Insider Selling: Piper Jaffray Companies (PJC) Insider Sells 10,000 Shares of Stock

Piper Jaffray Companies (NYSE:PJC) insider Francis E. Iv Fairman sold 10,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $96.13, for a total value of $961,300.00. Following the transaction, the insider now owns 51,513 shares of the company’s stock, valued at $4,951,944.69. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Piper Jaffray Companies (PJC) traded down $2.20 during trading on Monday, hitting $90.00. The stock had a trading volume of 284,765 shares, compared to its average volume of 106,494. The stock has a market cap of $1,380.00, a PE ratio of -17.93 and a beta of 1.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.15 and a current ratio of 1.48. Piper Jaffray Companies has a 12 month low of $52.75 and a 12 month high of $99.80.

Piper Jaffray Companies (NYSE:PJC) last released its earnings results on Thursday, February 1st. The financial services provider reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.35. The company had revenue of $236.08 million during the quarter. Piper Jaffray Companies had a positive return on equity of 11.32% and a negative net margin of 7.30%.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.375 per share. This is a boost from Piper Jaffray Companies’s previous quarterly dividend of $0.31. This represents a $1.50 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, February 23rd. Piper Jaffray Companies’s dividend payout ratio is -24.90%.

Several institutional investors have recently added to or reduced their stakes in PJC. Cutler Group LP lifted its stake in Piper Jaffray Companies by 505.0% during the fourth quarter. Cutler Group LP now owns 1,215 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 1,515 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Piper Jaffray Companies by 365.1% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,823 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 1,431 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Piper Jaffray Companies by 93.0% during the third quarter. Farmers & Merchants Investments Inc. now owns 2,090 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 1,007 shares during the last quarter. Schulhoff & Co. Inc. bought a new position in Piper Jaffray Companies during the fourth quarter worth $205,000. Finally, PNC Financial Services Group Inc. lifted its stake in Piper Jaffray Companies by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,842 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

Several equities analysts have recently commented on PJC shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $86.00 target price on shares of Piper Jaffray Companies in a research note on Friday, December 22nd. JMP Securities started coverage on Piper Jaffray Companies in a research note on Tuesday, November 7th. They set a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $30.93.

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Piper Jaffray Companies Company Profile

Piper Jaffray Companies is an investment bank and asset management company. The Company’s segments include Capital Markets and Asset Management. The Capital Markets segment provides investment banking and institutional sales, trading and research services for various equity and fixed income products.

Insider Buying and Selling by Quarter for Piper Jaffray Companies (NYSE:PJC)

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