nVerses Capital LLC Has $46,000 Position in Piper Sandler Companies (NYSE:PIPR)

nVerses Capital LLC lifted its holdings in Piper Sandler Companies (NYSE:PIPR) by 100.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 200 shares of the financial services provider’s stock after buying an additional 100 shares during the period. nVerses Capital LLC’s holdings in Piper Sandler Companies were worth $46,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PIPR. Blue Trust Inc. lifted its stake in Piper Sandler Companies by 194.7% in the 2nd quarter. Blue Trust Inc. now owns 112 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 74 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Piper Sandler Companies by 62.1% in the 4th quarter. Parallel Advisors LLC now owns 167 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 64 shares during the period. Mather Group LLC. purchased a new stake in shares of Piper Sandler Companies in the first quarter worth approximately $64,000. FSC Wealth Advisors LLC boosted its holdings in shares of Piper Sandler Companies by 39.0% during the second quarter. FSC Wealth Advisors LLC now owns 346 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 97 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in Piper Sandler Companies during the first quarter valued at approximately $90,000. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel John W. Geelan sold 1,789 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $256.73, for a total transaction of $459,289.97. Following the transaction, the general counsel now owns 15,065 shares of the company’s stock, valued at approximately $3,867,637.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, General Counsel John W. Geelan sold 1,789 shares of Piper Sandler Companies stock in a transaction on Friday, August 9th. The shares were sold at an average price of $256.73, for a total value of $459,289.97. Following the transaction, the general counsel now owns 15,065 shares in the company, valued at approximately $3,867,637.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan J. Doyle sold 12,695 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $236.63, for a total transaction of $3,004,017.85. Following the transaction, the insider now directly owns 160,095 shares of the company’s stock, valued at approximately $37,883,279.85. The disclosure for this sale can be found here. Insiders sold 16,276 shares of company stock valued at $3,936,252 over the last quarter. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

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

Piper Sandler Companies Price Performance

PIPR opened at $261.96 on Thursday. The company has a market capitalization of $4.64 billion, a PE ratio of 44.55 and a beta of 1.40. Piper Sandler Companies has a fifty-two week low of $130.89 and a fifty-two week high of $280.45. The business has a 50-day moving average of $261.49 and a 200-day moving average of $241.55.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Friday, August 2nd. The financial services provider reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.26. Piper Sandler Companies had a net margin of 9.23% and a return on equity of 15.36%. The firm had revenue of $357.00 million during the quarter, compared to analysts’ expectations of $338.90 million. During the same period in the previous year, the company earned $1.13 earnings per share. The company’s revenue was up 23.7% compared to the same quarter last year. On average, equities research analysts expect that Piper Sandler Companies will post 11.53 earnings per share for the current fiscal year.

Piper Sandler Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 29th will be issued a dividend of $0.65 per share. This is a positive change from Piper Sandler Companies’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, August 29th. Piper Sandler Companies’s dividend payout ratio (DPR) is 44.22%.

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.