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

Nebula Research & Development LLC purchased a new position in Piper Sandler Companies (NYSE:PIPR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,596 shares of the financial services provider's stock, valued at approximately $479,000.

Several other institutional investors have also bought and sold shares of the company. Barclays PLC lifted its position in shares of Piper Sandler Companies by 307.2% during the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider's stock valued at $9,174,000 after buying an additional 24,388 shares during the last quarter. Tidal Investments LLC grew its stake in Piper Sandler Companies by 75.7% during the third quarter. Tidal Investments LLC now owns 6,104 shares of the financial services provider's stock valued at $1,732,000 after acquiring an additional 2,629 shares in the last quarter. GAMMA Investing LLC boosted its stake in Piper Sandler Companies by 27.6% during the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock valued at $83,000 after buying an additional 60 shares during the period. Modus Advisors LLC bought a new stake in Piper Sandler Companies during the fourth quarter valued at approximately $404,000. Finally, Oliver Luxxe Assets LLC raised its position in Piper Sandler Companies by 5.7% during the fourth quarter. Oliver Luxxe Assets LLC now owns 11,838 shares of the financial services provider's stock valued at $3,551,000 after purchasing an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 72.79% of the company's stock.

Piper Sandler Companies Price Performance

Shares of PIPR traded up $9.19 during trading hours on Friday, hitting $252.00. The company had a trading volume of 262,103 shares, compared to its average volume of 118,950. Piper Sandler Companies has a 52-week low of $201.97 and a 52-week high of $351.80. The firm has a market cap of $4.48 billion, a PE ratio of 24.66 and a beta of 1.50.

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of 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. StockNews.com lowered shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a report on Monday, February 3rd.

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.