shares during the period. BlackRock Inc. boosted its stake in shares of Piper Jaffray Cos. by 295.0% in the second quarter. BlackRock Inc. now owns 4,215 shares of the company’s stock worth $159,000 after buying an additional 3,148 shares during the period. Aperio Group LLC purchased a new stake in shares of Piper Jaffray Cos. during the third quarter worth approximately $216,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Piper Jaffray Cos. by 101.1% in the second quarter. BNP Paribas Arbitrage SA now owns 4,491 shares of the company’s stock worth $169,000 after buying an additional 2,258 shares during the period. 66.22% of the stock is owned by hedge funds and other institutional investors.
Separately, TheStreet raised Piper Jaffray Cos. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.00.
Piper Jaffray Cos. Company Profile
Piper Jaffray Companies is an investment bank and asset management company, which serves the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States and internationally. The Company provides products and services, including equity and debt capital markets products, financial advisory services, equity and fixed income institutional brokerage, equity and fixed income research, and asset management services.
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