Equities Analysts Set Expectations for JMP Group Inc.’s Q3 2017 Earnings (JMP)
JMP Group Inc. (NYSE:JMP) – Investment analysts at Barrington Research boosted their Q3 2017 earnings per share (EPS) estimates for JMP Group in a research report issued to clients and investors on Thursday. Barrington Research analyst A. Paris. Jr now anticipates that the financial services provider will post earnings per share of $0.31 for the quarter, up from their prior estimate of $0.28. Barrington Research also issued estimates for JMP Group’s Q4 2017 earnings at $0.10 EPS.
JMP Group (NYSE:JMP) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. JMP Group had a negative net margin of 21.24% and a negative return on equity of 31.36%. The business had revenue of $23.14 million for the quarter, compared to the consensus estimate of $25.20 million.
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Separately, Zacks Investment Research upgraded shares of JMP Group from a “sell” rating to a “hold” rating in a report on Thursday, June 29th.
JMP Group (NYSE:JMP) opened at 5.47 on Monday. The firm’s market capitalization is $118.15 million. The stock has a 50 day moving average of $5.46 and a 200-day moving average of $5.86. JMP Group has a 1-year low of $5.20 and a 1-year high of $7.70.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.58%. JMP Group’s payout ratio is -66.67%.
In related news, CFO Raymond Jackson sold 50,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $7.50, for a total transaction of $375,000.00. Following the sale, the chief financial officer now directly owns 146,664 shares in the company, valued at $1,099,980. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Glenn H. Tongue acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average price of $5.41 per share, for a total transaction of $54,100.00. Following the completion of the acquisition, the director now owns 155,652 shares of the company’s stock, valued at $842,077.32. The disclosure for this purchase can be found here. Company insiders own 52.11% of the company’s stock.
An institutional investor recently raised its position in JMP Group stock. Renaissance Technologies LLC raised its stake in shares of JMP Group Inc. (NYSE:JMP) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,060 shares of the financial services provider’s stock after buying an additional 685 shares during the period. Renaissance Technologies LLC owned about 0.26% of JMP Group worth $346,000 at the end of the most recent quarter. Institutional investors and hedge funds own 13.63% 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.
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