JMP Group Inc. (JMP) CEO Acquires $208,620.00 in Stock
JMP Group Inc. (NYSE:JMP) CEO Joseph A. Jolson bought 38,000 shares of the stock in a transaction dated Wednesday, September 14th. The shares were acquired at an average cost of $5.49 per share, for a total transaction of $208,620.00. Following the completion of the acquisition, the chief executive officer now directly owns 113,317 shares of the company’s stock, valued at approximately $622,110.33. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
JMP Group Inc. (NYSE:JMP) opened at 5.57 on Tuesday. The company has a 50-day moving average of $5.60 and a 200-day moving average of $5.38. The company’s market capitalization is $116.71 million. JMP Group Inc. has a 52 week low of $4.95 and a 52 week high of $6.72.
JMP Group (NYSE:JMP) last released its earnings results on Wednesday, July 27th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. The firm had revenue of $29.70 million for the quarter, compared to analysts’ expectations of $40.50 million. JMP Group had a negative net margin of 1.96% and a positive return on equity of 2.69%. On average, equities research analysts anticipate that JMP Group Inc. will post $0.40 EPS for the current year.
The business also recently announced a monthly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend was Monday, August 29th. JMP Group’s payout ratio is -276.92%.
Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of JMP Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. TheStreet cut shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its position in JMP Group by 25.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,275 shares of the company’s stock worth $174,000 after buying an additional 6,686 shares during the last quarter. Continental Advisors LLC boosted its position in JMP Group by 6.3% in the first quarter. Continental Advisors LLC now owns 253,226 shares of the company’s stock worth $1,324,000 after buying an additional 14,900 shares during the last quarter. GSA Capital Partners LLP boosted its position in JMP Group by 21.8% in the second quarter. GSA Capital Partners LLP now owns 88,919 shares of the company’s stock worth $483,000 after buying an additional 15,916 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in JMP Group during the second quarter worth $524,000. Hedge funds and other institutional investors own 14.60% of the company’s stock.
JMP Group Company Profile
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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