Carter D. Mack Buys 20,000 Shares of JMP Group LLC (JMP) Stock

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JMP Group LLC (NYSE:JMP) President Carter D. Mack purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The stock was bought at an average cost of $5.00 per share, for a total transaction of $100,000.00. Following the purchase, the president now directly owns 303,921 shares in the company, valued at approximately $1,519,605. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of JMP stock opened at $4.80 on Thursday. The company has a debt-to-equity ratio of 10.48, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market capitalization of $107.05 million, a price-to-earnings ratio of 15.12, a PEG ratio of 2.00 and a beta of 0.59. JMP Group LLC has a fifty-two week low of $4.80 and a fifty-two week high of $5.78.

JMP Group (NYSE:JMP) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The firm had revenue of $33.25 million during the quarter, compared to analysts’ expectations of $41.30 million. JMP Group had a negative net margin of 2.51% and a positive return on equity of 6.65%. Sell-side analysts expect that JMP Group LLC will post 0.25 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.03 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 7.50%. JMP Group’s payout ratio is currently 180.00%.

JMP has been the topic of a number of research analyst reports. Barrington Research reissued a “buy” rating and issued a $8.00 price target on shares of JMP Group in a research note on Thursday, October 11th. Zacks Investment Research cut shares of JMP Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 27th. TheStreet raised shares of JMP Group from a “d+” rating to a “c-” rating in a research note on Friday, July 6th. Finally, ValuEngine cut shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $6.42.

A hedge fund recently bought a new stake in JMP Group stock. First Republic Investment Management Inc. acquired a new stake in JMP Group LLC (NYSE:JMP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 26,476 shares of the financial services provider’s stock, valued at approximately $142,000. First Republic Investment Management Inc. owned approximately 0.12% of JMP Group as of its most recent filing with the Securities and Exchange Commission. 12.51% of the stock is currently owned by institutional investors and hedge funds.

About JMP Group

JMP Group LLC, together with its subsidiaries, provides investment banking, sales and trading, equity research, and asset management products and services in the United States. The company operates through three segments: Broker-Dealer, Asset Management, and Corporate. The Broker-Dealer segment offers various 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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