Piper Jaffray Companies (PJC) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.88 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.27. Analysts had a consensus of $0.61. The company posted revenue of $167.20 million in the period, compared to analysts expectations of $143.86 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.
Piper Jaffray Companies opened for trading at $43.58 and hit $46 on the upside on Thursday, eventually ending the session at $43.15, with a gain of 2.89% or 1.21 points. The heightened volatility saw the trading volume jump to 1,94,519 shares. Company has a market cap of $694 M.
In a different news, on May 26, 2016, R Scott Larue (Co-Head Global IB and Cap Mkts) sold 20,000 shares at $41.76 per share price. According to the SEC, on Mar 4, 2016, Martin Bradley Winges (CIO and Head of Fixed Income) sold 5,500 shares at $41.35 per share price. On Nov 25, 2015, Addison L Piper (director) sold 156 shares at $39.48 per share price, according to the Form-4 filing with the securities and exchange commission.
Piper Jaffray Companies is an investment bank and asset management firm serving 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 public finance services financial advisory services equity and fixed income institutional brokerage equity and fixed income research and asset management services. The Company operates through two segments Capital Markets and Asset Management. The Companys capital markets segment provides investment banking and institutional sales trading and research services for equity and fixed income products. The Companys Asset Management segment includes traditional asset management business and seed investments in registered funds and private funds or partnerships.