JMP Group LLC (NYSE:JMP) CEO Joseph A. Jolson acquired 15,000 shares of the business’s stock in a transaction on Monday, May 14th. The shares were bought at an average cost of $5.05 per share, for a total transaction of $75,750.00. Following 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 Securities & Exchange Commission, which can be accessed through this link.
JMP Group traded up $0.04, reaching $5.12, on Wednesday, Marketbeat reports. The stock had a trading volume of 48,430 shares, compared to its average volume of 17,883. The firm has a market cap of $109.96 million, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 2.32 and a beta of 0.71. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 8.90. JMP Group LLC has a 12-month low of $4.92 and a 12-month high of $7.70.
JMP Group (NYSE:JMP) last released its earnings results on Wednesday, May 2nd. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.08). JMP Group had a negative net margin of 10.16% and a positive return on equity of 4.26%. The firm had revenue of $27.21 million during the quarter, compared to analysts’ expectations of $26.60 million. equities research analysts forecast that JMP Group LLC will post 0.22 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be paid a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date of this dividend is Wednesday, May 30th. JMP Group’s dividend payout ratio is currently 180.00%.
An institutional investor recently raised its position in JMP Group stock. Deutsche Bank AG grew its stake in shares of JMP Group LLC (NYSE:JMP) by 55.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,216 shares of the financial services provider’s stock after acquiring an additional 43,483 shares during the quarter. Deutsche Bank AG owned about 0.57% of JMP Group worth $684,000 at the end of the most recent quarter. Institutional investors and hedge funds own 12.86% of the company’s stock.
A number of equities analysts have recently commented on JMP shares. Barrington Research reaffirmed a “buy” rating and issued a $8.00 target price on shares of JMP Group in a report on Wednesday, May 2nd. Zacks Investment Research raised shares of JMP Group from a “sell” rating to a “hold” rating in a research note on Saturday, April 7th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $5.50 price objective on shares of JMP Group in a research note on Friday, April 6th. Finally, ValuEngine lowered shares of JMP Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th.
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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