JMP Group LLC (NYSE:JMP) announced a monthly dividend on Friday, July 21st, Wall Street Journal reports. Stockholders of record on Thursday, August 31st will be paid a dividend of 0.03 per share by the financial services provider on Friday, September 15th. This represents a $0.36 annualized dividend and a dividend yield of 6.73%. The ex-dividend date is Tuesday, August 29th.
JMP Group has increased its dividend by an average of 40.2% annually over the last three years and has raised its dividend every year for the last 7 years. JMP Group has a dividend payout ratio of 94.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.
Shares of JMP Group (NYSE:JMP) traded up 0.94% during mid-day trading on Friday, hitting $5.35. The stock had a trading volume of 42,005 shares. The firm’s 50-day moving average price is $5.43 and its 200 day moving average price is $5.89. The stock’s market cap is $115.95 million. JMP Group has a 12-month low of $5.19 and a 12-month high of $7.70.
JMP Group (NYSE:JMP) last released its earnings results on Wednesday, April 26th. The financial services provider reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.18. The firm had revenue of $24.38 million during the quarter. JMP Group had a negative net margin of 2.99% and a positive return on equity of 0.79%. Equities analysts forecast that JMP Group will post $0.35 EPS for the current fiscal year.
Separately, Zacks Investment Research raised JMP Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th.
In related news, Director Glenn H. Tongue purchased 20,864 shares of JMP Group stock in a transaction dated Tuesday, May 2nd. The shares were acquired at an average cost of $5.76 per share, for a total transaction of $120,176.64. Following the transaction, the director now directly owns 142,411 shares of the company’s stock, valued at $820,287.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Raymond Jackson sold 50,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $7.50, for a total value of $375,000.00. Following the completion of the transaction, the chief financial officer now owns 146,664 shares in the company, valued at $1,099,980. The disclosure for this sale can be found here. 52.11% of the stock is owned by company insiders.
JMP Group Company Profile
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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