Insider Buying: JMP Group LLC (NYSE:JMP) Director Purchases 10,000 Shares of Stock
JMP Group LLC (NYSE:JMP) Director Glenn H. Tongue bought 10,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average cost of $5.41 per share, for a total transaction of $54,100.00. Following the completion of the purchase, the director now owns 155,652 shares in the company, valued at $842,077.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of JMP Group LLC (JMP) traded up 0.19% on Thursday, reaching $5.41. 53,817 shares of the company were exchanged. The stock has a 50 day moving average of $5.46 and a 200-day moving average of $5.86. JMP Group LLC has a 52-week low of $5.20 and a 52-week high of $7.70. The company has a market capitalization of $117.26 million, a P/E ratio of 41.62 and a beta of 0.86.
JMP Group (NYSE:JMP) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $23.14 million for the quarter, compared to the consensus estimate of $25.20 million. JMP Group had a negative net margin of 10.35% and a positive return on equity of 1.47%. On average, analysts predict that JMP Group LLC will post $0.33 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date is Tuesday, August 29th. JMP Group’s dividend payout ratio is currently -66.67%.
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Separately, Zacks Investment Research lowered shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd.
A hedge fund recently raised its stake in JMP Group stock. Renaissance Technologies LLC increased its position in JMP Group LLC (NYSE:JMP) by 141.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,375 shares of the financial services provider’s stock after buying an additional 33,042 shares during the period. Renaissance Technologies LLC owned about 0.27% of JMP Group worth $346,000 as of its most recent SEC filing. 13.63% 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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