JMP Group LLC (NYSE:JMP) – Investment analysts at Barrington Research cut their FY2017 earnings per share (EPS) estimates for JMP Group in a research note issued on Monday. Barrington Research analyst A. Paris. Jr now expects that the financial services provider will post earnings of $0.32 per share for the year, down from their previous forecast of $0.35.
JMP has been the subject of several other research reports. Keefe, Bruyette & Woods initiated coverage on shares of JMP Group in a research report on Monday. They set a “mkt perform” rating and a $5.75 target price for the company. Zacks Investment Research upgraded shares of JMP Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th.
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JMP Group (NYSE JMP) opened at 5.64 on Tuesday. The firm’s market capitalization is $121.47 million. JMP Group has a one year low of $5.20 and a one year high of $7.70. The company has a 50 day moving average price of $5.47 and a 200-day moving average price of $5.52.
JMP Group (NYSE:JMP) last issued its earnings results on Tuesday, August 1st. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. The business had revenue of $23.14 million for the quarter, compared to analysts’ expectations of $25.20 million. JMP Group had a positive return on equity of 1.52% and a negative net margin of 10.35%.
A hedge fund recently raised its stake in JMP Group stock. Renaissance Technologies LLC lifted its position in JMP Group LLC (NYSE:JMP) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,060 shares of the financial services provider’s stock after buying an additional 685 shares during the period. Renaissance Technologies LLC owned about 0.26% of JMP Group worth $346,000 as of its most recent SEC filing. Institutional investors and hedge funds own 13.01% of the company’s stock.
In other news, Director Glenn H. Tongue acquired 10,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $5.41 per share, for a total transaction of $54,100.00. Following the transaction, the director now directly owns 155,652 shares in the company, valued at $842,077.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 52.11% of the stock is owned by corporate insiders.
The company also recently disclosed a monthly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date was Thursday, September 28th. JMP Group’s dividend payout ratio is currently -66.67%.
About JMP Group
JMP Group, Inc is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income and Corporate Costs. The Broker-Dealer segment includes a range of services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions and financial advisory services in mergers and acquisitions, restructuring and other strategic transactions.
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