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Jmp Analysis

In: Business and Management

Submitted By makgits
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Date Stock Valuation: JMP Group JMP Group is an investment banking and asset management firm that was founded in San Francisco in 1999. The company is listed in the New York Stock Exchange. Some of the operations that JMP Group engages in include; investment banking, trading of stocks and equity research services to both corporate and institutional clients. Additionally it provides alternative asset management products and services to institutional clients. At the moment the firm has floated 12.99million shares in the financial market. In the past five years, JMP Group stock price has performed at a mean price of $6.9. The highest stock price over the same period was at $8.78 while lowest stock price in the same period was $5.00. In the last twelve months, the stock was fairly stable at an average price of $7.13.
Company Fundamentals and performance
Although JMP Group is a small industry player, its performance in the industry is commendable. According to its recent financials filed in the last quarter of the year 2014, JMP Group recorded a net profit margin of 4.46%. The industry average for the same period was at 10.6%. A look at the company’s income statement reveals that the net income in the year 2014 was $3.62 million up from the previous $2.75million realised in 2013. Taking into account the total tangible equity figures of the years 2014 and 2013, the firm’s ROTE (the rate of tangible equity) stood at 9.36 which is above the industry average of 9.24.
Company Leadership
The management and leadership of JMP Group draw a wealth of experience particularly from the financial sector. Joseph A. Jolson serves as JMP Group Chairman and C.E.O. Mr Jolson was previously the Senior Managing Director and Senior Research Analyst at Montgomery Securities in San Francisco for 15 years. He holds a MBA degree with distinction…...

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