GSA Capital Partners LLP Increases Stake in Piper Jaffray Companies (NYSE:PJC)

GSA Capital Partners LLP grew its stake in Piper Jaffray Companies (NYSE:PJC) by 24.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 18,420 shares of the financial services provider’s stock after buying an additional 3,620 shares during the quarter. GSA Capital Partners LLP owned 0.13% of Piper Jaffray Companies worth $1,368,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PJC. Investors Research Corp purchased a new position in shares of Piper Jaffray Companies in the 1st quarter valued at about $51,000. Quantamental Technologies LLC purchased a new position in shares of Piper Jaffray Companies in the 1st quarter valued at about $58,000. Convergence Investment Partners LLC purchased a new position in shares of Piper Jaffray Companies in the 1st quarter valued at about $151,000. Creative Planning purchased a new position in shares of Piper Jaffray Companies in the 2nd quarter valued at about $213,000. Finally, Pillar Pacific Capital Management LLC acquired a new stake in shares of Piper Jaffray Companies during the 1st quarter worth about $218,000. Institutional investors and hedge funds own 76.17% of the company’s stock.

Shares of NYSE PJC traded down $1.47 during midday trading on Friday, hitting $70.14. 65,968 shares of the company’s stock were exchanged, compared to its average volume of 93,862. Piper Jaffray Companies has a twelve month low of $61.35 and a twelve month high of $82.52. The company has a market cap of $1.02 billion, a PE ratio of 10.63 and a beta of 1.35. The firm’s fifty day simple moving average is $74.62 and its 200-day simple moving average is $74.29.

Piper Jaffray Companies (NYSE:PJC) last issued its earnings results on Friday, July 26th. The financial services provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.27. Piper Jaffray Companies had a return on equity of 12.54% and a net margin of 7.80%. The business had revenue of $172.42 million for the quarter, compared to analyst estimates of $155.26 million. During the same quarter last year, the company earned $0.92 EPS. On average, analysts anticipate that Piper Jaffray Companies will post 6.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Thursday, August 22nd. Piper Jaffray Companies’s dividend payout ratio (DPR) is presently 24.47%.

Several equities research analysts have recently weighed in on PJC shares. Northland Securities reissued a “buy” rating and set a $89.00 target price on shares of Piper Jaffray Companies in a research report on Friday, July 26th. Zacks Investment Research lowered Piper Jaffray Companies from a “hold” rating to a “sell” rating in a research report on Thursday.

Piper Jaffray Companies Profile

Piper Jaffray Companies operates as an investment bank and asset management firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company's Capital Markets segment offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.

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Institutional Ownership by Quarter for Piper Jaffray Companies (NYSE:PJC)

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