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Piper Jaffray Company Profile (NYSE:PJC)

Consensus Ratings for Piper Jaffray (NYSE:PJC) (?)
Ratings Breakdown: 4 Hold Rating(s)
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $43.25 (20.41% upside)

Analysts' Ratings History for Piper Jaffray (NYSE:PJC)
Show:
DateFirmActionRatingPrice TargetActions
4/15/2016Sandler O'NeillDowngradeBuy -> HoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
2/8/2016MacquarieBoost Price TargetNeutral$42.00 -> $44.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
2/5/2016Keefe, Bruyette & WoodsBoost Price TargetMarket Perform$43.00 -> $45.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/2/2015SusquehannaLower Price TargetNeutral$48.00 -> $41.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/19/2015MKM PartnersInitiated CoverageNeutral$60.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/26/2015Maxim GroupUpgradeUnderperform -> Neutral$53.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 6/29/2014 forward)
Earnings History for Piper Jaffray (NYSE:PJC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/21/2016        
4/28/2016Q116$0.82$0.70$153.06 million$152.20 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/4/2016Q415$0.87$1.40$149.69 million$195.10 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/29/2015Q3$0.99$0.48$161.09 million$148.40 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/23/2015Q215$0.98$1.19$157.63 million$163.90 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/23/2015Q115$1.02$1.14$160.10 million$161.90 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/5/2015Q414$0.94$0.90$147.08 million$148.40 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/23/2014Q314$0.57$1.03$125.48 million$155.90 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/24/2014Q214$1.18$1.25$149.33 million$166.80 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/24/2014Q114$0.77$1.10$127.10 million$168.10 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/29/2014Q413$0.73$1.91$136.00 million$182.60 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/16/2013Q313$0.50$0.57$117.55 million$138.84 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/17/2013Q2 2013$0.55$0.25$116.30 million$99.80 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/17/2013Q1 2013$0.53$0.57$113.20 million$109.53 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/30/2013Q4 2012$0.69$0.88$129.87 million$140.90 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/17/2012$0.29$0.72ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/25/2012$0.30$0.37ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/18/2012$0.30$0.33ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/25/2012$0.19$0.11ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/19/2011$0.16($0.23)ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/20/2011$0.50$0.55ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/20/2011$0.52$0.38ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/26/2011$0.48$0.97ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)
Earnings Estimates for Piper Jaffray (NYSE:PJC)
No earnings estimates for this company have been tracked by MarketBeat.com

Dividend History for Piper Jaffray (NYSE:PJC)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trading History for Piper Jaffray (NYSE:PJC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
5/25/2016R Scott LarueInsiderSell20,000$41.76$835,200.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/24/2015Addison L PiperDirectorSell156$39.48$6,158.88View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/17/2015R Scott LarueInsiderBuy15,000$34.58$518,700.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/24/2015Andrew S DuffCEOSell2,858$52.96$151,359.68View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/6/2015Jeffrey P KlinefelterInsiderSell7,200$55.10$396,720.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/17/2014Andrew S DuffCEOSell11,719$56.41$661,068.79View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/7/2014Debbra L SchonemanCFOSell1,617$55.45$89,662.65View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/7/2014Lisa PolskyDirectorSell7,000$57.05$399,350.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/6/2014R Scott LarueInsiderSell6,670$57.37$382,657.90View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/5/2014Francis E Iv FairmanInsiderSell8,894$57.72$513,361.68View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
10/31/2014Francis E Iv FairmanInsiderSell1,391$56.54$78,647.14View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
10/30/2014Chad R AbrahamInsiderSell4,442$53.97$239,734.74View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
10/28/2014Chad R AbrahamInsiderSell10,000$53.97$539,700.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/11/2014R Scott LarueInsiderSell3,609$53.62$193,514.58View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/1/2014Addison L PiperDirectorSell2,171$50.96$110,634.16View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
7/25/2014Chad R AbrahamInsiderSell5,000$51.60$258,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/28/2014B Kristine JohnsonDirectorSell5,713$43.64$249,315.32View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/28/2014Martin Bradley WingesInsiderSell5,573$43.44$242,091.12View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/18/2014Martin Bradley WingesInsiderSell2,395$39.32$94,171.40View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
1/30/2014Michael FrancisDirectorSell5,713$40.31$230,291.03View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/15/2013R Scott LarueInsiderSell6,934$35.81$248,306.54View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/4/2013Brien M O'brienInsiderSell10,000$40.04$400,400.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)
Latest Headlines for Piper Jaffray (NYSE:PJC)
DateHeadline
06/28/16 01:33 PMThe maker of Calvin Klein, Tommy Hilfiger a buy on Brexit plunge: Piper Jaffray - Piper Jaffray reiterates its overweight PVH rating.
