Nebula Research & Development LLC Takes $479,000 Position in Piper Sandler Companies (NYSE:PIPR)

Nebula Research & Development LLC bought a new position in Piper Sandler Companies (NYSE:PIPR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,596 shares of the financial services provider's stock, valued at approximately $479,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in shares of Piper Sandler Companies by 5.2% during the 4th quarter. Quadrant Capital Group LLC now owns 754 shares of the financial services provider's stock worth $226,000 after purchasing an additional 37 shares during the period. Arizona State Retirement System raised its position in Piper Sandler Companies by 0.8% in the fourth quarter. Arizona State Retirement System now owns 5,137 shares of the financial services provider's stock worth $1,541,000 after acquiring an additional 40 shares during the period. GAMMA Investing LLC boosted its stake in Piper Sandler Companies by 27.6% in the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock valued at $83,000 after acquiring an additional 60 shares during the last quarter. Summit Investment Advisors Inc. grew its position in shares of Piper Sandler Companies by 4.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,816 shares of the financial services provider's stock valued at $545,000 after acquiring an additional 85 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Piper Sandler Companies by 30.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 375 shares of the financial services provider's stock worth $112,000 after purchasing an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 72.79% of the company's stock.

Piper Sandler Companies Trading Down 1.7 %

Piper Sandler Companies stock traded down $4.34 during mid-day trading on Monday, reaching $247.54. The company's stock had a trading volume of 21,710 shares, compared to its average volume of 118,747. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 24.28 and a beta of 1.50. Piper Sandler Companies has a 12-month low of $201.97 and a 12-month high of $351.80.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The financial services provider reported $4.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $1.24. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. The company had revenue of $357.27 million for the quarter, compared to analyst estimates of $366.99 million. During the same period in the previous year, the company posted $2.79 EPS. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities research analysts forecast that Piper Sandler Companies will post 14.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PIPR shares. StockNews.com downgraded Piper Sandler Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday. Finally, The Goldman Sachs Group cut their price target on Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating for the company in a research note on Friday, March 14th.

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.