JMP Group LLC (NYSE:JMP) has received an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.50.
Several research firms have recently issued reports on JMP. Zacks Investment Research raised JMP Group from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research note on Thursday, October 11th. Barrington Research reaffirmed an “outperform” rating on shares of JMP Group in a research note on Thursday, October 25th.
In related news, President Carter D. Mack acquired 20,000 shares of the stock in a transaction dated Tuesday, October 30th. The stock was acquired at an average cost of $5.00 per share, with a total value of $100,000.00. Following the purchase, the president now directly owns 303,921 shares of the company’s stock, valued at $1,519,605. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph A. Jolson acquired 65,605 shares of the stock in a transaction dated Thursday, October 25th. The stock was bought at an average cost of $5.05 per share, with a total value of $331,305.25. Following the completion of the purchase, the chief executive officer now directly owns 77,026 shares in the company, valued at $388,981.30. The disclosure for this purchase can be found here. Insiders bought a total of 233,257 shares of company stock valued at $1,170,654 over the last ninety days. Corporate insiders own 52.75% of the company’s stock.
A hedge fund recently bought a new stake in JMP Group stock. First Republic Investment Management Inc. purchased a new position in JMP Group LLC (NYSE:JMP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,476 shares of the financial services provider’s stock, valued at approximately $142,000. First Republic Investment Management Inc. owned 0.12% of JMP Group as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 14.35% of the company’s stock.
Shares of JMP Group stock opened at $4.70 on Friday. JMP Group has a 12 month low of $4.68 and a 12 month high of $5.72. The company has a market cap of $102.65 million, a P/E ratio of 14.61, a PEG ratio of 1.93 and a beta of 0.66. The company has a debt-to-equity ratio of 11.92, a current ratio of 2.64 and a quick ratio of 2.64.
JMP Group (NYSE:JMP) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). The company had revenue of $33.25 million during the quarter, compared to the consensus estimate of $41.30 million. JMP Group had a negative net margin of 2.51% and a positive return on equity of 6.74%. Research analysts predict that JMP Group will post 0.25 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 7.66%. The ex-dividend date of this dividend is Thursday, November 29th. JMP Group’s payout ratio is 180.00%.
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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