JMP Group (NYSE:JMP) issued its earnings results on Wednesday. The financial services provider reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.10, Bloomberg Earnings reports. JMP Group had a negative net margin of 11.87% and a positive return on equity of 2.90%.
JMP Group (NYSE:JMP) remained flat at $$5.50 during trading on Wednesday. The company had a trading volume of 17,532 shares, compared to its average volume of 31,782. JMP Group has a 52-week low of $5.13 and a 52-week high of $7.70. The company has a debt-to-equity ratio of 7.31, a quick ratio of 3.25 and a current ratio of 3.25. The stock has a market cap of $118.60, a price-to-earnings ratio of -8.73, a price-to-earnings-growth ratio of 1.28 and a beta of 0.79.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date is Tuesday, February 27th. JMP Group’s dividend payout ratio is -57.14%.
JMP Group declared that its board has approved a share repurchase program on Wednesday, December 13th that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
A number of equities analysts recently commented on JMP shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $5.75 price objective on shares of JMP Group in a research note on Thursday, January 11th. Zacks Investment Research lowered shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th.
In other news, Director Thomas Rowe Wright acquired 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average price of $5.33 per share, with a total value of $66,625.00. Following the purchase, the director now owns 363,636 shares of the company’s stock, valued at approximately $1,938,179.88. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company 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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