Zacks Investment Research Downgrades JMP Group (JMP) to Hold

Zacks Investment Research downgraded shares of JMP Group (NYSE:JMP) from a buy rating to a hold rating in a research report released on Tuesday morning.

According to Zacks, “JMP GROUP INC. is a full-service investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients and alternative asset management products to institutional and high-net-worth investors. JMP Group operates through two subsidiaries, JMP Securities and JMP Asset Management. The company focuses its resources on small and middle-market growth companies and the institutions that invest in them. They approach their work with the idea that expertise, intellectual capital and relationships can never be commoditized. “

Several other equities research analysts have also weighed in on JMP. ValuEngine lowered JMP Group from a hold rating to a sell rating in a research note on Friday, March 1st. Singular Research reissued a buy rating on shares of JMP Group in a research note on Tuesday, February 26th. Finally, Barrington Research reissued a buy rating and set a $8.00 price objective on shares of JMP Group in a research note on Friday, December 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $6.17.

JMP opened at $3.94 on Tuesday. The firm has a market cap of $87.32 million, a PE ratio of 14.07, a P/E/G ratio of 1.23 and a beta of 1.01. The company has a debt-to-equity ratio of 11.92, a current ratio of 2.64 and a quick ratio of 2.64. JMP Group has a fifty-two week low of $3.90 and a fifty-two week high of $5.72.

JMP Group (NYSE:JMP) last released its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The business had revenue of $31.70 million during the quarter, compared to analyst estimates of $31.10 million. JMP Group had a positive return on equity of 5.85% and a negative net margin of 1.60%. Equities research analysts forecast that JMP Group will post 0.33 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which was paid on Friday, February 15th. Stockholders of record on Thursday, January 31st were issued a $0.05 dividend. The ex-dividend date was Wednesday, January 30th. This represents a dividend yield of 8.04%. JMP Group’s payout ratio is currently 128.57%.

In other JMP Group news, CEO Joseph A. Jolson bought 13,034 shares of JMP Group stock in a transaction dated Tuesday, March 12th. The stock was bought at an average price of $4.01 per share, for a total transaction of $52,266.34. Following the completion of the acquisition, the chief executive officer now directly owns 77,026 shares of the company’s stock, valued at $308,874.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joseph A. Jolson bought 15,000 shares of JMP Group stock in a transaction dated Thursday, March 7th. The stock was acquired at an average price of $4.01 per share, with a total value of $60,150.00. Following the acquisition, the chief executive officer now directly owns 77,026 shares of the company’s stock, valued at $308,874.26. The disclosure for this purchase can be found here. Insiders bought 51,227 shares of company stock valued at $216,506 in the last 90 days. Corporate insiders own 52.75% of the company’s stock.

A hedge fund recently bought a new stake in JMP Group stock. Wiley BROS. Aintree Capital LLC acquired a new position in shares of JMP Group LLC (NYSE:JMP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,000 shares of the financial services provider’s stock, valued at approximately $47,000. Wiley BROS. Aintree Capital LLC owned approximately 0.06% of JMP Group at the end of the most recent quarter. Institutional investors own 13.70% of the company’s stock.

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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