GAMMA Investing LLC Makes New $29,000 Investment in Piper Sandler Companies (NYSE:PIPR)

GAMMA Investing LLC purchased a new stake in shares of Piper Sandler Companies (NYSE:PIPR) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 167 shares of the financial services provider’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also modified their holdings of the company. West Oak Capital LLC acquired a new position in Piper Sandler Companies during the fourth quarter worth about $33,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Piper Sandler Companies during the 3rd quarter worth approximately $201,000. Obermeyer Wood Investment Counsel Lllp acquired a new position in shares of Piper Sandler Companies during the 3rd quarter worth approximately $213,000. V Wealth Advisors LLC purchased a new stake in Piper Sandler Companies in the 3rd quarter valued at approximately $218,000. Finally, Cerity Partners LLC acquired a new stake in Piper Sandler Companies during the 4th quarter valued at $218,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Stock Performance

Shares of PIPR opened at $209.98 on Tuesday. Piper Sandler Companies has a fifty-two week low of $121.57 and a fifty-two week high of $211.59. The stock has a fifty day moving average of $195.39 and a two-hundred day moving average of $191.07. The company has a market capitalization of $3.72 billion, a PE ratio of 35.71 and a beta of 1.40.

Piper Sandler Companies (NYSE:PIPR) last released its earnings results on Friday, April 26th. The financial services provider reported $2.79 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.90. The firm had revenue of $335.29 million for the quarter, compared to the consensus estimate of $314.97 million. Piper Sandler Companies had a return on equity of 13.83% and a net margin of 7.33%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.35 earnings per share. As a group, equities research analysts forecast that Piper Sandler Companies will post 11.82 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, May 23rd. Piper Sandler Companies’s dividend payout ratio (DPR) is 40.82%.

Insiders Place Their Bets

In other news, President Debbra L. Schoneman sold 4,795 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $190.72, for a total transaction of $914,502.40. Following the completion of the sale, the president now directly owns 12,140 shares in the company, valued at approximately $2,315,340.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, President Debbra L. Schoneman sold 3,555 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $184.84, for a total value of $657,106.20. Following the completion of the sale, the president now owns 11,518 shares of the company’s stock, valued at $2,128,987.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Debbra L. Schoneman sold 4,795 shares of Piper Sandler Companies stock in a transaction on Monday, March 4th. The shares were sold at an average price of $190.72, for a total transaction of $914,502.40. Following the transaction, the president now owns 12,140 shares in the company, valued at approximately $2,315,340.80. The disclosure for this sale can be found here. Insiders have sold a total of 21,875 shares of company stock valued at $4,009,781 over the last quarter. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PIPR shares. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, April 9th. StockNews.com upgraded shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th.

Piper Sandler Companies Profile

Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. It offers investment banking services and institutional sales, trading, and research services for various equity and fixed income products; advisory services, such as mergers and acquisitions, equity and debt private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and municipal financial advisory and loan placement services, as well as various over-the-counter derivative products.