JMP Group LLC (NYSE:JMP) Lowered to “Sell” at Zacks Investment Research

JMP Group LLC (NYSE:JMP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, October 18th.

According to Zacks, “JMP GROUP INC. is a full-service investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients and alternative asset management products to institutional and high-net-worth investors. JMP Group operates through two subsidiaries, JMP Securities and JMP Asset Management. The company focuses its resources on small and middle-market growth companies and the institutions that invest in them. They approach their work with the idea that expertise, intellectual capital and relationships can never be commoditized. “

Separately, Keefe, Bruyette & Woods started coverage on JMP Group in a research note on Monday, October 16th. They issued a “mkt perform” rating and a $5.75 target price for the company.

Shares of JMP Group (NYSE:JMP) traded down $0.01 during mid-day trading on Wednesday, hitting $5.39. The stock had a trading volume of 48,001 shares, compared to its average volume of 26,050. The company has a market cap of $116.73, a price-to-earnings ratio of 31.76, a P/E/G ratio of 1.69 and a beta of 0.92. JMP Group has a 12-month low of $5.20 and a 12-month high of $7.70. The company has a current ratio of 5.62, a quick ratio of 5.62 and a debt-to-equity ratio of 7.03.

JMP Group (NYSE:JMP) last released its earnings results on Wednesday, November 1st. The financial services provider reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.04. The company had revenue of $32.03 million during the quarter, compared to analysts’ expectations of $29.90 million. JMP Group had a positive return on equity of 2.83% and a negative net margin of 11.87%. research analysts forecast that JMP Group will post 0.32 EPS for the current fiscal year.

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An institutional investor recently raised its position in JMP Group stock. Essex Investment Management Co. LLC lifted its holdings in JMP Group LLC (NYSE:JMP) by 149.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,695 shares of the financial services provider’s stock after purchasing an additional 29,158 shares during the quarter. Essex Investment Management Co. LLC owned 0.23% of JMP Group worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 13.14% of the stock is currently owned by institutional investors and hedge funds.

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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