JMP Group Inc. (NYSE:JMP) CEO Joseph A. Jolson bought 38,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was bought at an average price of $5.49 per share, for a total transaction of $208,620.00. Following the completion of the purchase, the chief executive officer now owns 113,317 shares of the company’s stock, valued at $622,110.33. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of JMP Group Inc. (NYSE:JMP) opened at 5.57 on Tuesday. JMP Group Inc. has a 52 week low of $4.95 and a 52 week high of $6.72. The stock’s market capitalization is $116.71 million. The company’s 50 day moving average is $5.60 and its 200-day moving average is $5.38.
JMP Group (NYSE:JMP) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. JMP Group had a negative net margin of 1.96% and a positive return on equity of 2.69%. The company earned $29.70 million during the quarter, compared to analysts’ expectations of $40.50 million. On average, equities analysts predict that JMP Group Inc. will post $0.40 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.03 per share. The ex-dividend date was Monday, August 29th. This represents a $0.36 dividend on an annualized basis and a yield of 6.46%. JMP Group’s dividend payout ratio is currently -276.92%.
A number of research firms have weighed in on JMP. Zacks Investment Research cut shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. TheStreet cut shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th.
A number of hedge funds have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. purchased a new stake in JMP Group during the second quarter worth $524,000. GSA Capital Partners LLP raised its stake in JMP Group by 21.8% in the second quarter. GSA Capital Partners LLP now owns 88,919 shares of the company’s stock worth $483,000 after buying an additional 15,916 shares in the last quarter. Continental Advisors LLC raised its stake in JMP Group by 6.3% in the first quarter. Continental Advisors LLC now owns 253,226 shares of the company’s stock worth $1,324,000 after buying an additional 14,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in JMP Group by 25.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,275 shares of the company’s stock worth $174,000 after buying an additional 6,686 shares in the last quarter. Institutional investors and hedge funds own 14.60% of the company’s stock.
About JMP Group
JMP Group, Inc is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income and Corporate Costs. The Broker-Dealer segment includes a range of 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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