JMP Group LLC (NYSE:JMP) declared a monthly dividend on Thursday, July 19th, Wall Street Journal reports. Shareholders of record on Friday, August 31st will be paid a dividend of 0.03 per share by the financial services provider on Friday, September 14th. This represents a $0.36 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date is Thursday, August 30th.
JMP Group has raised its dividend by an average of 17.0% per year over the last three years. JMP Group has a payout ratio of 163.6% 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 research analysts expect JMP Group to earn $0.30 per share next year, which means the company may not be able to cover its $0.36 annual dividend with an expected future payout ratio of 120.0%.
Get JMP Group alerts:NYSE JMP traded down $0.05 during trading hours on Thursday, reaching $5.30. The company’s stock had a trading volume of 13,082 shares, compared to its average volume of 24,509. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 8.90. JMP Group has a 52 week low of $4.92 and a 52 week high of $5.78. The stock has a market capitalization of $115.13 million, a P/E ratio of 26.50, a P/E/G ratio of 2.43 and a beta of 0.68.
JMP Group (NYSE:JMP) last issued its earnings results on Wednesday, May 2nd. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.08). JMP Group had a positive return on equity of 4.26% and a negative net margin of 10.16%. The business had revenue of $27.21 million during the quarter, compared to the consensus estimate of $26.60 million. equities research analysts expect that JMP Group will post 0.22 earnings per share for the current year.
In other JMP Group news, CEO Joseph A. Jolson purchased 5,425 shares of the business’s stock in a transaction dated Wednesday, June 6th. The shares were bought at an average price of $5.05 per share, with a total value of $27,396.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph A. Jolson purchased 16,500 shares of the business’s stock in a transaction dated Wednesday, June 13th. The shares were acquired at an average cost of $5.05 per share, for a total transaction of $83,325.00. Following the acquisition, the chief executive officer now owns 77,026 shares of the company’s stock, valued at approximately $388,981.30. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 36,925 shares of company stock worth $186,471. Corporate insiders own 52.75% of the company’s stock.
JMP has been the topic of a number of recent research reports. ValuEngine cut shares of JMP Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. TheStreet raised shares of JMP Group from a “d+” rating to a “c-” rating in a report on Friday, July 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $5.50 target price on shares of JMP Group in a report on Friday, April 6th. Barrington Research reissued a “buy” rating and issued a $8.00 target price on shares of JMP Group in a report on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of JMP Group from a “sell” rating to a “hold” rating in a report on Saturday, April 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $6.50.
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.
Featured Story: How do investors use RSI to grade stocks?
No comments:
Post a Comment