CEO and Part Owner of JMP Group Invests in Company

Joseph Jolson acquires 87,532 company shares

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Jan 20, 2016
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Joseph Jolson (Insider Trades), CEO and 10% owner of JMP Group LLC (JMP), bought 87,532 shares in the company on Jan. 19.

The average price per share was $5.35, for a total transaction amount of $468,296. JMP Group is an investment banking and alternative asset management firm with a market cap of $114.93 million and a P/S ratio of 0.70.

Insider trades per year decreased in volume from 1,058,580 shares in 2014 to 541,278 shares in 2015 after increasing from 271,606 shares in 2013. The number of insider trades, however, increased during the three-year period. 02May2017182551.png 02May2017182552.png Jolson made 18 transactions with the company, all buys totaling 1,820,852 shares, since December 2013. His earliest JMP Group buy of 209,808 shares at an average per share price of $6.61 decreased in value by 18% since the purchase. Raymond Jackson (Insider Trades), CFO of JMP, also bought 4,000 shares of the company at an average per share price of $5.26 on Dec. 14, 2015. For more information about insider trades with JMP Group, click here.

JMP Group reported revenues of $28.090 million in the third quarter of 2015, down from $33.697 million reported by the company in the third quarter of 2014. Net income also decreased from $3.443 million, or 16 cents per share, to $1.258 million, or 6 cents per share when comparing the two quarters. Despite the decline in net revenue shown between the third quarters of 2014 and 2015, annual revenue increased 7.72% since 2011. Net income also followed an increasing trend line. 02May2017182552.png 02May2017182552.png On Jan. 13, JMP Group announced an authorization to increase the share repurchase by 1 million of the company’s outstanding shares through Dec. 31. JMP Group also announced a collaboration with Intrexon Corporation (XON, Financial). Harvest Capital Strategies raised $245 million for the Harvest Intrexon Enterprise Fund, which is set to fund companies that utilize the synthetic biology inventions, discoveries and technologies of Intrexon. The Harvest Intrexon Enterprise Fund invested in Thrive Agrobiotics Inc., a startup focused on improving overall growth and feed efficiency in piglets, and Intrexon Energy Partners II, a joint venture formed to produce a chemical intermediate used to manufacture plastics, polyurethane and spandex from low-cost natural gas.

Jim Simons (Trades, Portfolio) and Chuck Royce (Trades, Portfolio) bought 54,650 and 145,000 shares of JMP in the third quarter of 2015, both for an average price per share of $7.07. Simons acquired the holding in the second quarter of 2015, buying 77,953 shares at an average price of $7.81 per share. Royce acquired the holding in the second quarter of 2013 at an average per share price of $6.62. For more information about guru trades with JMP Group, click here.

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