JMP Group LLC (NYSE:JMP) announced a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.04 per share by the financial services provider on Friday, May 31st. This represents a $0.16 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Thursday, May 16th.
JMP Group has decreased its dividend payment by an average of 4.7% per year over the last three years. JMP Group has a dividend payout ratio of 47.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect JMP Group to earn $0.44 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 36.4%.
JMP stock opened at $3.90 on Wednesday. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 12.53. The firm has a market capitalization of $78.75 million, a price-to-earnings ratio of 13.91, a P/E/G ratio of 1.11 and a beta of 0.99. JMP Group has a 1 year low of $3.71 and a 1 year high of $5.72.
JMP Group (NYSE:JMP) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.13. The company had revenue of $27.17 million for the quarter, compared to analysts’ expectations of $25.33 million. JMP Group had a return on equity of 9.33% and a net margin of 2.32%. As a group, analysts predict that JMP Group will post 0.34 EPS for the current year.
A number of equities research analysts have issued reports on JMP shares. Singular Research reiterated a “buy” rating on shares of JMP Group in a research note on Tuesday, February 26th. ValuEngine cut JMP Group from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research raised JMP Group from a “sell” rating to a “hold” rating in a report on Friday, February 15th. One analyst has rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the stock. JMP Group presently has an average rating of “Buy” and an average target price of $6.25.
In other JMP Group news, CEO Joseph A. Jolson purchased 15,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were bought at an average cost of $4.01 per share, with a total value of $60,150.00. Following the completion of the acquisition, the chief executive officer now owns 77,026 shares of the company’s stock, valued at $308,874.26. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joseph A. Jolson purchased 7,506 shares of the stock in a transaction dated Thursday, April 18th. The shares were acquired at an average cost of $3.98 per share, for a total transaction of $29,873.88. Following the completion of the acquisition, the chief executive officer now directly owns 77,026 shares of the company’s stock, valued at approximately $306,563.48. The disclosure for this purchase can be found here. Insiders have bought 206,506 shares of company stock worth $812,196 over the last three months. Corporate insiders own 54.86% of the company’s stock.
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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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