06/28/16 12:31 PMNavistar Out Of The Woods, But A Struggling Macro Environment Isn't Helping - Navistar International Corp(NYSE: NAV) is mostly out of the woods, but the macro environment won't cooperate. Piper Jaffray's Alexander Potter downgraded the company to Neutral and cut his price target from $14.00 to $11.50. Navistar has meandered through a tough period that would have driven many lesser companies into bankruptcy. The company, however, remains the highest beta and is the most heavily levered stock in Potter's coverage. Brexit related risks are low, but declining ...Full story available on Benzinga.com
06/24/16 08:01 AMPiper Jaffray Cos. breached its 50 day moving average in a Bullish Manner : PJC-US : June 24, 2016 -
06/22/16 03:40 PMPiper Jaffray Thinks Die-Hard Investors Will Protect Tesla From Too Much Downside - Shares of Tesla Motors Inc (NASDAQ: TSLA) lost almost 11 percent on Wednesday following the company’s bid to buy SolarCity Corp (NASDAQ: SCTY). Of course, this was all Tesla analysts could talk about on Wednesday. Among the numerous firms that weighed in on the potential deal was Piper Jaffray, which argued the transaction makes plenty of strategic sense - although it might be too much to ask from Tesla right now. “By attempting to produce a full suite of consumer products that ...Full story available on Benzinga.com
06/20/16 05:47 PMPatent Fight: Apple Appeals Beijing Ruling -
06/17/16 05:37 PMOrthoPediatrics Corp. Files Registration Statement for Proposed Initial Public Offering
06/15/16 02:21 PMRetail Sector Is On Fire Today - Shares of J C Penney Company Inc (NYSE: JCP) gained more than 5 percent Wednesday morning as the company's management spoke at the Piper Jaffray Consumer Conference. Here are some of the biggest takeaways from the company's CEO Marvin Ellison's presentation. 1. Memorial Day weekend sales were positive and management feels good about where the company is. 2. A new mobile app is ready to roll out and represents something that was desperately needed. 3. A major un-named competitor is donating market share within the appliance market, and the company ...Full story available on Benzinga.com
06/14/16 01:16 PMPiper Jaffray CEO: Clear bias for Fed to start normalizin... -
06/12/16 08:32 AMPiper Jaffray Likes Ford's Big Balance Sheet, Starts At Overweight
06/12/16 08:32 AMPiper Jaffray recommends Ford
06/10/16 11:19 AMPiper Jaffray On Autoliv: Waiting On The Sidelines - Piper Jaffray's Alexander Potter initiated Autoliv Inc. (NYSE: ALV) at Neutral with a price target of $123.00. Autoliv "exhibits an above-average growth profile," said Potter. The analyst attributed the company's strength partly due to the trend toward self-driving vehicles, "which supports secular growth in ALV's Electronics segment." Related Link: 3 Best Ways To Invest In Driverless Car Technology Today Additionally, Autoliv benefited from "a sizeable ...Full story available on Benzinga.com
06/09/16 06:14 PMSo You Wanted To Stay Long Valeant
06/09/16 02:39 PMPiper Jaffray Hosts Fourth Annual Heartland Summit with Top CEOs and Leaders in Healthcare Industry - [at noodls] - MINNEAPOLIS--(BUSINESS WIRE)--Jun. 9, 2016-- Piper Jaffray Companies (NYSE:PJC), a leading investment bank with one of Wall Street's most active and awarded healthcare practices, will host its Heartland ...
06/09/16 09:52 AMSix tips to get your business from start-up to sold - At Piper we went from product launch to acquisition in just three months. Here are six tips that will help your start-up get there, says Reza Kazemi.
