Mount Yale Investment Advisors LLC Acquires 130 Shares of Piper Sandler Companies (NYSE:PIPR)

Mount Yale Investment Advisors LLC increased its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 8.2% during the first quarter, Holdings Channel.com reports. The fund owned 1,720 shares of the financial services provider’s stock after purchasing an additional 130 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Piper Sandler Companies were worth $341,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PIPR. GAMMA Investing LLC acquired a new stake in Piper Sandler Companies during the fourth quarter worth about $29,000. Parallel Advisors LLC grew its stake in Piper Sandler Companies by 62.1% during the fourth quarter. Parallel Advisors LLC now owns 167 shares of the financial services provider’s stock worth $29,000 after buying an additional 64 shares in the last quarter. Mather Group LLC. acquired a new stake in Piper Sandler Companies during the first quarter worth about $64,000. Quadrant Capital Group LLC grew its stake in Piper Sandler Companies by 21.1% during the fourth quarter. Quadrant Capital Group LLC now owns 460 shares of the financial services provider’s stock worth $80,000 after buying an additional 80 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Piper Sandler Companies during the first quarter worth about $90,000. 72.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 1,022 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $213.27, for a total transaction of $217,961.94. Following the sale, the president now directly owns 43,083 shares of the company’s stock, valued at approximately $9,188,311.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Piper Sandler Companies news, President Debbra L. Schoneman sold 3,978 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $212.29, for a total transaction of $844,489.62. Following the sale, the president now directly owns 44,105 shares of the company’s stock, valued at approximately $9,363,050.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Debbra L. Schoneman sold 1,022 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $213.27, for a total transaction of $217,961.94. Following the completion of the transaction, the president now owns 43,083 shares in the company, valued at approximately $9,188,311.41. The disclosure for this sale can be found here. Insiders have sold 6,570 shares of company stock valued at $1,393,941 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Piper Sandler Companies Stock Performance

Shares of Piper Sandler Companies stock traded down $1.50 during midday trading on Monday, hitting $273.65. 109,959 shares of the company traded hands, compared to its average volume of 104,780. The stock has a market capitalization of $4.84 billion, a PE ratio of 46.54 and a beta of 1.41. The business has a fifty day simple moving average of $242.28. Piper Sandler Companies has a 12 month low of $130.89 and a 12 month high of $278.41.

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

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.