JMP Group (JMP) Receives News Impact Score of 0.01
News coverage about JMP Group (NYSE:JMP) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. JMP Group earned a news sentiment score of 0.01 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.8478909896359 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
JMP Group (NYSE:JMP) traded up 2.49% during mid-day trading on Tuesday, reaching $5.56. The company’s stock had a trading volume of 14,650 shares. The stock’s market capitalization is $119.75 million. The stock’s 50 day moving average price is $5.41 and its 200 day moving average price is $5.62. JMP Group has a 1-year low of $5.20 and a 1-year high of $7.70.
JMP Group (NYSE:JMP) last issued 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. JMP Group had a negative net margin of 10.35% and a positive return on equity of 1.52%. The firm had revenue of $23.14 million for the quarter, compared to analyst estimates of $25.20 million. Analysts expect that JMP Group will post $0.28 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.36 dividend on an annualized basis and a yield of 6.64%. JMP Group’s dividend payout ratio is currently -66.67%.
Separately, Zacks Investment Research upgraded JMP Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th.
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In other news, Director Glenn H. Tongue acquired 10,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were purchased at an average price of $5.41 per share, for a total transaction of $54,100.00. Following the acquisition, the director now directly owns 155,652 shares of the company’s stock, valued at approximately $842,077.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Raymond Jackson sold 50,000 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $7.50, for a total transaction of $375,000.00. Following the completion of the transaction, the chief financial officer now owns 146,664 shares in the company, valued at approximately $1,099,980. The disclosure for this sale can be found here. Insiders own 52.11% of the company’s stock.
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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