JMP Group’s (JMP) “Hold” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their hold rating on shares of JMP Group (NYSE:JMP) in a report released on Thursday, January 11th. The firm currently has a $5.75 price objective on the financial services provider’s stock.

Separately, Zacks Investment Research cut shares of JMP Group from a hold rating to a sell rating in a research report on Wednesday, October 18th.

Shares of JMP Group (NYSE JMP) opened at $5.45 on Thursday. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 7.31. JMP Group has a 12-month low of $5.20 and a 12-month high of $7.70. The firm has a market cap of $118.17, a price-to-earnings ratio of -8.65, a P/E/G ratio of 1.28 and a beta of 0.91.

JMP Group (NYSE:JMP) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. JMP Group had a negative net margin of 11.87% and a positive return on equity of 2.90%. The firm had revenue of $32.03 million during the quarter, compared to analysts’ expectations of $29.90 million. analysts anticipate that JMP Group will post 0.1 earnings per share for the current year.

The firm also recently declared a monthly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.36 dividend on an annualized basis and a yield of 6.61%. JMP Group’s dividend payout ratio (DPR) is -57.14%.

JMP Group announced that its Board of Directors has authorized a share repurchase program on Wednesday, December 13th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

In other news, Director Thomas Rowe Wright acquired 12,500 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was bought at an average cost of $5.33 per share, with a total value of $66,625.00. Following the transaction, the director now directly owns 363,636 shares in the company, valued at approximately $1,938,179.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 52.11% of the company’s stock.

An institutional investor recently raised its position in JMP Group stock. Continental Advisors LLC raised its position in JMP Group LLC (NYSE:JMP) by 12.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 295,326 shares of the financial services provider’s stock after buying an additional 32,000 shares during the period. Continental Advisors LLC owned approximately 1.37% of JMP Group worth $1,660,000 at the end of the most recent quarter. 12.98% of the stock is owned by institutional investors and hedge funds.

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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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