Russell Investments Group Ltd. Sells 14,256 Shares of JMP Group LLC (JMP)
Russell Investments Group Ltd. lowered its stake in shares of JMP Group LLC (NYSE:JMP) by 24.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,979 shares of the financial services provider’s stock after selling 14,256 shares during the period. Russell Investments Group Ltd. owned about 0.21% of JMP Group worth $273,000 as of its most recent SEC filing.
Separately, Renaissance Technologies LLC boosted its stake in shares of JMP Group by 141.6% in the fourth quarter. Renaissance Technologies LLC now owns 56,375 shares of the financial services provider’s stock worth $346,000 after buying an additional 33,042 shares during the period. Institutional investors and hedge funds own 13.64% of the company’s stock.
Shares of JMP Group LLC (NYSE JMP) traded down 0.37% during trading on Monday, hitting $5.45. 31,954 shares of the company were exchanged. The firm’s market capitalization is $117.71 million. The firm’s 50-day moving average price is $5.46 and its 200 day moving average price is $5.86. 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 Tuesday, August 1st. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. JMP Group had a positive return on equity of 1.47% and a negative net margin of 10.35%. The firm had revenue of $23.14 million for the quarter, compared to analyst estimates of $25.20 million. On average, equities research analysts expect that JMP Group LLC will post $0.33 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date of this dividend is Tuesday, August 29th. JMP Group’s payout ratio is -66.67%.
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Separately, Zacks Investment Research raised shares of JMP Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th.
In other news, CFO Raymond Jackson sold 50,000 shares of JMP Group stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $7.50, for a total value of $375,000.00. Following the transaction, the chief financial officer now directly owns 146,664 shares of the company’s stock, valued at approximately $1,099,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Glenn H. Tongue acquired 10,000 shares of JMP Group stock in a transaction dated Thursday, August 3rd. The stock was 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 directly owns 155,652 shares in the company, valued at $842,077.32. The disclosure for this purchase can be found here. 52.11% of the stock is currently owned by company insiders.
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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