Thomas Rowe Wright Buys 6,350 Shares of JMP Group LLC (JMP) Stock

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JMP Group LLC (NYSE:JMP) Director Thomas Rowe Wright acquired 6,350 shares of JMP Group stock in a transaction that occurred on Friday, October 26th. The stock was acquired at an average cost of $4.95 per share, for a total transaction of $31,432.50. Following the completion of the purchase, the director now directly owns 375,446 shares of the company’s stock, valued at $1,858,457.70. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Thomas Rowe Wright also recently made the following trade(s):

  • On Monday, October 29th, Thomas Rowe Wright acquired 6,119 shares of JMP Group stock. The stock was acquired at an average cost of $5.01 per share, for a total transaction of $30,656.19.

JMP Group stock opened at $4.80 on Thursday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 10.48. The stock 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 12 month low of $4.80 and a 12 month high of $5.78.

JMP Group (NYSE:JMP) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). The firm had revenue of $33.25 million during the quarter, compared to the consensus estimate of $41.30 million. JMP Group had a negative net margin of 2.51% and a positive return on equity of 6.65%. On average, research analysts anticipate that JMP Group LLC will post 0.25 EPS for the current year.

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

An institutional investor recently bought a new position in JMP Group stock. Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of JMP Group LLC (NYSE:JMP) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,015 shares of the financial services provider’s stock, valued at approximately $147,000. Ladenburg Thalmann Financial Services Inc. owned about 0.13% of JMP Group at the end of the most recent reporting period. Institutional investors and hedge funds own 12.51% of the company’s stock.

JMP has been the topic of several research analyst reports. Zacks Investment Research raised JMP Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. ValuEngine downgraded JMP Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 5th. TheStreet upgraded JMP Group from a “d+” rating to a “c-” rating in a research report on Friday, July 6th. Finally, Barrington Research reiterated a “buy” rating and issued a $8.00 target price on shares of JMP Group in a research report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.42.

JMP Group Company Profile

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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