News coverage about JMP Group (NYSE:JMP) has trended somewhat negative recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. JMP Group earned a news sentiment score of -0.02 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.6369377301035 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
JMP Group (NYSE:JMP) opened at $5.49 on Friday. The firm has a market capitalization of $117.96, a P/E ratio of -8.58, a P/E/G ratio of 1.28 and a beta of 0.80. JMP Group has a 52-week low of $5.20 and a 52-week high of $7.70. The company has a debt-to-equity ratio of 7.31, a current ratio of 3.25 and a quick ratio of 3.25.
JMP Group (NYSE:JMP) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.04. JMP Group had a positive return on equity of 2.90% and a negative net margin of 11.87%. The company had revenue of $32.03 million during the quarter, compared to analyst estimates of $29.90 million. analysts anticipate that JMP Group will post 0.1 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a dividend of $0.03 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.36 annualized dividend and a dividend yield of 6.56%. JMP Group’s dividend payout ratio is currently -56.25%.
JMP Group declared that its board has approved a stock repurchase program on Wednesday, December 13th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
Several research firms recently commented on JMP. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $5.75 price target on shares of JMP Group in a report on Thursday. Zacks Investment Research cut JMP Group from a “hold” rating to a “strong sell” rating in a report on Thursday, January 4th.
In other news, Director Thomas Rowe Wright purchased 12,500 shares of the stock in a transaction dated Tuesday, November 28th. The stock was acquired at an average cost of $5.33 per share, for a total transaction of $66,625.00. Following the completion of the transaction, the director now directly owns 363,636 shares in the company, valued at approximately $1,938,179.88. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 52.11% of the company’s stock.
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JMP Group Company Profile
JMP Group LLC, formerly 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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