JMP Group (NYSE:JMP) Announces Earnings Results, Beats Expectations By $0.20 EPS
JMP Group (NYSE:JMP) released its earnings results on Wednesday. The financial services provider reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.20, MarketWatch Earnings reports. JMP Group had a positive return on equity of 0.38% and a negative net margin of 26.38%. The company had revenue of $29.99 million during the quarter, compared to the consensus estimate of $16.70 million.
Shares of JMP stock opened at $2.69 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.02 and a current ratio of 3.02. JMP Group has a fifty-two week low of $2.15 and a fifty-two week high of $3.78. The stock has a 50 day moving average price of $2.73 and a two-hundred day moving average price of $2.78. The company has a market capitalization of $53.64 million, a P/E ratio of -2.49, a PEG ratio of 2.74 and a beta of 0.89.
In other JMP Group news, CEO Joseph A. Jolson bought 67,270 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of $2.77 per share, for a total transaction of $186,337.90. Following the completion of the acquisition, the chief executive officer now directly owns 36,400 shares in the company, valued at $100,828. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph A. Jolson bought 33,390 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $2.64 per share, with a total value of $88,149.60. Following the acquisition, the chief executive officer now owns 36,400 shares of the company’s stock, valued at $96,096. The disclosure for this purchase can be found here. Insiders acquired 119,199 shares of company stock valued at $323,108 in the last quarter. Corporate insiders own 58.67% of the company’s stock.
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.
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