JMP Group (JMP) Stock Rating Reaffirmed by Barrington Research

JMP Group (NYSE:JMP)‘s stock had its “buy” rating reissued by analysts at Barrington Research in a note issued to investors on Thursday. They presently have a $8.00 price objective on the financial services provider’s stock. Barrington Research’s target price suggests a potential upside of 56.86% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised JMP Group from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research note on Thursday. TheStreet raised JMP Group from a “d+” rating to a “c-” rating in a research note on Friday, July 6th. Finally, ValuEngine cut JMP Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. JMP Group has a consensus rating of “Hold” and an average price target of $6.42.

Shares of JMP traded up $0.02 during mid-day trading on Thursday, hitting $5.10. 9,167 shares of the company’s stock traded hands, compared to its average volume of 23,122. The company has a debt-to-equity ratio of 10.48, a quick ratio of 1.96 and a current ratio of 1.96. JMP Group has a 1 year low of $4.92 and a 1 year high of $5.78. The stock has a market capitalization of $113.91 million, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59.

JMP Group (NYSE:JMP) last posted its earnings results on Wednesday, July 25th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.13. JMP Group had a positive return on equity of 7.03% and a negative net margin of 3.67%. The firm had revenue of $44.26 million for the quarter, compared to analysts’ expectations of $30.20 million. Research analysts forecast that JMP Group will post 0.34 EPS for the current fiscal year.

In other news, CEO Joseph A. Jolson purchased 5,004 shares of the company’s stock in a transaction that occurred on Monday, October 8th. The shares were bought at an average cost of $5.00 per share, for a total transaction of $25,020.00. Following the completion of the transaction, the chief executive officer now directly owns 77,026 shares of the company’s stock, valued at approximately $385,130. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 52.75% of the company’s stock.

An institutional investor recently bought a new position in JMP Group stock. First Republic Investment Management Inc. purchased a new stake in shares of JMP Group LLC (NYSE:JMP) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,476 shares of the financial services provider’s stock, valued at approximately $142,000. First Republic Investment Management Inc. owned approximately 0.12% of JMP Group as of its most recent SEC filing. Hedge funds and other institutional investors own 12.51% of the company’s stock.

JMP Group Company Profile

JMP Group LLC, together with its subsidiaries, provides investment banking, sales and trading, equity research, and asset management products and services in the United States. The company operates through three segments: Broker-Dealer, Asset Management, and Corporate. The Broker-Dealer segment offers various 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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