JMP Group Inc. (NYSE:JMP) CEO Joseph A. Jolson acquired 4,000 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were acquired at an average cost of $5.50 per share, with a total value of $22,000.00. Following the acquisition, the chief executive officer now directly owns 113,317 shares of the company’s stock, valued at approximately $623,243.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of JMP Group Inc. (NYSE:JMP) opened at 5.51 on Monday. The firm has a 50-day moving average price of $5.62 and a 200 day moving average price of $5.39. JMP Group Inc. has a 52 week low of $4.95 and a 52 week high of $6.72. The stock’s market cap is $115.46 million.
JMP Group (NYSE:JMP) last announced its earnings results on Wednesday, July 27th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $29.70 million for the quarter, compared to analysts’ expectations of $40.50 million. JMP Group had a positive return on equity of 2.69% and a negative net margin of 1.96%. On average, analysts forecast that JMP Group Inc. will post $0.40 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were given a $0.03 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.36 annualized dividend and a yield of 6.53%. JMP Group’s payout ratio is -276.92%.
Several research analysts have recently commented on JMP shares. Zacks Investment Research raised JMP Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 13th. TheStreet lowered JMP Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 17th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Emerald Acquisition Ltd. purchased a new position in shares of JMP Group during the second quarter valued at about $524,000. GSA Capital Partners LLP boosted 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 valued at $483,000 after buying an additional 15,916 shares during the last quarter. Continental Advisors LLC boosted 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 valued at $1,324,000 after buying an additional 14,900 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted 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 valued at $174,000 after buying an additional 6,686 shares during the last quarter. 14.60% of the stock is currently owned by institutional investors and hedge funds.
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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