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.
TRADEMARK VIOLATION NOTICE: “JMP Group LLC (JMP) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/11/01/jmp-group-llc-jmp-posts-quarterly-earnings-results-beats-expectations-by-0-04-eps.html.
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.
What are top analysts saying about JMP Group LLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for JMP Group LLC and related companies.