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Monica Wolfe
Monica Wolfe
Articles (757) 

JMP Group Reports 3 Insider Buys

March 19, 2013 | About:

JMP Group (JMP) reported three insider trades for the past week. Three corporate executives bought shares in the company, adding over 60,000 shares to their stake. On March 12 Director Jonathon Orszag added 20,000 shares for $6.34 each. His total transaction amount was $126,800. Orszag now holds 28,982 shares of JMP. Also, on March 12 vice chairman of Harvest Capital, Craig Johnson, added 25,000 shares to his stake for $6.48 each for a total of $162,000. Johnson now holds 1,110,557shares of JMP.

The latest transaction came from Director Kenneth Karmin on March 15. Karmin added 16,798 shares at $6.58 per share for a total of $110,531. Karmin now owns 93,861 shares of JMP.

The JMP Group is an investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients. They also provide alternate asset management products to institutional and high-net-worth investors. JMP Group operates through three different subsidiaries: JMP Securities, Harvest Capital Strategies and JMP Credit Advisors. JMP Group maintains its headquarters in San Francisco, Calif., and has a market cap of $148.15 million.

The net income for JMP in 2012 was $16.5 million, or $0.72 per diluted share, compared to $17 million, or $0.76 per diluted share. In January 2013 the company completed a $46 million offering of 8.00% senior notes due 2023, successfully accessing the longer-term debt markets for the first time.

JMP Group currently has an Altman Z-score of 0.31 which is in the distress zone. This implies a possibility of bankruptcy in the next two years. Over the past three years, JMP has issued $26.193 million of debt.

“Despite depressed institutional equity underwriting and trading volumes across Wall Street for much of 2012, JMP delivered its second consecutive year of record earnings, generating $0.68 of adjusted operating EPS, compared to $0.56 for 2011,” said Chairman and CEO Joe Jolson.

Jim Simons is the only Guru who holds shares in JMP. Simons currently holds 19,400 shares of JMP Group.

With its shares down 1.21%vtoday, JMP trades at $6.55.

For more information on insider trades within JMP Group, look at the JMP Insider Trades page.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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GuruFocus has detected 3 Warning Signs with JMP Group LLC $JMP.
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