Somewhat Favorable News Coverage Somewhat Unlikely to Affect JMP Group (JMP) Share Price
News coverage about JMP Group (NYSE:JMP) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. JMP Group earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.9888840450359 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of JMP Group traded down $0.02, reaching $5.46, during trading hours on Friday, Marketbeat reports. 15,570 shares of the stock traded hands, compared to its average volume of 17,452. The company has a market cap of $117.56 million, a P/E ratio of 27.30, a P/E/G ratio of 1.61 and a beta of 0.64. JMP Group has a one year low of $4.92 and a one year high of $5.78. The company has a quick ratio of 4.05, a current ratio of 1.96 and a debt-to-equity ratio of 10.48.
JMP Group (NYSE:JMP) last released its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.13. The business had revenue of $44.26 million during 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%. research analysts anticipate that JMP Group will post 0.34 EPS for the current fiscal year.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded JMP Group from a “hold” rating to a “strong-buy” rating and set a $6.25 price target for the company in a research note on Thursday, August 2nd. Barrington Research restated a “buy” rating and set a $8.00 price target on shares of JMP Group in a research note on Tuesday, July 24th. TheStreet upgraded JMP Group from a “d+” rating to a “c-” rating in a research note on Friday, July 6th. Finally, ValuEngine downgraded JMP Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $6.58.
In related news, CEO Joseph A. Jolson acquired 5,425 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The stock was bought at an average cost of $5.05 per share, for a total transaction of $27,396.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Joseph A. Jolson acquired 16,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The shares were bought at an average price of $5.05 per share, with a total value of $83,325.00. Following the completion of the purchase, the chief executive officer now owns 77,026 shares in the company, valued at approximately $388,981.30. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 36,925 shares of company stock valued at $186,471. 52.75% of the stock is currently owned by corporate insiders.
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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