JMP Group Inc. (NYSE:JMP) CEO Joseph A. Jolson bought 10,957 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The shares were purchased at an average cost of $5.49 per share, for a total transaction of $60,153.93. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink.
JMP Group Inc. (NYSE:JMP) opened at 5.52 on Friday. JMP Group Inc. has a 52 week low of $4.95 and a 52 week high of $6.72. The firm’s 50-day moving average is $5.63 and its 200-day moving average is $5.40. The company’s market cap is $115.67 million.
JMP Group (NYSE:JMP) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business earned $29.70 million during the quarter, compared to analysts’ expectations of $40.50 million. JMP Group had a negative net margin of 1.96% and a positive return on equity of 2.69%. On average, analysts expect that JMP Group Inc. will post $0.40 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which was paid on Thursday, September 15th. Shareholders 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 6.52%. The ex-dividend date was Monday, August 29th. JMP Group’s payout ratio is -276.92%.
A number of equities research analysts recently weighed in on JMP shares. Zacks Investment Research raised JMP Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. TheStreet downgraded JMP Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th.
A number of large investors have recently bought and sold shares of the company. Continental Advisors LLC boosted its position in shares of 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. Emerald Acquisition Ltd. acquired a new position in shares of JMP Group during the second quarter worth about $524,000. Finally, 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 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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