06/08/16 12:40 PMPiper Previews E3: Conference Is Potential Catalyst For Gaming Group, Electronic Arts Likely Frontrunner - Piper Jaffray's Michael Olson analyzed the gaming sector before the popular E3 conference, an event scheduled to showcase video gaming companies on June 12. The gaming group — including Electronic Arts Inc. (NASDAQ: EA), Activision Blizzard, Inc. (NASDAQ: ATVI), GameStop Corp. (NYSE: GME) and Take-Two Interactive Software, Inc. (NASDAQ: TTWO) — has outperformed the market following E3 conferences over the past three years, according to Olson. Expectations For This Year The analyst believes Activision and Take-Two Interactive would take a ...Full story available on Benzinga.com
06/08/16 08:51 AMMMD 30-Year Yield Hits Record Low; Ga., JFK Airport Deals Sell
06/07/16 05:48 PMAlexion Closed Down 10%; Piper Says 'Buy On Weakness' - Traders and investors in Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) sold shares Tuesday following news from the company topline results from a REGAIN study did not hit statistical significance. While most analysts responded to the price decline accordingly and lowered price targets, one analyst made a convicted call in his bull thesis. Piper Jaffray's Joshua Schimmer reiterated an Overweight rating and $212 price target on Alexion shares, and said "buy on weakness." Related Link: Barclays Cuts Alexion ...Full story available on Benzinga.com
06/07/16 04:08 PMPiper Jaffray to Host 36th Annual Consumer Conference - [at noodls] - MINNEAPOLIS--(BUSINESS WIRE)--Jun. 7, 2016-- Piper Jaffray Companies (NYSE:PJC), a leading investment bank and asset management firm, is scheduled to host its 36th annual Consumer Conference, June 14-15, ...
06/07/16 12:00 PMUnited Natural Foods: Piper Jaffray Remains On Sidelines Despite Strong Results, Stock Up +15% - Piper Jaffray maintains its Neutral rating on United Natural Foods, Inc. (NASDAQ: UNFI), despite the organic food company delivering better-than-expected earnings for the third quarter and raising full-year guidance. "While the business appears to be approaching an inflection point, we want to get more comfortable that organic growth can stabilize," analyst Sean Naughton wrote in a note. United Natural Foods reported third quarter EPS of $0.76 versus the consensus' $0.66, while sales of $2.13 billion were modestly below $2.16 billion Street estimate. Related Link: A Peek Into The Markets: U.S. Stock Futures Signal Higher Start On Wall Street The real beat, however, came from its guidance projections. The ...Full story available on Benzinga.com
06/07/16 08:35 AMMunis Flat Ahead of $12.7B New Issue Slate
06/07/16 08:35 AMNatural Gas Prices Continue to Climb on Expected Summer Demand
06/06/16 05:15 PM4 Key Takeaways From ASCO - The Annual Meeting for the American Society of Clinical Oncology (ASCO) is being held in Chicago. After three days of presentations, and an two days to go, analysts at Piper Jaffray shared some thoughts on the weekend's main highlights: 1) The appearance of more effective and tolerable I/O combos with Opdivo and Yervoy in two types of lung cancer. 2) The presentation of additional data for Eli Lilly and Co (NYSE: LLY)’s abemaciclib from MONARCH 1 in the CDK4/6 segment 3) The presentation of further data for Merck & Co., Inc. (NYSE: MRK), Bristol-Myers Squibb Co (NYSE: BMY) and Roche's PD-1/PD-L1 across an extensive range of tumor-types. 4) “A short list of ...Full story available on Benzinga.com
06/06/16 03:51 PMWho Gets Venture Capital Funding? - Within the field of finance, perhaps nothing is more intriguing than a startup. In fact, HBO created a hit TV show called "Silicon Valley" in which a genius but shy developer creates a music app called Pied Piper. Once the app was discovered to contain a revolutionary data compression algorithm, venture capital firms flocked to invest in the new startup, as its uses extend way beyond a simple music app. The fictional company made it appear easy to land funding from venture capitalists. So how hard is it in reality? According to Bloomberg, investors poured $63.3 billion into startups in 2015, but this figure is ...Full story available on Benzinga.com
06/06/16 01:38 PMSix Piper Jaffray Research Analysts Receive Thomson Reuters Awards - [at noodls] - MINNEAPOLIS--(BUSINESS WIRE)--Jun. 6, 2016-- Piper Jaffray Companies (NYSE:PJC), a leading investment bank and asset management firm, is pleased to announce that six of its senior research analysts received ...
