JMP Group LLC (JMP) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

JMP Group LLC (NYSE:JMP) posted its earnings results on Wednesday. The financial services provider reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04, Bloomberg Earnings reports. JMP Group had a negative net margin of 10.35% and a positive return on equity of 1.52%.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 6.73%. The ex-dividend date is Monday, October 30th. JMP Group’s payout ratio is presently -66.67%.

In related news, Director Glenn H. Tongue bought 10,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $5.41 per share, with a total value of $54,100.00. Following the completion of the acquisition, the director now owns 155,652 shares of the company’s stock, valued at $842,077.32. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 52.11% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on JMP shares. Keefe, Bruyette & Woods started coverage on shares of JMP Group in a research report on Monday, October 16th. They set a “mkt perform” rating and a $5.75 target price for the company. Zacks Investment Research raised shares of JMP Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th.

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JMP Group Company Profile

JMP Group LLC, formerly 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.

Earnings History for JMP Group (NYSE:JMP)

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