Joseph A. Jolson Purchases 4,762 Shares of JMP Group Inc. (JMP) Stock
JMP Group Inc. (NYSE:JMP) CEO Joseph A. Jolson acquired 4,762 shares of the business’s stock in a transaction that occurred on Wednesday, October 12th. The stock was bought at an average cost of $5.50 per share, for a total transaction of $26,191.00. Following the completion of the transaction, the chief executive officer now directly owns 113,317 shares in the company, valued at approximately $623,243.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of JMP Group Inc. (NYSE:JMP) opened at 5.53 on Friday. JMP Group Inc. has a 12 month low of $4.95 and a 12 month high of $6.70. The firm’s 50-day moving average is $5.56 and its 200 day moving average is $5.43. The company’s market capitalization is $115.88 million.
JMP Group (NYSE:JMP) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The firm earned $29.70 million during the quarter, compared to the consensus estimate of $40.50 million. JMP Group had a negative net margin of 1.96% and a positive return on equity of 2.69%. Equities research analysts predict that JMP Group Inc. will post $0.40 EPS for the current year.
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The company also recently disclosed a monthly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 6.55%. The ex-dividend date of this dividend was Monday, August 29th. JMP Group’s dividend payout ratio (DPR) is presently -276.92%.
An institutional investor recently raised its position in JMP Group stock. GSA Capital Partners LLP boosted its stake in JMP Group Inc. (NYSE:JMP) by 21.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 88,919 shares of the company’s stock after buying an additional 15,916 shares during the period. GSA Capital Partners LLP owned approximately 0.42% of JMP Group worth $483,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 14.60% of the company’s stock.
Several research firms recently commented on JMP. TheStreet cut shares of JMP Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th. Zacks Investment Research cut shares of JMP Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th.
JMP Group Company Profile
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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