JMP Group Inc. (NYSE:JMP) CEO Joseph A. Jolson acquired 4,762 shares of JMP Group stock in a transaction that occurred on Wednesday, October 12th. The shares were bought at an average price of $5.50 per share, for a total transaction of $26,191.00. Following the transaction, the chief executive officer now owns 113,317 shares of the company’s stock, valued at approximately $623,243.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of JMP Group Inc. (NYSE:JMP) opened at 5.53 on Wednesday. JMP Group Inc. has a one year low of $4.95 and a one year high of $6.66. The firm’s 50-day moving average price is $5.54 and its 200-day moving average price is $5.44. The stock’s market capitalization is $115.88 million.
JMP Group (NYSE:JMP) last issued its earnings results on Wednesday, July 27th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $29.70 million for the quarter, compared to analyst estimates of $40.50 million. JMP Group had a positive return on equity of 2.69% and a negative net margin of 1.96%. Equities research analysts anticipate that JMP Group Inc. will post $0.40 EPS for the current fiscal year.
A number of brokerages recently commented on JMP. TheStreet downgraded JMP Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th. Zacks Investment Research downgraded JMP Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th.
A hedge fund recently bought a new stake in JMP Group stock. Emerald Acquisition Ltd. bought a new stake in JMP Group Inc. (NYSE:JMP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 96,429 shares of the company’s stock, valued at approximately $524,000. Emerald Acquisition Ltd. owned approximately 0.46% of JMP Group as of its most recent SEC filing. Institutional investors 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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