Kennedy Capital Management LLC Sells 19,451 Shares of Piper Sandler Companies (NYSE:PIPR)

Kennedy Capital Management LLC decreased its position in shares of Piper Sandler Companies (NYSE:PIPR) by 25.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,976 shares of the financial services provider’s stock after selling 19,451 shares during the quarter. Kennedy Capital Management LLC owned about 0.32% of Piper Sandler Companies worth $11,111,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Oliver Luxxe Assets LLC grew its position in Piper Sandler Companies by 1.1% in the 1st quarter. Oliver Luxxe Assets LLC now owns 5,954 shares of the financial services provider’s stock valued at $1,182,000 after purchasing an additional 62 shares during the period. Parallel Advisors LLC boosted its holdings in Piper Sandler Companies by 62.1% during the 4th quarter. Parallel Advisors LLC now owns 167 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 64 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Piper Sandler Companies by 1.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 3,572 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 67 shares during the period. 1492 Capital Management LLC raised its stake in shares of Piper Sandler Companies by 1.1% during the 4th quarter. 1492 Capital Management LLC now owns 6,399 shares of the financial services provider’s stock worth $1,119,000 after purchasing an additional 68 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in Piper Sandler Companies by 21.1% in the 4th quarter. Quadrant Capital Group LLC now owns 460 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 72.79% of the company’s stock.

Insider Transactions at Piper Sandler Companies

In related news, President Debbra L. Schoneman sold 3,978 shares of Piper Sandler Companies stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $212.29, for a total transaction of $844,489.62. Following the sale, the president now owns 44,105 shares of the company’s stock, valued at approximately $9,363,050.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Debbra L. Schoneman sold 3,978 shares of Piper Sandler Companies stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $212.29, for a total value of $844,489.62. Following the completion of the transaction, the president now owns 44,105 shares in the company, valued at approximately $9,363,050.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel John W. Geelan sold 1,570 shares of Piper Sandler Companies stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $211.14, for a total value of $331,489.80. Following the completion of the transaction, the general counsel now owns 16,854 shares of the company’s stock, valued at approximately $3,558,553.56. The disclosure for this sale can be found here. Insiders have sold 6,570 shares of company stock valued at $1,393,941 over the last quarter. 3.00% of the stock is currently owned by company insiders.

Piper Sandler Companies Trading Up 1.3 %

PIPR traded up $3.69 during trading on Tuesday, reaching $277.34. The stock had a trading volume of 137,028 shares, compared to its average volume of 105,022. Piper Sandler Companies has a one year low of $130.89 and a one year high of $280.21. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 47.17 and a beta of 1.41. The stock’s 50 day moving average is $244.61 and its two-hundred day moving average is $220.81.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Friday, April 26th. The financial services provider reported $2.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.90. Piper Sandler Companies had a return on equity of 13.65% and a net margin of 7.33%. The company had revenue of $335.29 million for the quarter, compared to the consensus estimate of $314.97 million. During the same quarter in the prior year, the company earned $2.35 earnings per share. Piper Sandler Companies’s revenue was up 15.5% on a year-over-year basis. On average, equities research analysts predict that Piper Sandler Companies will post 11.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, June 11th.

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.