06/03/16 09:38 AMPiper Jaffray loses faith in Conn's -
05/31/16 12:51 PMMichael Kors Holding Ltd: Analysts’ Calls on KORS Stock Conflict - InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips Wedbush and Piper Jaffray on opposite ends of the spectrum when it comes to KORS stock, and ironically, both are probably right. The post Michael Kors Holding Ltd: Analysts’ Calls on KORS Stock Conflict appeared first on InvestorPlace.
05/27/16 03:25 PMGameStop Clearly Impacted By Increased Digital Software Sales, Says Piper Jaffray - Shares of GameStop Corp. (NYSE: GME) were trading down roughly 3.7 percent on Friday afternoon following the announcement of the company’s first-quarter financial results and second-quarter guidance. EPS of $0.66 beat estimates by $0.05, while revenue of $1.97 was in line with expectations; however, management guided for a 4 to 7 percent decline in comps over the second quarter and EPS of $0.23 to $0.30, below the Street’s $0.31 consensus. Following the earnings report, Piper Jaffray analysts Michael J. Olson and Yung Kim reiterated an Overweight rating and $41 price target on shares of the omnichannel video game retailer. ...Full story available on Benzinga.com
05/27/16 01:44 PMPiper Jaffray Raises Price Target on Genesco (GCO) Following 1Q EPS Beat - GCO reported EPS of $0.62, ahead of Piper Jaffray's $0.36 estimate. Analyst Erinn Murphy commented, "We are adjusting our estimates and PT to $62 (vs. $61 prior) following today's better-thanexpected Q1 results (EPS $0.62 vs. PJC $0.36). On the call ...
05/19/16 01:55 PMMuni Traders Eye Low Yields, Await More Supply - LAMIC did not issue any bonds in 2011 or 2013. Piper Jaffray (PJC) is expected to price the Illinois State Toll Highway Authority's $300 million of Series 2016B told revenue bonds on Wednesday.
05/12/16 08:55 AMPiper Jaffray takes a summer break on Hasbro - Shares of Piper Jaffray (NYSE:PJC) have received an average rating of "Hold" from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Market analysts have recently updated their ratings and price targets on shares of Hasbro ...
05/12/16 08:49 AMPalo Alto dips after Piper notes demand slowdown -
05/11/16 12:04 PMPIPER JAFFRAY COMPANIES Financials -
05/11/16 08:48 AMDisney Analyst Finds Film, Parks Optimism in Stock Price -
05/10/16 08:41 AMBRIEF-Rewalk Robotics may offer and sell shares of up to $25 mln - * Says it may offer and sell ordinary shares of up to $25 million through Piper Jaffray & Co. Acting as its agent - SEC filing Source text for Eikon: Further company coverage: (Bengaluru...
05/06/16 04:39 PMPIPER JAFFRAY COMPANIES Files SEC form 8-K/A, Change in Directors or Principal Officers -
05/06/16 04:33 PMPIPER JAFFRAY COMPANIES Files SEC form 8-K, Submission of Matters to a Vote of Security Holders -
05/04/16 12:36 PMPIPER JAFFRAY COMPANIES Files SEC form 10-Q, Quarterly Report -
05/04/16 11:12 AMOrthoAccel Announces $12 Million Series C Financing and New Investor, Piper Jaffray Merchant Banking - [PR Newswire] - HOUSTON, May 4, 2016 /PRNewswire/ -- OrthoAccel® Technologies, Inc. today announced completion of a $12 million Series C financing round, which included the privately held company's two existing institutional equity investors, S3 Ventures and HealthpointCapital, as well as a new investor, Piper Jaffray Merchant Banking. An orthodontic innovation company, OrthoAccel manufactures AcceleDent®, an FDA-cleared, Class II medical device that speeds up orthodontic treatment by as much as 50 percent and relieves discomfort often associated with treatment. This financing announcement comes as AcceleDent is now available in more than 3,000 orthodontic locations in North America and nearly 800 international locations.
