JMP Group (NYSE:JMP) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “JMP GROUP INC. is a full-service investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients and alternative asset management products to institutional and high-net-worth investors. JMP Group operates through two subsidiaries, JMP Securities and JMP Asset Management. The company focuses its resources on small and middle-market growth companies and the institutions that invest in them. They approach their work with the idea that expertise, intellectual capital and relationships can never be commoditized. “

Other analysts have also issued reports about the stock. Barrington Research reiterated a “buy” rating and set a $8.00 target price on shares of JMP Group in a report on Tuesday, July 24th. TheStreet upgraded shares of JMP Group from a “d+” rating to a “c-” rating in a report on Friday, July 6th. Finally, ValuEngine upgraded shares of JMP Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. JMP Group presently has an average rating of “Hold” and a consensus target price of $6.58.

JMP Group stock opened at $5.30 on Thursday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 10.48. The stock has a market cap of $111.55 million, a PE ratio of 26.50, a PEG ratio of 1.53 and a beta of 0.56. JMP Group has a 1-year low of $4.92 and a 1-year high of $5.78.

JMP Group (NYSE:JMP) last posted its earnings results on Wednesday, July 25th. The financial services provider reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.13. The company had revenue of $44.26 million during the quarter, compared to analyst estimates of $30.20 million. JMP Group had a negative net margin of 3.67% and a positive return on equity of 7.03%. sell-side analysts predict that JMP Group will post 0.34 earnings per share for the current year.

An institutional investor recently bought a new position in JMP Group stock. Ladenburg Thalmann Financial Services Inc. purchased a new position in JMP Group LLC (NYSE:JMP) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,015 shares of the financial services provider’s stock, valued at approximately $147,000. Ladenburg Thalmann Financial Services Inc. owned approximately 0.13% of JMP Group at the end of the most recent reporting period. 12.51% of the stock is owned by hedge funds and other institutional investors.

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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