JMP Group LLC (NYSE:JMP) Sees Significant Drop in Short Interest

JMP Group LLC (NYSE:JMP) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 42,800 shares, a decrease of 7.2% from the June 15th total of 46,100 shares. Based on an average daily trading volume, of 23,800 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.6% of the shares of the stock are sold short.

JMP stock remained flat at $$2.69 during midday trading on Thursday. 192 shares of the company’s stock were exchanged, compared to its average volume of 9,752. JMP Group has a 1 year low of $2.15 and a 1 year high of $3.93. The stock has a market capitalization of $55.21 million, a PE ratio of -2.26, a PEG ratio of 2.82 and a beta of 0.89. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.02 and a current ratio of 3.02. The stock’s 50 day moving average price is $2.78 and its 200-day moving average price is $2.84.

JMP Group (NYSE:JMP) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.08). JMP Group had a negative net margin of 29.89% and a negative return on equity of 4.72%. The business had revenue of $5.27 million during the quarter, compared to the consensus estimate of $25.70 million. Analysts predict that JMP Group will post 0.1 earnings per share for the current year.

In other news, CEO Joseph A. Jolson acquired 33,390 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $2.64 per share, with a total value of $88,149.60. Following the completion of the purchase, the chief executive officer now owns 36,400 shares of the company’s stock, valued at $96,096. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph A. Jolson acquired 67,270 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of $2.77 per share, for a total transaction of $186,337.90. Following the completion of the purchase, the chief executive officer now directly owns 36,400 shares of the company’s stock, valued at approximately $100,828. The disclosure for this purchase can be found here. Insiders have acquired 125,199 shares of company stock worth $337,808 over the last ninety days. Insiders own 54.86% of the company’s stock.

A hedge fund recently bought a new stake in JMP Group stock. Advisor Group Holdings Inc. bought a new position in JMP Group LLC (NYSE:JMP) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 57,456 shares of the financial services provider’s stock, valued at approximately $138,000. Advisor Group Holdings Inc. owned 0.29% of JMP Group as of its most recent filing with the Securities & Exchange Commission. 4.83% of the stock is owned by institutional investors.

JMP has been the topic of several research analyst reports. Zacks Investment Research raised shares of JMP Group from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised shares of JMP Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 24th.

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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