JMP Group LLC (NYSE:JMP) declared a monthly dividend on Friday, October 19th, Wall Street Journal reports. Shareholders of record on Friday, November 30th will be paid a dividend of 0.03 per share by the financial services provider on Friday, December 14th. This represents a $0.36 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date is Thursday, November 29th.
JMP Group has raised its dividend payment by an average of 17.0% annually over the last three years. JMP Group has a payout ratio of 105.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect JMP Group to earn $0.42 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 85.7%.
JMP stock traded up $0.05 during mid-day trading on Friday, reaching $5.07. 19,466 shares of the company’s stock were exchanged, compared to its average volume of 23,185. The company has a market capitalization of $109.84 million, a P/E ratio of 25.35 and a beta of 0.59. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 10.48. JMP Group has a 12-month low of $4.80 and a 12-month high of $5.78.
JMP Group (NYSE:JMP) last issued its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.13. The company had revenue of $44.26 million for the quarter, compared to the consensus estimate of $30.20 million. JMP Group had a positive return on equity of 7.03% and a negative net margin of 3.67%. On average, research analysts predict that JMP Group will post 0.34 earnings per share for the current fiscal year.
JMP has been the topic of a number of recent analyst reports. Barrington Research reiterated a “buy” rating and set a $8.00 price target on shares of JMP Group in a research report on Thursday, October 11th. Zacks Investment Research upgraded JMP Group from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research report on Thursday, October 11th. TheStreet upgraded JMP Group from a “d+” rating to a “c-” rating in a research report on Friday, July 6th. Finally, ValuEngine downgraded JMP Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.42.
In other news, CEO Joseph A. Jolson bought 30,766 shares of the firm’s stock in a transaction dated Monday, October 15th. The shares were acquired at an average price of $5.05 per share, for a total transaction of $155,368.30. Following the completion of the transaction, the chief executive officer now directly owns 77,026 shares in the company, valued at approximately $388,981.30. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joseph A. Jolson bought 5,004 shares of the firm’s stock in a transaction dated Monday, October 8th. The stock was purchased at an average price of $5.00 per share, for a total transaction of $25,020.00. Following the transaction, the chief executive officer now owns 77,026 shares of the company’s stock, valued at $385,130. The disclosure for this purchase can be found here. Insiders have acquired 36,170 shares of company stock worth $182,408 in the last quarter. 52.75% of the stock is currently owned by company insiders.
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.
Featured Story: Rule of 72
Receive News & Ratings for JMP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JMP Group and related companies with MarketBeat.com's FREE daily email newsletter.