Short Interest in JMP Group LLC (NYSE:JMP) Increases By 400.0%

JMP Group LLC (NYSE:JMP) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 3,000 shares, an increase of 400.0% from the September 30th total of 600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 13,200 shares, the short-interest ratio is currently 0.2 days.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of JMP Group by 65.9% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 48,956 shares of the financial services provider’s stock worth $192,000 after buying an additional 19,441 shares during the last quarter. Wiley BROS. Aintree Capital LLC bought a new stake in shares of JMP Group during the third quarter worth $64,000. Finally, Bard Associates Inc. bought a new stake in shares of JMP Group during the second quarter worth $39,000. 8.62% of the stock is currently owned by hedge funds and other institutional investors.

JMP has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of JMP Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 29th. ValuEngine downgraded shares of JMP Group from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Barrington Research restated a “buy” rating and set a $5.00 price objective on shares of JMP Group in a research report on Thursday, October 24th.

NYSE JMP opened at $3.25 on Thursday. The firm’s fifty day moving average price is $3.37 and its two-hundred day moving average price is $3.68. The stock has a market cap of $63.00 million, a PE ratio of 46.57 and a beta of 0.74. JMP Group has a fifty-two week low of $3.20 and a fifty-two week high of $4.97. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.81 and a current ratio of 1.81.

JMP Group (NYSE:JMP) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.16). The company had revenue of $21.02 million for the quarter, compared to the consensus estimate of $31.10 million. JMP Group had a positive return on equity of 1.78% and a negative net margin of 0.28%. As a group, sell-side analysts predict that JMP Group will post -0.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.92%. JMP Group’s payout ratio is presently 57.14%.

JMP Group Company Profile

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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