Revenue Update on Piper Jaffray Companies(NYSE:PJC)

Piper Jaffray Companies(NYSE:PJC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $167.19M. Analysts estimated a revenue of $160.12M. Earnings per share were $0.88. Analysts had estimated an EPS of $0.66.

Piper Jaffray Companies (PJC) shares turned negative on Thursdays trading session with the shares closing down -0.18 points or -0.43% at a volume of 39,768. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $42.34. The peak price level was also seen at $42.34 while the days lowest was $41.6101. Finally the shares closed at $41.89. The 52-week high of the shares is $50.66 while the 52-week low is $31.66. According to the latest information available, the market cap of the company is $674 M.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, R Scott Larue (Co-Head Global IB and Cap Mkts) sold 20,000 shares at $41.76 per share price.Also, 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 Company’s capital markets segment provides investment banking and institutional sales trading and research services for equity and fixed income products. The Company’s Asset Management segment includes traditional asset management business and seed investments in registered funds and private funds or partnerships.

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