There has been some buying insider activity on JMP Group LLC Common Shares (NYSE:JMP) recently. Yesterday President Carter D. Mack disclosed the purchase of 20,000 shares of JMP stock. The shares were bought on February 17th for an average price of $5.15. Mack now owns $5,380,257 of the stock according to the SEC filing. Joseph A. Jolson, CEO acquired $1,010 worth of shares at an average price of $5.05 on Tue the 16th. That brings Jolson’s holdings to $16,711,485 as recorded in a recent Form 4 SEC filing.
These firms have also modified their investment in JMP. Price T Rowe Associates Inc /md/ expanded its position by buying 67,500 shares an increase of 6.9% from 03/31/2016 to 06/30/2016. Price T Rowe Associates Inc /md/ currently owns 1,050,112 shares valued at $5,702,000. The value of the position overall is up by 11.0%. As of the end of the quarter Continental Advisors LLC had bought 600 shares growing its stake by 0.2%. The value of the investment in JMP increased from $1,324,000 to $1,378,000 a change of $54,000 quarter to quarter.
Integre Asset Management, LLC cut its investment by shedding 117,529 shares a decrease of 75.9%. Integre Asset Management, LLC owns 37,298 shares worth $203,000. The total value of its holdings decreased 76.0%. As of quarter end Goldman Sachs Group Inc had disposed of a total of 1,072 shares trimming its holdings by 3.2%. The value of the company’s investment in JMP Group LLC Common Shares went from $174,000 to $175,000 increasing 0.6% quarter over quarter.
February 16 investment analysts at Keefe Bruyette & Woods kept the stock rating at “Market Perform” and moved down the price target from $6.75 to $6.00. Equity analyst Keefe Bruyette & Woods both downgraded the stock and lowered the price target on December 11 changing the price objective from $8.50 to $6.75 and altering the rating from “Outperform” to “Market Perform”.
On December 11 the company was downgraded to “Market Perform” from “Outperform” and a price target of $6.75 was set in a report from Keefe Bruyette & Woods. On October 7 Keefe Bruyette & Woods held the stock rating at “Outperform” but moved down the price target to $8.50 from $9.15.
Keefe Bruyette & Woods raised the price target and upgraded the stock on December 12 boosting the price target from $7.50 to $9.15 and changing the rating from “Market Perform” to “Outperform”. On December 12 the stock rating was upgraded from “Market Perform” to “Outperform” with a current price target of $9.15 by Keefe Bruyette & Woods.
The company is trading up by 0.54 percent from yesterday’s close. The company also recently declared a dividend to be paid on Friday the 14th of October 2016. The dividend will be $0.090 per share for the quarter or $0.36 annualized. This dividend amount will represent a yeild of $6.53. The ex-dividend date has been established as Monday the 29th of August 2016.
Shares last traded at $5.54 just below $5.62, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $5.39. The 50 day moving average went down $-0.08 or -1.48% whereas the 200 day average was up by +2.69%.
As of the latest earnings report the EPS was $-0.13 and is projected to be $0.40 for the current year with 20,954,000 shares currently outstanding. Next quarter’s EPS is expected be $0.13 with next year’s EPS projected to be $0.52.