California Public Employees Retirement System Has $315,000 Stake in JMP Group LLC (JMP)
California Public Employees Retirement System maintained its stake in shares of JMP Group LLC (NYSE:JMP) during the second quarter, according to its most recent filing with the SEC. The fund owned 57,700 shares of the financial services provider’s stock at the end of the second quarter. California Public Employees Retirement System owned about 0.27% of JMP Group worth $315,000 at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC increased its holdings in shares of JMP Group by 1.2% during the first quarter. Renaissance Technologies LLC now owns 57,060 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 685 shares in the last quarter. Hedge funds and other institutional investors own 13.15% of the company’s stock.
JMP has been the subject of several analyst reports. Zacks Investment Research upgraded JMP Group from a “strong sell” rating to a “buy” rating and set a $6.00 price target for the company in a report on Thursday, November 9th. Keefe, Bruyette & Woods began coverage on JMP Group in a report on Monday, October 16th. They set a “mkt perform” rating and a $5.75 price target for the company.
JMP Group LLC (JMP) traded up $0.01 during trading on Monday, hitting $5.52. The company had a trading volume of 3,800 shares, compared to its average volume of 37,942. The company has a debt-to-equity ratio of 7.31, a current ratio of 3.25 and a quick ratio of 3.25. JMP Group LLC has a 12 month low of $5.20 and a 12 month high of $7.70. The stock has a market capitalization of $118.60, a PE ratio of 32.47, a PEG ratio of 1.10 and a beta of 0.92.
JMP Group (NYSE:JMP) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.10 EPS for the quarter, beating the consensus estimate of $0.06 by $0.04. JMP Group had a positive return on equity of 2.90% and a negative net margin of 11.87%. The company had revenue of $32.03 million for the quarter, compared to analysts’ expectations of $29.90 million. research analysts anticipate that JMP Group LLC will post 0.5 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.36 annualized dividend and a yield of 6.52%. JMP Group’s payout ratio is -57.14%.
About JMP Group
JMP Group LLC, formerly JMP Group, Inc, is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income and Corporate Costs. The Broker-Dealer segment includes a range of 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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