JMP Group (JMP) Issues Earnings Results

JMP Group (NYSE:JMP) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.10, Bloomberg Earnings reports. JMP Group had a positive return on equity of 2.90% and a negative net margin of 11.87%.

Shares of JMP Group (JMP) remained flat at $$5.50 during mid-day trading on Wednesday. 17,532 shares of the stock traded hands, compared to its average volume of 31,782. The firm has a market cap of $118.60, a price-to-earnings ratio of -8.73, a PEG ratio of 1.28 and a beta of 0.79. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 7.31. JMP Group has a 52 week low of $5.13 and a 52 week high of $7.70.

The company also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.36 dividend on an annualized basis and a yield of 6.55%. JMP Group’s dividend payout ratio is currently -57.14%.

JMP Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 13th that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

In related news, Director Thomas Rowe Wright acquired 12,500 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was acquired at an average price of $5.33 per share, with a total value of $66,625.00. Following the acquisition, the director now directly owns 363,636 shares in the company, valued at approximately $1,938,179.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 52.11% of the company’s stock.

A number of brokerages have commented on JMP. Zacks Investment Research cut JMP Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $6.00 price target on shares of JMP Group in a research report on Friday, November 3rd.

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JMP Group Company Profile

JMP Group LLC, formerly 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.

Earnings History for JMP Group (NYSE:JMP)

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