Joseph A. Jolson Buys 3,323 Shares of JMP Group LLC (JMP) Stock

JMP Group LLC (NYSE:JMP) CEO Joseph A. Jolson bought 3,323 shares of the stock in a transaction on Wednesday, November 7th. The stock was purchased at an average price of $4.98 per share, with a total value of $16,548.54. Following the completion of the acquisition, the chief executive officer now directly owns 77,026 shares in the company, valued at approximately $383,589.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE JMP traded down $0.02 during mid-day trading on Thursday, reaching $4.96. 205 shares of the company were exchanged, compared to its average volume of 30,071. The company has a debt-to-equity ratio of 10.48, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a market capitalization of $106.62 million, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66. JMP Group LLC has a 1 year low of $4.80 and a 1 year high of $5.78.

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

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date is Thursday, November 29th. JMP Group’s dividend payout ratio (DPR) is currently 180.00%.

JMP has been the subject of several research reports. Barrington Research reiterated a “buy” rating and issued a $8.00 target price on shares of JMP Group in a report on Tuesday, July 24th. Zacks Investment Research upgraded JMP Group from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a report on Thursday, October 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $6.42.

A hedge fund recently bought a new stake in JMP Group stock. First Republic Investment Management Inc. acquired a new position in shares of JMP Group LLC (NYSE:JMP) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 26,476 shares of the financial services provider’s stock, valued at approximately $142,000. First Republic Investment Management Inc. owned about 0.12% of JMP Group at the end of the most recent reporting period. Institutional investors and hedge funds own 12.51% of the company’s stock.

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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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