Piper Jaffray Companies (PJC) Sets New 12-Month Low at $66.03

Shares of Piper Jaffray Companies (NYSE:PJC) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $66.03 and last traded at $65.92, with a volume of 245 shares trading hands. The stock had previously closed at $70.33.

Separately, TheStreet upgraded Piper Jaffray Companies from a “c” rating to a “b-” rating in a research report on Tuesday, October 30th.

The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 11.98 and a beta of 1.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 0.39.

Piper Jaffray Companies (NYSE:PJC) last announced its quarterly earnings results on Friday, October 26th. The financial services provider reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.35. Piper Jaffray Companies had a positive return on equity of 11.27% and a negative net margin of 1.39%. The firm had revenue of $221.23 million for the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Wednesday, November 28th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Tuesday, November 27th.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Piper Jaffray Companies by 1.8% in the third quarter. Vanguard Group Inc. now owns 1,444,533 shares of the financial services provider’s stock valued at $110,291,000 after acquiring an additional 26,141 shares during the period. Morgan Stanley grew its position in Piper Jaffray Companies by 19.9% in the third quarter. Morgan Stanley now owns 47,482 shares of the financial services provider’s stock valued at $3,625,000 after acquiring an additional 7,881 shares during the period. Legal & General Group Plc grew its position in Piper Jaffray Companies by 13.7% in the third quarter. Legal & General Group Plc now owns 34,838 shares of the financial services provider’s stock valued at $2,644,000 after acquiring an additional 4,193 shares during the period. Nordea Investment Management AB grew its position in Piper Jaffray Companies by 30.7% in the third quarter. Nordea Investment Management AB now owns 58,103 shares of the financial services provider’s stock valued at $4,436,000 after acquiring an additional 13,650 shares during the period. Finally, Teachers Advisors LLC grew its position in Piper Jaffray Companies by 28.5% in the third quarter. Teachers Advisors LLC now owns 34,820 shares of the financial services provider’s stock valued at $2,659,000 after acquiring an additional 7,715 shares during the period. Hedge funds and other institutional investors own 73.02% of the company’s stock.

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About Piper Jaffray Companies (NYSE:PJC)

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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