Carter D. Mack Buys 20,000 Shares of JMP Group LLC (JMP) Stock

JMP Group LLC (NYSE:JMP) President Carter D. Mack acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The stock was bought at an average price of $5.00 per share, with a total value of $100,000.00. Following the purchase, the president now directly owns 303,921 shares in the company, valued at approximately $1,519,605. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of JMP opened at $4.99 on Wednesday. The company has a debt-to-equity ratio of 10.48, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a market capitalization of $106.19 million, a PE ratio of 24.95 and a beta of 0.59. JMP Group LLC has a 1 year low of $4.80 and a 1 year high of $5.78.

JMP Group (NYSE:JMP) last announced 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 analysts’ expectations of $41.30 million. JMP Group had a negative net margin of 2.51% and a positive return on equity of 6.65%. As a group, sell-side analysts expect that JMP Group LLC will post 0.25 EPS 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 7.21%. The ex-dividend date is Thursday, November 29th. JMP Group’s payout ratio is presently 180.00%.

JMP has been the subject of several recent research reports. Barrington Research reiterated a “buy” rating and issued a $8.00 price objective on shares of JMP Group in a research note on Thursday, October 11th. Zacks Investment Research upgraded 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. TheStreet upgraded 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. JMP Group presently has a consensus rating of “Hold” and a consensus target price of $6.42.

A hedge fund recently bought a new stake in JMP Group stock. First Republic Investment Management Inc. acquired a new stake in JMP Group LLC (NYSE:JMP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 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. Institutional investors and hedge funds own 12.51% of the company’s stock.

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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