Trading volume for Piper Jaffray Companies was 172K in the last trading session. Trading volume was up 79.47% over the stocks average daily volume.
Short traders are more bullish on Piper Jaffray Companies of late if you put credence in the change in short interest. The stock saw a fall in short interest from September 29, 2017 to October 13, 2017 of -6.32%. Short interest decreased 18,767 over that timeframe. With short interest at 277,954 and short average daily volume at 59,542, the short-interest ratio is 5.0 and the short interest percentage is 0.02% as of October 13.
A few notable investment firms have updated their holdings. As of quarter end First Trust Advisors Lp had disposed of 6,260 shares trimming its position 31.4%. The value of the company’s investment in Piper Jaffray Companies went from $1,197,000 to $813,000 decreasing 32.1% for the reporting period. Nationwide Fund Advisors divested its ownership by shedding 237 shares a decrease of 0.5% in the quarter. Nationwide Fund Advisors controls 44,001 shares valued at $2,611,000. The value of the position overall is down by 1.5%.
As of the end of the quarter Aperio Group, LLC had sold a total of 153 shares trimming its stake by 3.1%. The value of the total investment in Piper Jaffray Companies decreased from $291,000 to $279,000 a change of $12,000 since the last quarter. As of quarter end Simplex Trading, LLC had bought 733 shares growing its holdings by 368.3%. The value of the investment in PJC went from $11,000 to $55,000 a change of 400.0% quarter to quarter.
In the market the company is trading up since yesterday’s close of $73.10. Additionally the company recently declared a dividend to be paid on Friday the 15th of December 2017. The dividend payment will be $0.313 per share for the quarter or $1.25 annualized. This dividend represents a yield of $1.89 which is the dividend as a percentage of the current share price. The ex-dividend date is Thursday the 24th of August 2017.
Company shares are trading at $73.10 significantly above $60.10, the stock’s 50 day moving average and which is significantly higher than the 200 day moving average of $60.03. The 50 day moving average was up $13.00 and the 200 day average went up by +21.78%.
The company currently has a P/E ratio of 329.28 and market cap is 1.10B. In the last earnings report the EPS was $0.22 and is expected to be $6.84 for the current year with 15,114,000 shares presently outstanding. Next quarter’s EPS is forecasted at $1.23 with next year’s EPS anticipated to be $6.04.
Piper Jaffray Companies, launched on April 28, 2003, is an investment bank and asset management company. The Business’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. The Asset Management segment includes its traditional asset management business and its investments in registered funds and private funds or partnerships that it manages. It provides a range of products and services, including equity and debt capital markets products; public finance services; financial advisory services; equity and fixed income institutional brokerage; equity and fixed income research, and asset management services. The Company serves the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States and internationally..