Piper Jaffray Companies (PJC) Stake Boosted by Convergence Investment Partners LLC
Convergence Investment Partners LLC raised its position in Piper Jaffray Companies (NYSE:PJC) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,947 shares of the company’s stock after buying an additional 1,685 shares during the period. Convergence Investment Partners LLC owned approximately 0.18% of Piper Jaffray Companies worth $1,302,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of PJC. Matarin Capital Management LLC acquired a new position in shares of Piper Jaffray Companies during the third quarter worth about $7,013,000. Principal Financial Group Inc. increased its position in shares of Piper Jaffray Companies by 96.6% in the third quarter. Principal Financial Group Inc. now owns 195,956 shares of the company’s stock worth $9,465,000 after buying an additional 96,296 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Piper Jaffray Companies by 8.5% in the third quarter. BlackRock Fund Advisors now owns 1,066,129 shares of the company’s stock worth $51,494,000 after buying an additional 83,326 shares in the last quarter. BlackRock Advisors LLC increased its position in shares of Piper Jaffray Companies by 906.7% in the third quarter. BlackRock Advisors LLC now owns 78,052 shares of the company’s stock worth $3,770,000 after buying an additional 70,299 shares in the last quarter. Finally, Numeric Investors LLC increased its position in shares of Piper Jaffray Companies by 95.2% in the second quarter. Numeric Investors LLC now owns 124,735 shares of the company’s stock worth $4,703,000 after buying an additional 60,845 shares in the last quarter. Institutional investors own 67.32% of the company’s stock.
Shares of Piper Jaffray Companies (NYSE:PJC) traded down 0.29% during trading on Friday, reaching $69.30. The company’s stock had a trading volume of 145,041 shares. The company has a 50 day moving average price of $73.50 and a 200 day moving average price of $53.88. The firm has a market capitalization of $1.05 billion, a P/E ratio of 36.78 and a beta of 1.57. Piper Jaffray Companies has a 52 week low of $31.66 and a 52 week high of $77.80.
Piper Jaffray Companies (NYSE:PJC) last posted its earnings results on Thursday, October 27th. The company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.44. Piper Jaffray Companies had a return on equity of 6.95% and a net margin of 3.32%. The business earned $199 million during the quarter, compared to the consensus estimate of $163.56 million. During the same period in the previous year, the business earned $0.87 EPS. The business’s quarterly revenue was up 34.1% on a year-over-year basis. On average, equities research analysts expect that Piper Jaffray Companies will post $4.30 EPS for the current fiscal year.
In related news, Director B Kristine Johnson sold 1,425 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $53.45, for a total value of $76,166.25. Following the transaction, the director now owns 12,706 shares in the company, valued at approximately $679,135.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Debbra L. Schoneman sold 10,000 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $65.54, for a total value of $655,400.00. Following the completion of the transaction, the chief financial officer now owns 44,964 shares in the company, valued at approximately $2,946,940.56. The disclosure for this sale can be found here. 6.46% of the stock is owned by insiders.
Piper Jaffray Companies 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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