JMP Group LLC (JMP) CEO Joseph A. Jolson Buys 5,500 Shares

JMP Group LLC (NYSE:JMP) CEO Joseph A. Jolson acquired 5,500 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The shares were acquired at an average price of $5.00 per share, for a total transaction of $27,500.00. Following the purchase, the chief executive officer now owns 77,026 shares of the company’s stock, valued at $385,130. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

JMP traded down $0.02 on Thursday, hitting $4.96. 205 shares of the company’s stock were exchanged, compared to its average volume of 30,071. The firm has a market cap of $106.62 million, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66. JMP Group LLC has a twelve month low of $4.80 and a twelve month high of $5.78. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 10.48.

JMP Group (NYSE:JMP) last released its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). JMP Group had a positive return on equity of 6.65% and a negative net margin of 2.51%. The business had revenue of $33.25 million for the quarter, compared to analyst estimates of $41.30 million. Research analysts anticipate that JMP Group LLC will post 0.25 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.03 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 7.26%. JMP Group’s payout ratio is currently 180.00%.

A hedge fund recently bought a new stake in JMP Group stock. First Republic Investment Management Inc. purchased a new stake in JMP Group LLC (NYSE:JMP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 26,476 shares of the financial services provider’s stock, valued at approximately $142,000. First Republic Investment Management Inc. owned 0.12% of JMP Group at the end of the most recent quarter. Hedge funds and other institutional investors own 12.51% of the company’s stock.

Several research firms recently weighed in on JMP. Barrington Research reiterated a “buy” rating and set a $8.00 price objective on shares of JMP Group in a research note on Tuesday, July 24th. Zacks Investment Research upgraded shares of JMP Group from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research note on Thursday, October 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.42.

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About JMP Group

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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