Signia Capital Management Exits Position in Piper Jaffray Companies (PJC)

Piper Jaffray Companies (PJC) : Signia Capital Management has sold out all of its stake in Piper Jaffray Companies during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 15,090 shares of Piper Jaffray Companies which is valued at $634,836.

Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in PJC in the latest quarter, The investment management firm added 2,700 additional shares and now holds a total of 42,900 shares of Piper Jaffray Companies which is valued at $1,804,803. Integrated Wealth Management added PJC to its portfolio by purchasing 29 company shares during the most recent quarter which is valued at $1,220.New York State Teachers Retirement System reduced its stake in PJC by selling 2,800 shares or 4.63% in the most recent quarter. The Hedge Fund company now holds 57,719 shares of PJC which is valued at $2,378,023. Piper Jaffray Companies makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.

Piper Jaffray Companies closed down -0.18 points or -0.42% at $43.15 with 58,853 shares getting traded on Monday. Post opening the session at $43.33, the shares hit an intraday low of $42.67 and an intraday high of $43.45 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Piper Jaffray Companies reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.61. The company had revenue of $167.20 million for the quarter, 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 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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