Shares of JMP Group LLC (NYSE:JMP) have been assigned an average rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $6.75.
JMP has been the topic of several research reports. Zacks Investment Research upgraded shares of JMP Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. Barrington Research reiterated a “buy” rating and issued a $8.00 price target on shares of JMP Group in a report on Friday, December 28th. ValuEngine downgraded shares of JMP Group from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, Singular Research reiterated a “buy” rating on shares of JMP Group in a report on Tuesday, February 26th.
Shares of NYSE:JMP opened at $3.94 on Friday. JMP Group has a twelve month low of $3.90 and a twelve month high of $5.72. The company has a debt-to-equity ratio of 11.92, a quick ratio of 2.64 and a current ratio of 2.64. The company has a market capitalization of $83.89 million, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 1.23 and a beta of 1.01.
JMP Group (NYSE:JMP) last issued its quarterly earnings results on Wednesday, February 13th. The financial services provider reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. JMP Group had a negative net margin of 1.60% and a positive return on equity of 5.85%. The company had revenue of $31.70 million for the quarter, compared to the consensus estimate of $31.10 million. On average, analysts forecast that JMP Group will post 0.33 earnings per share for the current year.
The company also recently disclosed a special dividend, which was paid on Friday, February 15th. Stockholders of record on Thursday, January 31st were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, January 30th. This represents a dividend yield of 8.04%. JMP Group’s payout ratio is 128.57%.
In other news, CEO Joseph A. Jolson acquired 12,820 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of $4.83 per share, with a total value of $61,920.60. Following the purchase, the chief executive officer now directly owns 77,026 shares of the company’s stock, valued at $372,035.58. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joseph A. Jolson acquired 13,034 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average cost of $4.01 per share, for a total transaction of $52,266.34. Following the purchase, the chief executive officer now directly owns 77,026 shares in the company, valued at $308,874.26. The disclosure for this purchase can be found here. Insiders have bought a total of 51,227 shares of company stock worth $216,506 in the last ninety days. Corporate insiders own 52.75% of the company’s stock.
A hedge fund recently bought a new stake in JMP Group stock. Wiley BROS. Aintree Capital LLC acquired a new position in shares of JMP Group LLC (NYSE:JMP) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,000 shares of the financial services provider’s stock, valued at approximately $47,000. Wiley BROS. Aintree Capital LLC owned 0.06% of JMP Group at the end of the most recent reporting period. Institutional investors and hedge funds own 13.70% of the company’s stock.
About JMP Group
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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