JMP Group LLC (NYSE:JMP) – Equities research analysts at Barrington Research lowered their FY2017 earnings estimates for JMP Group in a report issued on Monday. Barrington Research analyst A. Paris. Jr now expects that the financial services provider will post earnings per share of $0.32 for the year, down from their previous estimate of $0.35.

JMP has been the topic of several other research reports. Zacks Investment Research lowered JMP Group from a “hold” rating to a “sell” rating in a report on Wednesday. Keefe, Bruyette & Woods began coverage on JMP Group in a report on Monday. They set a “mkt perform” rating and a $5.75 price target on the stock.

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JMP Group (NYSE JMP) traded down 0.36% during mid-day trading on Tuesday, reaching $5.52. 4,700 shares of the company were exchanged. JMP Group has a one year low of $5.20 and a one year high of $7.70. The company’s market capitalization is $118.88 million. The stock has a 50-day moving average price of $5.47 and a 200 day moving average price of $5.52.

JMP Group (NYSE:JMP) last posted its quarterly earnings data 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 negative net margin of 10.35% and a positive return on equity of 1.52%. The business had revenue of $23.14 million during the quarter, compared to the consensus estimate of $25.20 million.

An institutional investor recently raised its position in JMP Group stock. Renaissance Technologies LLC boosted its stake in shares of JMP Group LLC (NYSE:JMP) by 1.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 57,060 shares of the financial services provider’s stock after buying an additional 685 shares during the period. Renaissance Technologies LLC owned approximately 0.26% of JMP Group worth $346,000 at the end of the most recent quarter. 13.01% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Glenn H. Tongue purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average price of $5.41 per share, for a total transaction of $54,100.00. Following the acquisition, the director now owns 155,652 shares of the company’s stock, valued at approximately $842,077.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 52.11% of the company’s stock.

The business also recently declared a monthly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.36 annualized dividend and a yield of 6.50%. JMP Group’s payout ratio is presently -66.67%.

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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