05/04/16 06:58 AMPiper Jaffray Raises Price Target on Luminex Corp. (LMNX) Following Strong 1Q Results - Piper Jaffray maintained a Neutral rating on Luminex Corp ... EPS of $0.26 was above consensus of $0.16 (PJC: $0.17). Management raised the lower end of FY16 revenue guidance to $247M-$255M (was $245M-$255M). Management issued 2Q16 revenue guidance ...
05/04/16 06:58 AMPiper Jaffray Becomes Oversold (PJC) - Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength ...
05/02/16 04:20 PMRESI Shareholders Group Issues Letter to Fellow Altisource Residential Shareholders - Dear Fellow RESI Shareholder: IT IS TIME FOR CHANGE AT RESI VOTE THE GOLD PROXY CARD TO RECONSTITUTE RESI'S BOARD WITH DIRECTORS COMMITTED TO REPRESENTING YOUR BEST INTERESTS RESI Shareholders Group ("RESI Shareholders Group," "RSG" or "we"), an independent shareholder group owning approximately 2.5% of the outstanding shares of Altisource Residential Corporation ("RESI" or the "Company"), is dedicated to restoring value for RESI's shareholders, the true owners of the Company. The Company's Board of Directors (the "Board") must be immediately reconstituted to ensure that the interests of RESI's shareholders are appropriately represented in the boardroom and that the Board takes the necessary steps to help the Company's shareholders realize the true value of their investment. RESI's conflicted and commercially unsuccessful Board continues to deny reality in a futile effort to retain control to the detriment of RESI shareholders while operating the Company for the benefit of entities related to former Chairman William Erbey, which continue to harvest RESI for fees. The Board has ignored the obvious conflicts and its own embarrassing performance since RESI's inception, which includes a cumulative loss of value of approximately $360 million. RSG's nominees are committed to evaluating and pursuing all alternatives to restore value for RESI shareholders. Meanwhile, the incumbent Board is committed to a strategy that transfers value to its external manager, Altisource Asset Management Corporation ("AAMC"), and its external services provider, Altisource Portfolio Solutions S.A. ("ASPS"), neither of which has any incentive to increase RESI's share price. Given the incumbent Board's track record of value destruction, we find it particularly disingenuous that the Company is putting forth the canard that RSG is only looking for a wholesale liquidation that would depress prices. First, RESI management's OWN business plan involves the liquidation of RESI's non-performing loans and real estate owned.1 Second, our slate is open to evaluating ALL alternatives for the proceeds from these sales and for creating value for RESI shareholders as opposed to the incumbent leadership team, which is intent on reinvesting capital into its unproven strategy that only serves to benefit AAMC and ASPS. Third, as long-term investors in RESI, RSG members benefit from the maximization of value of RESI, not from the fees it generates for others. Finally, we note that the Company has confused the intent of our significant share purchases after what RESI terms "the diversification of its acquisition strategy." Far from being supportive of the strategy, the significant share price decline after the disastrous strategy shift caused RESI shares to trade at a significant discount to tangible book value and net asset value, creating an attractive investment opportunity for members of RSG. We have only resorted to this proxy contest after the Board has failed to act to restore value. Why Change Is Needed: Massive drain of RESI shareholder value to Erbey-related entities: RESI shareholder LOSSES since inception = approximately $360 million. AAMC, ASPS and Ocwen Financial Corporation ("Ocwen") PAYMENTS since inception = approximately $300 million. Regulatory Issues: William Erbey, the former Chairman of RESI and founder of Ocwen, was forced to resign as Chairman of RESI, AAMC, ASPS and Ocwen in connection with the Consent Order entered into by Ocwen with the New York Department of Financial Services (which also involved Ocwen paying a civil monetary penalty in the amount of $150 million and $50 million as restitution). On May 2, 2016 ASPS was downgraded by Piper Jaffray citing high legal and regulatory risks associated with ASPS, including a New York Department of Financial Services pricing study and an SEC investigation regarding inter-company pricing.2 Deeply troubling conflicts of interest in the boardroom: 80% of the Company's directors have direct or indirect connections to AAMC and ASPS that make us question