JMP Group Inc. (NYSE:JMP) CEO Joseph A. Jolson acquired 15,254 shares of the stock in a transaction dated Tuesday, September 27th. The shares were acquired at an average cost of $5.50 per share, with a total value of $83,897.00. Following the completion of the transaction, the chief executive officer now owns 113,317 shares in the company, valued at approximately $623,243.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of JMP Group Inc. (NYSE:JMP) opened at 5.50 on Friday. JMP Group Inc. has a 12 month low of $4.95 and a 12 month high of $6.72. The firm’s market capitalization is $115.25 million. The company has a 50 day moving average price of $5.63 and a 200-day moving average price of $5.40.
JMP Group (NYSE:JMP) last issued its earnings results on Wednesday, July 27th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. JMP Group had a positive return on equity of 2.69% and a negative net margin of 1.96%. The firm had revenue of $29.70 million for the quarter, compared to analysts’ expectations of $40.50 million. Equities research analysts expect that JMP Group Inc. will post $0.40 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date of this dividend was Monday, August 29th. JMP Group’s payout ratio is currently -276.92%.
A number of hedge funds and other institutional investors have recently modified their holdings of JMP. GSA Capital Partners LLP boosted its position in shares of 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 during the last quarter. Emerald Acquisition Ltd. bought a new position in JMP Group during the second quarter valued at approximately $524,000. Finally, Continental Advisors LLC raised its position in JMP Group by 6.3% in the first quarter. Continental Advisors LLC now owns 253,226 shares of the company’s stock valued at $1,324,000 after buying an additional 14,900 shares during the period. Hedge funds and other institutional investors own 14.60% of the company’s stock.
Several research analysts have recently issued reports on JMP shares. TheStreet cut JMP Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th. Zacks Investment Research cut JMP Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th.
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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