JMP Group LLC (JMP) CEO Joseph A. Jolson Purchases 36,395 Shares

JMP Group LLC (NYSE:JMP) CEO Joseph A. Jolson bought 36,395 shares of JMP Group stock in a transaction dated Monday, October 29th. The stock was acquired at an average cost of $5.02 per share, with a total value of $182,702.90. Following the completion of the acquisition, the chief executive officer now owns 77,026 shares of the company’s stock, valued at $386,670.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NYSE:JMP opened at $4.80 on Thursday. The firm has a market cap of $106.19 million, a price-to-earnings ratio of 24.00 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. 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 posted its earnings results 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 for the quarter, compared to analysts’ expectations of $41.30 million. JMP Group had a positive return on equity of 6.65% and a negative net margin of 2.51%. On average, analysts predict that JMP Group LLC will post 0.25 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 7.50%. JMP Group’s dividend payout ratio is currently 180.00%.

Several equities analysts recently commented on JMP shares. Zacks Investment Research upgraded JMP Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. ValuEngine downgraded JMP Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 5th. TheStreet upgraded JMP Group from a “d+” rating to a “c-” rating in a research note on Friday, July 6th. Finally, Barrington Research restated a “buy” rating and set a $8.00 target price on shares of JMP Group in a research report on Tuesday, July 24th. One investment 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’s stock. JMP Group presently has an average 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. bought a new position in shares of JMP Group LLC (NYSE:JMP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 at the end of the most recent reporting period. Institutional investors own 12.51% of the company’s stock.

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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