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

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

Several other institutional investors have also made changes to their positions in PIPR. North Reef Capital Management LP lifted its holdings in shares of Piper Sandler Companies by 143.5% during the 3rd quarter. North Reef Capital Management LP now owns 245,000 shares of the financial services provider’s stock worth $35,601,000 after acquiring an additional 144,369 shares during the period. Envestnet Asset Management Inc. lifted its stake in Piper Sandler Companies by 48.8% during the third quarter. Envestnet Asset Management Inc. now owns 54,466 shares of the financial services provider’s stock worth $7,914,000 after purchasing an additional 17,869 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Piper Sandler Companies by 94.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 32,574 shares of the financial services provider’s stock valued at $5,696,000 after purchasing an additional 15,833 shares in the last quarter. FMR LLC increased its stake in shares of Piper Sandler Companies by 10.8% in the 3rd quarter. FMR LLC now owns 153,040 shares of the financial services provider’s stock valued at $22,238,000 after purchasing an additional 14,977 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Piper Sandler Companies by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 180,658 shares of the financial services provider’s stock worth $26,251,000 after buying an additional 11,847 shares in the last quarter. 72.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, President Debbra L. Schoneman sold 4,795 shares of the firm’s 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 completion of the transaction, the president now owns 12,140 shares of the company’s stock, valued at $2,315,340.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Piper Sandler Companies news, President Debbra L. Schoneman sold 4,795 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $190.72, for a total value of $914,502.40. Following the sale, the president now owns 12,140 shares in the company, valued at approximately $2,315,340.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan J. Doyle sold 2,013 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $179.79, for a total value of $361,917.27. Following the transaction, the insider now owns 166,214 shares of the company’s stock, valued at $29,883,615.06. The disclosure for this sale can be found here. Insiders have sold a total of 21,875 shares of company stock worth $4,009,781 in the last ninety days. Company insiders own 3.00% of the company’s stock.

Piper Sandler Companies Stock Performance

Shares of PIPR opened at $209.98 on Tuesday. Piper Sandler Companies has a 52 week low of $121.57 and a 52 week high of $211.59. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 35.71 and a beta of 1.40. The stock has a fifty day moving average of $195.39 and a 200-day moving average of $191.07.

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

Piper Sandler Companies Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.14%. Piper Sandler Companies’s dividend payout ratio is presently 40.82%.

Analyst Upgrades and Downgrades

PIPR has been the topic of several research analyst reports. StockNews.com raised Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, April 9th.

About Piper Sandler Companies

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.