Keefe, Bruyette & Woods reiterated their hold rating on shares of JMP Group (NYSE:JMP) in a report published on Thursday. Keefe, Bruyette & Woods currently has a $5.75 price objective on the financial services provider’s stock.

Separately, Zacks Investment Research cut shares of JMP Group from a hold rating to a sell rating in a research report on Wednesday, October 18th.

Shares of JMP Group (NYSE:JMP) traded down $0.01 during midday trading on Thursday, reaching $5.49. 14,400 shares of the company traded hands, compared to its average volume of 32,200. JMP Group has a twelve month low of $5.20 and a twelve month high of $7.70. The company has a market cap of $117.96, a PE ratio of -8.58, a price-to-earnings-growth ratio of 1.28 and a beta of 0.80. The company has a debt-to-equity ratio of 7.31, a quick ratio of 3.25 and a current ratio of 3.25.

JMP Group (NYSE:JMP) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04. JMP Group had a negative net margin of 11.87% and a positive return on equity of 2.90%. The business had revenue of $32.03 million for the quarter, compared to analysts’ expectations of $29.90 million. equities analysts predict that JMP Group will post 0.1 EPS for the current fiscal year.

JMP Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 13th that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

The firm also recently declared a monthly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.36 annualized dividend and a yield of 6.56%. JMP Group’s payout ratio is -56.25%.

In other news, Director Thomas Rowe Wright acquired 12,500 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was purchased at an average price of $5.33 per share, for a total transaction of $66,625.00. Following the purchase, the director now owns 363,636 shares in the company, valued at approximately $1,938,179.88. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 52.11% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in JMP Group stock. Essex Investment Management Co. LLC raised its position in JMP Group LLC (NYSE:JMP) by 149.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,695 shares of the financial services provider’s stock after buying an additional 29,158 shares during the period. Essex Investment Management Co. LLC owned 0.23% of JMP Group worth $274,000 as of its most recent filing with the SEC. 12.98% of the stock is owned by institutional investors and hedge funds.

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JMP Group Company Profile

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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