JMP Group LLC (NYSE:JMP) Short Interest Update

JMP Group LLC (NYSE:JMP) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 6,800 shares, a growth of 94.3% from the July 31st total of 3,500 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 26,500 shares, the days-to-cover ratio is presently 0.3 days.

A number of research analysts have recently weighed in on JMP shares. Barrington Research reiterated a “buy” rating and set a $6.00 price target on shares of JMP Group in a report on Wednesday, July 24th. Zacks Investment Research downgraded JMP Group from a “buy” rating to a “hold” rating in a report on Friday, July 26th.

A number of hedge funds and other institutional investors have recently modified their holdings of JMP. Wetherby Asset Management Inc. acquired a new stake in shares of JMP Group in the first quarter worth about $319,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of JMP Group by 65.9% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 48,956 shares of the financial services provider’s stock worth $192,000 after buying an additional 19,441 shares during the last quarter. Finally, Bard Associates Inc. acquired a new stake in shares of JMP Group in the second quarter worth about $39,000. Hedge funds and other institutional investors own 8.55% of the company’s stock.

Shares of JMP stock traded down $0.04 on Friday, reaching $3.54. 10,249 shares of the company’s stock traded hands, compared to its average volume of 10,336. The business’s 50 day moving average price is $3.60 and its two-hundred day moving average price is $3.86. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.81 and a current ratio of 1.81. JMP Group has a 12-month low of $3.49 and a 12-month high of $5.33. The company has a market capitalization of $68.60 million, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 1.61 and a beta of 0.81.

JMP Group (NYSE:JMP) last issued its earnings results on Wednesday, July 24th. The financial services provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.16). JMP Group had a net margin of 3.36% and a return on equity of 5.83%. The firm had revenue of $28.07 million during the quarter, compared to analysts’ expectations of $39.88 million. Research analysts predict that JMP Group will post 0.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.16 dividend on an annualized basis and a yield of 4.52%. JMP Group’s dividend payout ratio (DPR) is currently 57.14%.

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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