JMP Group Inc. (JMP) Director Acquires $99,828.00 in Stock
JMP Group Inc. (NYSE:JMP) Director Kenneth M. Karmin acquired 17,700 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was bought at an average price of $5.64 per share, with a total value of $99,828.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $11,280. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of JMP Group Inc. (NYSE:JMP) opened at 5.97 on Monday. The stock’s 50 day moving average is $5.61 and its 200 day moving average is $5.51. The firm has a market cap of $125.08 million, a P/E ratio of 127.02 and a beta of 1.01. JMP Group Inc. has a 52 week low of $4.95 and a 52 week high of $6.32.
JMP Group (NYSE:JMP) last issued its earnings results on Tuesday, October 25th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.08. JMP Group had a net margin of 0.75% and a return on equity of 2.39%. The business had revenue of $30.68 million for the quarter, compared to the consensus estimate of $30.30 million. On average, equities research analysts predict that JMP Group Inc. will post $0.45 earnings per share for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend is Thursday, October 27th. JMP Group’s dividend payout ratio is presently 900.23%.
An institutional investor recently raised its position in JMP Group stock. GSA Capital Partners LLP raised its position in shares of JMP Group Inc. (NYSE:JMP) by 21.8% during the second quarter, according to its most recent 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 quarter. Institutional investors own 14.50% of the company’s stock.
Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. TheStreet downgraded shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th.
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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