Joseph A. Jolson Acquires 15,254 Shares of JMP Group Inc. (JMP) Stock
JMP Group Inc. (NYSE:JMP) CEO Joseph A. Jolson acquired 15,254 shares of JMP Group stock in a transaction dated Tuesday, September 27th. The stock was purchased at an average price of $5.50 per share, with a total value of $83,897.00. Following the completion of the purchase, the chief executive officer now owns 113,317 shares of the company’s stock, valued at $623,243.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
JMP Group Inc. (NYSE:JMP) opened at 5.50 on Friday. JMP Group Inc. has a 12 month low of $4.95 and a 12 month high of $6.72. The company’s 50-day moving average price is $5.63 and its 200 day moving average price is $5.40. The stock’s market capitalization is $115.25 million.
JMP Group (NYSE:JMP) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $29.70 million for the quarter, compared to the consensus estimate of $40.50 million. On average, analysts forecast that JMP Group Inc. will post $0.40 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.03 per share. The ex-dividend date was Monday, August 29th. This represents a $0.36 annualized dividend and a dividend yield of 6.55%. JMP Group’s dividend payout ratio is currently -276.92%.
Several brokerages have recently issued reports on JMP. Zacks Investment Research upgraded JMP Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. TheStreet cut JMP Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. acquired a new position in JMP Group during the second quarter valued at about $524,000. 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 valued at $483,000 after buying an additional 15,916 shares in the last quarter. Finally, 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 valued at $1,324,000 after buying an additional 14,900 shares in the last quarter. 14.60% of the stock is 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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