Media coverage about JMP Group (NYSE:JMP) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. JMP Group earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.6088640521575 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
JMP Group (NYSE JMP) opened at $5.52 on Tuesday. The company has a debt-to-equity ratio of 7.31, a quick ratio of 3.25 and a current ratio of 3.25. JMP Group has a fifty-two week low of $5.13 and a fifty-two week high of $7.70. The company has a market cap of $118.60, a price-to-earnings ratio of -8.63, a PEG ratio of 1.30 and a beta of 0.68.
The business also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 6.52%. The ex-dividend date is Tuesday, February 27th. JMP Group’s dividend payout ratio is currently -56.25%.
JMP Group declared that its board has approved a stock repurchase plan on Wednesday, December 13th that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of JMP Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 4th. Keefe, Bruyette & Woods restated a “hold” rating and set a $6.00 price target on shares of JMP Group in a report on Friday, November 3rd.
In related news, Director Thomas Rowe Wright purchased 12,500 shares of the stock in a transaction dated Tuesday, November 28th. The shares were acquired at an average cost of $5.33 per share, for a total transaction of $66,625.00. Following the acquisition, the director now directly owns 363,636 shares in the company, valued at approximately $1,938,179.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 52.11% of the company’s stock.
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About JMP Group
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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