JMP Group Inc. (JMP) CEO Joseph A. Jolson Acquires 4,000 Shares
JMP Group Inc. (NYSE:JMP) CEO Joseph A. Jolson bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was purchased at an average price of $5.50 per share, with a total value of $22,000.00. Following the completion of the purchase, the chief executive officer now owns 113,317 shares in the company, valued at $623,243.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
JMP Group Inc. (NYSE:JMP) opened at 5.52 on Wednesday. JMP Group Inc. has a 52-week low of $4.95 and a 52-week high of $6.72. The firm’s market capitalization is $115.67 million. The firm’s 50-day moving average is $5.61 and its 200-day moving average is $5.38.
JMP Group (NYSE:JMP) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The company had revenue of $29.70 million for the quarter, compared to analyst estimates 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 anticipate that JMP Group Inc. will post $0.40 earnings per share for the current year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/jmp-group-inc-jmp-ceo-joseph-a-jolson-acquires-4000-shares.html
The business also recently declared a monthly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.36 annualized dividend and a yield of 6.52%. JMP Group’s dividend payout ratio is currently -276.92%.
Several equities analysts recently issued reports on JMP shares. Zacks Investment Research cut shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. TheStreet cut shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th.
A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in shares of JMP Group by 25.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,275 shares of the company’s stock worth $174,000 after buying an additional 6,686 shares during the period. Continental Advisors LLC raised 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 during the period. GSA Capital Partners LLP raised 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 period. Finally, Emerald Acquisition Ltd. acquired a new position in shares of JMP Group during the second quarter worth about $524,000. Institutional investors 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.
Receive News & Ratings for JMP Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JMP Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.