JMP Group LLC (NYSE:JMP) President Carter D. Mack purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The stock was acquired at an average cost of $5.00 per share, for a total transaction of $100,000.00. Following the transaction, the president now owns 303,921 shares in the company, valued at approximately $1,519,605. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE JMP opened at $4.93 on Friday. JMP Group LLC has a fifty-two week low of $4.80 and a fifty-two week high of $5.78. The stock has a market capitalization of $107.05 million, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 2.00 and a beta of 0.59. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 10.48.
JMP Group (NYSE:JMP) last announced its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). JMP Group had a negative net margin of 2.51% and a positive return on equity of 6.65%. The business had revenue of $33.25 million during the quarter, compared to the consensus estimate of $41.30 million. As a group, sell-side analysts expect that JMP Group LLC will post 0.25 earnings per share for the current year.
The firm also recently declared a monthly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a $0.03 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.36 annualized dividend and a yield of 7.30%. JMP Group’s payout ratio is 180.00%.
Several equities analysts recently weighed in on JMP shares. Zacks Investment Research raised shares of JMP Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. ValuEngine cut shares of JMP Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 5th. TheStreet raised shares of JMP Group from a “d+” rating to a “c-” rating in a research report on Friday, July 6th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $8.00 price target on shares of JMP Group in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $6.42.
A hedge fund recently bought a new stake in JMP Group stock. First Republic Investment Management Inc. purchased a new stake in JMP Group LLC (NYSE:JMP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission. 12.51% of the stock is currently owned by hedge funds and other institutional investors.
About JMP Group
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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