JMP Group LLC (NYSE:JMP) – Equities researchers at Barrington Research upped their Q3 2017 earnings estimates for JMP Group in a report issued on Thursday. Barrington Research analyst A. Paris. Jr now forecasts that the financial services provider will post earnings per share of $0.31 for the quarter, up from their prior forecast of $0.28. Barrington Research also issued estimates for JMP Group’s Q4 2017 earnings at $0.10 EPS.
JMP Group (NYSE:JMP) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. The business had revenue of $23.14 million during the quarter, compared to the consensus estimate of $25.20 million. JMP Group had a negative net margin of 10.35% and a positive return on equity of 1.47%. ILLEGAL ACTIVITY WARNING: “JMP Group LLC (NYSE:JMP) Forecasted to Earn Q3 2017 Earnings of $0.31 Per Share” was posted by BNB Daily and is the property of of BNB Daily. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.baseball-news-blog.com/2017/08/19/jmp-group-llc-nysejmp-forecasted-to-earn-q3-2017-earnings-of-0-31-per-share-updated.html.
Separately, Zacks Investment Research upgraded shares of JMP Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 26th.
Shares of JMP Group (JMP) opened at 5.35 on Monday. The company’s 50 day moving average is $5.46 and its 200-day moving average is $5.85. JMP Group has a 1-year low of $5.20 and a 1-year high of $7.70. The company’s market capitalization is $115.55 million.
A hedge fund recently bought a new stake in JMP Group stock. Russell Investments Group Ltd. bought a new stake in JMP Group LLC (NYSE:JMP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 59,235 shares of the financial services provider’s stock, valued at approximately $359,000. Russell Investments Group Ltd. owned about 0.28% of JMP Group at the end of the most recent quarter. 13.64% of the stock is owned by institutional investors.
In other JMP Group news, Director Glenn H. Tongue bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $5.41 per share, for a total transaction of $54,100.00. Following the transaction, the director now directly owns 155,652 shares in the company, valued at $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 JMP Group stock in a transaction that occurred 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 sale, the chief financial officer now owns 146,664 shares in the company, valued at $1,099,980. The disclosure for this sale can be found here. 52.11% of the stock is owned by company insiders.
The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.36 annualized dividend and a yield of 6.73%. JMP Group’s dividend 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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