JMP Group Inc. (NYSE:JMP) CEO Joseph A. Jolson purchased 4,762 shares of the business’s stock in a transaction on Wednesday, October 12th. The stock was purchased at an average cost of $5.50 per share, with a total value of $26,191.00. Following the acquisition, the chief executive officer now owns 113,317 shares in the company, valued at $623,243.50. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of JMP Group Inc. (NYSE:JMP) opened at 5.50 on Monday. The company’s market capitalization is $115.25 million. The company’s 50-day moving average price is $5.55 and its 200-day moving average price is $5.43. JMP Group Inc. has a 52-week low of $4.95 and a 52-week high of $6.70.
JMP Group (NYSE:JMP) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. JMP Group had a positive return on equity of 2.69% and a negative net margin of 1.96%. The business earned $29.70 million during the quarter, compared to analysts’ expectations of $40.50 million. Equities research analysts forecast that JMP Group Inc. will post $0.40 EPS for the current fiscal year.
The firm also recently declared a monthly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date of this dividend was Wednesday, September 28th. JMP Group’s payout ratio is currently -276.92%.
JMP has been the topic of several analyst reports. TheStreet lowered JMP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th. Zacks Investment Research lowered JMP Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th.
A hedge fund recently raised its stake in JMP Group stock. GSA Capital Partners LLP increased its stake in JMP Group Inc. (NYSE:JMP) by 21.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 0.42% of JMP Group worth $483,000 at the end of the most recent reporting period. 14.60% of the stock is owned by hedge funds and other institutional investors.
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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