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Weekly CEO Buys Highlight: Piper Jaffray Companies

July 26, 2010 | About:

Last week's top CEO buy company was Piper Jaffray Companies. According to GuruFocus Insider Data, this company had the largest CEO buys during the past week.

Piper Jaffray Companies (NYSE:PJC): Chairman and CEO Andrew S Duff Bought 5,000 Shares

Chairman and CEO of Piper Jaffray Companies (NYSE:PJC) Andrew S Duff bought 5,000 shares on 07/22/2010 at an average price of $31.64. Piper Jaffray Companies is a focused securities firm dedicated to delivering superior financial advice, investment products and transaction execution within selected sectors of the financial services marketplace. Piper Jaffray Companies has a market cap of $656.8 million; its shares were traded at around $31.64 with a P/E ratio of 18.2 and P/S ratio of 1.4.

PJC recently announced net income of $7.4 million, or $0.36 per diluted common share, for the second quarter ended June 30, 2010, compared to net income of $11.6 million, or $0.59 per diluted common share, for the second quarter of 2009 and net income of $0.5 million, or $0.03 per diluted common share, for the first quarter of 2010. Second quarter 2010 net revenues were $127.7 million, compared to $132.3 million in the year-ago period, and $109.6 million for the first quarter of 2010.

John Keeley owns 560,000 shares as of 03/31/2010, which accounts for 0.34% of the $6.62 billion portfolio of Keeley Fund Management.

Buy: Chief Administrative Officer Ronald T Firebaugh bought 3,500 shares of PJC stock on 07/23/2010 at the average price of 28.09. Ronald T Firebaugh owns at least 40,991 shares after this. The price of the stock has increased by 12.64% since. There are mixed trades from other insiders.

For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.

  • 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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