Joseph A. Jolson Acquires 4,000 Shares of JMP Group Inc. (JMP) Stock
JMP Group Inc. (NYSE:JMP) CEO Joseph A. Jolson acquired 4,000 shares of JMP Group stock in a transaction on Friday, September 16th. The shares were purchased at an average price of $5.50 per share, with a total value of $22,000.00. Following the completion of the purchase, the chief executive officer now owns 113,317 shares in the company, valued at approximately $623,243.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of JMP Group Inc. (NYSE:JMP) opened at 5.54 on Friday. JMP Group Inc. has a 52 week low of $4.95 and a 52 week high of $6.72. The stock has a 50 day moving average of $5.62 and a 200-day moving average of $5.39. The company’s market capitalization is $116.09 million.
JMP Group (NYSE:JMP) last issued its earnings results on Wednesday, July 27th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. The firm earned $29.70 million during the quarter, compared to analyst estimates 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, 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. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date was Monday, August 29th. JMP Group’s dividend payout ratio is currently -276.92%.
A number of research firms have weighed in on JMP. Zacks Investment Research lowered shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. TheStreet lowered shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th.
Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake 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 worth $174,000 after buying an additional 6,686 shares in the last quarter. Continental Advisors LLC raised its stake 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 worth $1,324,000 after buying an additional 14,900 shares in the last quarter. GSA Capital Partners LLP raised its stake 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 worth $483,000 after buying an additional 15,916 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in shares of JMP Group during the second quarter worth about $524,000. 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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