JMP Group LLC (NYSE:JMP) Short Interest Update

JMP Group LLC (NYSE:JMP) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 6,800 shares, an increase of 94.3% from the July 31st total of 3,500 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 26,500 shares, the short-interest ratio is presently 0.3 days.

Several equities research analysts have recently weighed in on JMP shares. Zacks Investment Research lowered JMP Group from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Barrington Research reiterated a “buy” rating and issued a $6.00 price objective on shares of JMP Group in a research note on Wednesday, July 24th.

NYSE JMP traded down $0.04 during trading hours on Friday, reaching $3.54. 10,249 shares of the company’s stock were exchanged, compared to its average volume of 10,336. The stock has a market cap of $68.60 million, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.61 and a beta of 0.81. JMP Group has a one year low of $3.49 and a one year high of $5.33. The firm has a fifty day moving average of $3.60 and a 200-day moving average of $3.86. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.47.

JMP Group (NYSE:JMP) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.16). The business had revenue of $28.07 million for the quarter, compared to the consensus estimate of $39.88 million. JMP Group had a return on equity of 5.83% and a net margin of 3.36%. As a group, research analysts forecast that JMP Group will post 0.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.16 dividend on an annualized basis and a yield of 4.52%. JMP Group’s dividend payout ratio (DPR) is presently 57.14%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. grew its position in JMP Group by 65.9% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 48,956 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 19,441 shares during the last quarter. Bard Associates Inc. acquired a new position in JMP Group during the 2nd quarter worth $39,000. Finally, Wetherby Asset Management Inc. acquired a new position in JMP Group during the 1st quarter worth $319,000. Institutional investors and hedge funds own 8.55% of the company’s stock.

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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