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Piper Jaffray Companies (PJC) CEO Andrew S Duff buys 5,000 Shares

July 23, 2010 | About:
insider

insider

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Chairman and CEO of Piper Jaffray Companies (PJC) Andrew S Duff buys 5,000 shares of PJC on 07/22/2010 at an average price of $28.19 a share.

Piper Jaffray Companies has a market cap of $583.2 million; its shares were traded at around $28.09 with a P/E ratio of 14.3 and P/S ratio of 1.2.

PJC is in the portfolios of John Keeley of Keeley Fund Management, Pioneer Investments.

This is the annual revenues and earnings per share of PJC over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of PJC.


CEO Recent Trades:


  • Buy: Chairman and CEO Andrew S Duff bought 2,500 shares of PJC stock on 04/29/2010 at the average price of 38.68. Andrew S Duff owns at least 191,156 shares after this. The price of the stock has decreased by 27.38% since.

  • Sell: CEO of Piper Jaffray Ltd. David I Wilson sold 7,690 shares of PJC stock on 02/24/2010 at the average price of 44.38. David I Wilson owns at least 40,099 shares after this. The price of the stock has decreased by 36.71% since.



This is the insider trade history vs. stock price of PJC. For the complete insider trading history of PJC, click here.




Directors and Officers Recent Trades:


  • Buy: Head of Asset Management Brien M O'brien bought 1,000 shares of PJC stock on 04/23/2010 at the average price of 37.92. Brien M O'brien owns at least 427,729 shares after this. The price of the stock has decreased by 25.92% since.

  • Sell: Head, Fixed Income Services Martin Bradley Winges sold 3,193 shares of PJC stock on 02/18/2010 at the average price of 44.59. Martin Bradley Winges owns at least 528 shares after this. The price of the stock has decreased by 37% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 2.8/5 (6 votes)

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