JMP Group LLC (JMP) CEO Joseph A. Jolson Buys 65,605 Shares

JMP Group LLC (NYSE:JMP) CEO Joseph A. Jolson bought 65,605 shares of the stock in a transaction on Thursday, October 25th. The stock was acquired at an average price of $5.05 per share, with a total value of $331,305.25. Following the completion of the acquisition, the chief executive officer now owns 77,026 shares of the company’s stock, valued at approximately $388,981.30. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

JMP opened at $5.00 on Friday. JMP Group LLC has a 1-year low of $4.80 and a 1-year high of $5.78. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 10.48. The firm has a market capitalization of $108.33 million, a price-to-earnings ratio of 25.00 and a beta of 0.59.

JMP Group (NYSE:JMP) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). JMP Group had a negative net margin of 3.67% and a positive return on equity of 7.03%. The firm had revenue of $33.25 million during the quarter, compared to the consensus estimate of $41.30 million. On average, equities analysts predict that JMP Group LLC will post 0.34 earnings per share for the current year.

The company also recently announced 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. This represents a $0.36 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date is Thursday, November 29th. JMP Group’s payout ratio is 180.00%.

Several research firms have recently weighed in on JMP. Zacks Investment Research upgraded shares of JMP Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. ValuEngine lowered shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 5th. TheStreet upgraded shares of JMP Group from a “d+” rating to a “c-” rating in a research note on Friday, July 6th. Finally, Barrington Research reiterated a “buy” rating and issued a $8.00 price objective on shares of JMP Group in a research note on Tuesday, July 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.42.

An institutional investor recently bought a new position in JMP Group stock. First Republic Investment Management Inc. acquired a new stake in shares of JMP Group LLC (NYSE:JMP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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. 12.51% of the stock is currently owned by institutional investors.

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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