JMP Group LLC (NYSE:JMP) saw a large decline in short interest in the month of November. As of November 29th, there was short interest totalling 5,500 shares, a decline of 23.6% from the November 14th total of 7,200 shares. Based on an average daily trading volume, of 15,300 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.
A number of institutional investors have recently modified their holdings of the business. Wiley BROS. Aintree Capital LLC acquired a new position in JMP Group during the 3rd quarter valued at approximately $64,000. Ladenburg Thalmann Financial Services Inc. increased its stake in JMP Group by 65.9% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 48,956 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 19,441 shares in the last quarter. Finally, Bard Associates Inc. acquired a new position in JMP Group during the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 7.46% of the company’s stock.
Several equities research analysts have issued reports on the stock. ValuEngine cut shares of JMP Group from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Zacks Investment Research cut shares of JMP Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 29th. Finally, Barrington Research reissued a “buy” rating and issued a $5.00 price objective on shares of JMP Group in a research report on Thursday, October 24th.
NYSE:JMP opened at $3.07 on Friday. JMP Group has a 52 week low of $2.89 and a 52 week high of $4.67. The firm has a 50 day moving average of $3.21 and a 200 day moving average of $3.56. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $58.62 million, a price-to-earnings ratio of 43.29 and a beta of 0.72.
JMP Group (NYSE:JMP) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.16). JMP Group had a negative net margin of 0.28% and a positive return on equity of 1.86%. The firm had revenue of $21.02 million for the quarter, compared to analysts’ expectations of $31.10 million. As a group, analysts expect that JMP Group will post -0.02 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.16 dividend on an annualized basis and a yield of 5.21%. JMP Group’s payout ratio is 57.14%.
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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