Essex Investment Management Co. LLC Has $274,000 Stake in JMP Group LLC (JMP)
Essex Investment Management Co. LLC grew its position in shares of JMP Group LLC (NYSE:JMP) by 149.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,695 shares of the financial services provider’s stock after purchasing an additional 29,158 shares during the period. Essex Investment Management Co. LLC owned approximately 0.23% of JMP Group worth $274,000 as of its most recent SEC filing.
Separately, Renaissance Technologies LLC raised its stake in shares of JMP Group by 1.2% during the first quarter. Renaissance Technologies LLC now owns 57,060 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 685 shares during the period. Institutional investors and hedge funds own 13.14% of the company’s stock.
A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $6.00 price objective on shares of JMP Group in a research note on Friday. Zacks Investment Research lowered shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th.
Shares of JMP Group LLC (NYSE JMP) opened at $5.40 on Monday. The company has a quick ratio of 5.62, a current ratio of 5.62 and a debt-to-equity ratio of 7.03. The stock has a market cap of $116.73, a price-to-earnings ratio of 31.76, a P/E/G ratio of 1.69 and a beta of 0.92. JMP Group LLC has a 12 month low of $5.20 and a 12 month high of $7.70.
JMP Group (NYSE:JMP) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The business had revenue of $32.03 million during the quarter, compared to analyst estimates of $29.90 million. JMP Group had a negative net margin of 11.87% and a positive return on equity of 2.83%. analysts expect that JMP Group LLC will post 0.32 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.03 per share. The ex-dividend date is Monday, October 30th. This represents a $0.36 annualized dividend and a yield of 6.67%. JMP Group’s payout ratio is -57.14%.
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JMP Group Profile
JMP Group LLC, formerly 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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