Somewhat Favorable Press Coverage Extremely Likely to Impact JMP Group (JMP) Share Price

Media coverage about JMP Group (NYSE:JMP) has been trending somewhat positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. JMP Group earned a media sentiment score of 1.00 on their scale. InfoTrie also assigned news coverage about the financial services provider an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.

JMP Group stock traded down $0.08 during trading on Monday, hitting $3.94. 18,909 shares of the company were exchanged, compared to its average volume of 23,570. JMP Group has a 52 week low of $3.75 and a 52 week high of $5.72. The company has a market capitalization of $85.47 million, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 1.23 and a beta of 0.99. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 12.53.

JMP Group (NYSE:JMP) last announced its quarterly earnings results on Wednesday, February 13th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The business had revenue of $31.70 million during the quarter, compared to the consensus estimate of $31.10 million. JMP Group had a positive return on equity of 5.93% and a negative net margin of 1.60%. On average, analysts predict that JMP Group will post 0.33 EPS for the current year.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised JMP Group from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Singular Research reaffirmed a “buy” rating on shares of JMP Group in a research report on Tuesday, February 26th. ValuEngine lowered JMP Group from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Barrington Research reiterated a “buy” rating and set a $8.00 price target on shares of JMP Group in a report on Friday, December 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. JMP Group currently has a consensus rating of “Hold” and a consensus price target of $6.50.

In other news, CEO Joseph A. Jolson purchased 13,034 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average price of $4.01 per share, with a total value of $52,266.34. Following the transaction, the chief executive officer now directly owns 77,026 shares of the company’s stock, valued at $308,874.26. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joseph A. Jolson purchased 54,169 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were purchased at an average cost of $3.89 per share, for a total transaction of $210,717.41. Following the transaction, the chief executive officer now directly owns 77,026 shares in the company, valued at $299,631.14. The disclosure for this purchase can be found here. Insiders acquired a total of 196,700 shares of company stock valued at $773,168 in the last 90 days. Corporate insiders own 52.75% of the company’s stock.

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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.

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