JMP Group LLC (NYSE:JMP) was the target of a significant decline in short interest during the month of December. As of December 13th, there was short interest totalling 500 shares, a decline of 90.9% from the November 28th total of 5,500 shares. Based on an average daily volume of 18,200 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Several equities research analysts have recently issued reports on JMP shares. Barrington Research reaffirmed a “buy” rating and set a $5.00 target price on shares of JMP Group in a research report on Thursday, October 24th. Zacks Investment Research raised shares of JMP Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 25th. Finally, ValuEngine upgraded shares of JMP Group from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd.
A number of institutional investors have recently made changes to their positions in JMP. Ladenburg Thalmann Financial Services Inc. lifted its holdings in JMP Group by 65.9% during the second 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 during the last quarter. Wiley BROS. Aintree Capital LLC bought a new position in JMP Group during the third quarter worth about $64,000. Finally, Bard Associates Inc. purchased a new stake in shares of JMP Group during the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 7.46% of the company’s stock.
NYSE:JMP opened at $3.09 on Friday. The firm’s 50 day moving average is $3.17 and its 200 day moving average is $3.46. JMP Group has a 12 month low of $2.89 and a 12 month high of $4.67. The stock has a market capitalization of $59.78 million, a PE ratio of 44.14, a price-to-earnings-growth ratio of 1.03 and a beta of 0.73. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.52.
JMP Group (NYSE:JMP) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.16). The firm had revenue of $21.02 million during the quarter, compared to the consensus estimate of $31.10 million. JMP Group had a negative net margin of 0.28% and a positive return on equity of 1.86%. Research analysts predict that JMP Group will post -0.02 earnings per share for the current year.
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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