their ability to independently act in the best interests of RESI shareholders. Misaligned interests between external manager AAMC and RESI shareholders: Of the three fees that AAMC is entitled to under its asset management agreement with RESI, not one is tied to RESI's share price performance. Board's commitment to a failed strategy that has destroyed shareholder value: The Board apparently believes in maintaining the status quo while casually ignoring its responsibility for the staggering $1.3 billion collapse in RESI's market cap since the share price peaked in early 2014, a period in which home prices have continued to appreciate. The incumbent Board recently slashed RESI's dividend by approximately 73% and advised that the dividend will continue to be volatile3 – an indication of uncertainty and an apparent lack of confidence in its strategy. RESI's stock price is down 38.1% since the Company's abrupt shift in strategy to the outright purchase of single-family rental ("SFR") units. RESI trades at approximately 56.5% of tangible book value. Our nominees can restore investor confidence and recover value for RESI shareholders: Our nominees are committed to halting the current failed strategy and returning significant amounts of capital to shareholders. Our nominees are committed to fully and fairly exploring all strategic alternatives available to the Company. Our nominees represent the best interests of RESI shareholders, not its external managers. The manner in which the Company is being operated has left us no choice but to run a proxy contest seeking control of the Board to align the interests of the Board and management team with the interests of RESI shareholders. Destruction of Shareholder Value at RESI The Company previously raised approximately $1.2 billion of equity in the public markets with a strategy of purchasing deeply discounted sub–performing and non-performing loan portfolios during a period of market turmoil with the intent of converting the loans into SFR units. Specifically, in a 2013 investor presentation, RESI described its model as differentiated when noting its acquisitions strategy was based on a "multifaceted approach with focus on NPLs" in sharp contrast to others who were "reliant on direct to market ...Full story available on Benzinga.com
05/02/16 12:29 PMPiper Jaffray Cos. :PJC-US: Earnings Analysis: Q1, 2016 By the Numbers -
05/02/16 12:21 PMRuth's Hospitality +7% after Piper Jaffray stays optimistic -
05/02/16 08:54 AMIgnyta Announces Full Exercise Of Underwriters' Option To Purchase Additional Shares - or from Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, or by telephone at (800) 747-3924, or by email at [email protected] This press release shall not constitute an offer to sell or the ...
04/29/16 09:04 AMPiper Jaffray Completes ThunderRoad Motorcycle Trust's First-Ever Asset-Backed Securitization - Piper Jaffray Companies (NYSE:PJC), a leading investment bank and asset management firm, is pleased to announce ThunderRoad Financial, LLC through its issuer affiliate, ThunderRoad Motorcycle Trust 2016-1, issued its Series 2016-1 Asset-Backed Notes ...
04/29/16 09:04 AMPiper Jaffray's (PJC) CEO Andrew Duff on Q1 2016 Results - Earnings Call Transcript - Good morning and welcome to the Piper Jaffray Companies’ Conference Call to discuss the First Quarter 2016 Earnings Results. During the question-and-answer session, securities and industry professionals may ask questions of management. The Company has ...
04/29/16 07:39 AMPiper Jaffray Cos. breached its 50 day moving average in a Bearish Manner : PJC-US : April 29, 2016 -
04/28/16 06:19 PMWhy Beazer Homes, Ocwen Financial, and Piper Jaffray Slumped Today - These three stocks helped lead the market lower. Find out why.
04/28/16 12:45 PMEdited Transcript of PJC earnings conference call or presentation 28-Apr-16 1:00pm GMT -
04/28/16 10:34 AMPiper Jaffray punished after weak quarter -
About Piper Jaffray

Piper Jaffray logoPiper 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.

Industry, Sector and Symbol:
  • Sector: Financial Services
  • Industry: Investment Brokerage - Regional
  • Sub-Industry: Investment Banking & Brokerage
  • Exchange: NYSE
  • Symbol: PJC
  • CUSIP: 72407810
Key Metrics:
  • Previous Close: $35.92
  • 50 Day Moving Average: $40.60
  • 200 Day Moving Average: $41.48
  • P/E Ratio: 14.47
  • P/E Growth: 1.22
  • Market Cap: $578.10M
  • Current Quarter EPS Consensus Estimate: $3.45 EPS
Additional Links:
Piper Jaffray (NYSE:PJC) Chart for Wednesday, June, 29, 2016


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