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Piper Jaffray Companies (PJC) operates as an investment bank and asset management firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally.
The company's Capital Markets segment offers investment banking and institutional sales, trading, and research services for various equity and fixed income products. It raises capital through equity financings; provides advisory services relating to mergers and acquisitions, equity private placements, debt advisory, and municipal financial advisory services for corporate clients; underwrites debt issuances; and offers financial advisory, loan placement, and interest rate risk management services. This segment also provides public finance investment banking capabilities that focus on state and local governments, cultural and social service non-profit entities, healthcare, education, hospitality, senior living, and transportation sectors.
In addition, it offers equity and fixed income advisory and trade execution services for institutional investors, and government and non-profit entities; and is involved in trading activities for customer facilitation and strategic trading purposes.
Further, the Capital Markets segment engages in merchant banking activities, which comprise equity or debt investments in late stage private companies, and investments in private equity funds and other firm investments and has alternative asset management funds in merchant banking and senior living to invest firm capital, as well as to manage capital from outside investors.
The Asset Management segment provides traditional asset management services with product offerings in equity securities and master limited partnerships to institutions and individuals through separately managed accounts, and open-end and closed-end funds.
Shares are heading higher in an upward trading channel (shown in blue). The lower boundary of the said channel coincides with the stock's 50-day moving average (shown in green). Higher share pirces are expected for this stock.
52-Weeks Trading Range: $35.36 - $81.85
Entry Point: $72.00
Stop Loss: $68.40
Target Price: $79.20
PJC closed at $67.50
