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JMP Group

NYSE:JMP
Snowflake Description

Mediocre balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JMP
NYSE
$60M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

JMP Group LLC, together with its subsidiaries, provides investment banking, sales and trading, equity research, and asset management products and services in the United States. The last earnings update was 24 days ago. More info.


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JMP Share Price and Events
7 Day Returns
-4.9%
NYSE:JMP
-0.8%
US Capital Markets
-1.4%
US Market
1 Year Returns
-32.9%
NYSE:JMP
15%
US Capital Markets
14.5%
US Market
JMP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JMP Group (JMP) -4.9% -6.1% -12.7% -32.9% -50.9% -58%
US Capital Markets -0.8% 4.1% 6.4% 15% 30.8% 60%
US Market -1.4% 1.3% 4.6% 14.5% 35.7% 48.6%
1 Year Return vs Industry and Market
  • JMP underperformed the Capital Markets industry which returned 15% over the past year.
  • JMP underperformed the Market in United States of America which returned 14.5% over the past year.
Price Volatility
JMP
Industry
5yr Volatility vs Market

Value

 Is JMP Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for JMP Group. This is due to cash flow or dividend data being unavailable. The share price is $3.08.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for JMP Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JMP Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:JMP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.01
NYSE:JMP Share Price ** NYSE (2019-12-05) in USD $3.08
United States of America Capital Markets Industry PE Ratio Median Figure of 82 Publicly-Listed Capital Markets Companies 32.88x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of JMP Group.

NYSE:JMP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:JMP Share Price ÷ EPS (both in USD)

= 3.08 ÷ -0.01

-206.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JMP Group is loss making, we can't compare its value to the US Capital Markets industry average.
  • JMP Group is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does JMP Group's expected growth come at a high price?
Raw Data
NYSE:JMP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -206.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 37 Publicly-Listed Capital Markets Companies 2.15x
United States of America Market PEG Ratio Median Figure of 2,045 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for JMP Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on JMP Group's assets?
Raw Data
NYSE:JMP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $3.72
NYSE:JMP Share Price * NYSE (2019-12-05) in USD $3.08
United States of America Capital Markets Industry PB Ratio Median Figure of 154 Publicly-Listed Capital Markets Companies 6.43x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.77x
NYSE:JMP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:JMP Share Price ÷ Book Value per Share (both in USD)

= 3.08 ÷ 3.72

0.83x

* Primary Listing of JMP Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JMP Group is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess JMP Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. JMP Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is JMP Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.2%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is JMP Group expected to grow at an attractive rate?
  • Unable to compare JMP Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare JMP Group's earnings growth to the United States of America market average as no estimate data is available.
  • JMP Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:JMP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:JMP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 11.2%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.2%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:JMP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:JMP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 122 1
2019-12-31 104 1
2019-12-06
NYSE:JMP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 108 -16 0
2019-06-30 120 6 4
2019-03-31 137 2 3
2018-12-31 139 23 -2
2018-09-30 139 24 -3
2018-06-30 138 16 -5
2018-03-31 122 19 -11
2017-12-31 116 3 -16
2017-09-30 121 -9 -14
2017-06-30 120 -13 -12
2017-03-31 121 -14 -4
2016-12-31 135 9 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if JMP Group is high growth as no earnings estimate data is available.
  • JMP Group's revenue is expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:JMP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from JMP Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:JMP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2019-12-06
NYSE:JMP Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.01
2019-06-30 0.19
2019-03-31 0.15
2018-12-31 -0.10
2018-09-30 -0.16
2018-06-30 -0.23
2018-03-31 -0.53
2017-12-31 -0.74
2017-09-30 -0.64
2017-06-30 -0.55
2017-03-31 -0.17
2016-12-31 0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if JMP Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess JMP Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
JMP Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has JMP Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare JMP Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • JMP Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare JMP Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare JMP Group's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
JMP Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from JMP Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:JMP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 108.42 -0.31 94.61
2019-06-30 120.35 4.04 99.79
2019-03-31 136.59 3.17 108.99
2018-12-31 139.26 -2.19 116.48
2018-09-30 139.18 -3.36 116.49
2018-06-30 137.78 -4.88 117.31
2018-03-31 122.16 -11.43 110.52
2017-12-31 116.49 -15.88 106.89
2017-09-30 120.99 -13.72 116.01
2017-06-30 119.64 -11.83 113.85
2017-03-31 120.68 -3.62 111.20
2016-12-31 134.98 2.93 116.56
2016-09-30 130.61 0.99 112.54
2016-06-30 128.03 -2.67 112.33
2016-03-31 138.76 3.49 119.47
2015-12-31 141.24 -0.21 118.76
2015-09-30 163.13 5.40 118.38
2015-06-30 168.74 9.88 124.74
2015-03-31 185.80 7.04 134.78
2014-12-31 182.51 12.71 138.97
2014-09-30 188.56 11.75 145.88
2014-06-30 190.24 13.54 141.71
2014-03-31 163.63 9.13 130.26
2013-12-31 149.22 3.63 118.29
2013-09-30 113.30 5.46 95.50
2013-06-30 96.55 0.87 88.22
2013-03-31 90.80 0.66 77.68
2012-12-31 99.19 2.76 79.39

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • JMP Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if JMP Group has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if JMP Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess JMP Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
JMP Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is JMP Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up JMP Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • JMP Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • JMP Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of JMP Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from JMP Group Company Filings, last reported 2 months ago.

NYSE:JMP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 71.51 98.24 131.58
2019-06-30 75.17 99.52 134.40
2019-03-31 86.45 84.43 134.10
2018-12-31 97.21 1,219.17 89.80
2018-09-30 100.29 1,196.27 93.34
2018-06-30 102.27 1,090.39 71.86
2018-03-31 106.14 953.63 67.50
2017-12-31 110.18 892.60 106.42
2017-09-30 114.56 836.88 109.76
2017-06-30 118.03 829.21 110.27
2017-03-31 128.74 705.34 101.79
2016-12-31 135.29 918.94 104.21
2016-09-30 138.07 949.12 110.47
2016-06-30 146.99 981.78 98.11
2016-03-31 150.24 1,012.47 81.26
2015-12-31 152.89 1,023.95 97.04
2015-09-30 159.39 1,054.56 97.54
2015-06-30 164.61 1,081.73 94.58
2015-03-31 160.73 1,089.35 86.44
2014-12-31 288.93 1,095.44 130.83
2014-09-30 277.99 1,108.15 123.59
2014-06-30 241.66 902.61 86.78
2014-03-31 232.96 858.22 73.62
2013-12-31 237.24 780.32 95.35
2013-09-30 218.21 785.46 75.46
2013-06-30 206.72 808.08 71.20
2013-03-31 191.95 499.48 59.43
2012-12-31 187.30 454.17 81.57
  • JMP Group's level of debt (137.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (398.4% vs 137.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on JMP Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess JMP Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. JMP Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is JMP Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.19%
Current annual income from JMP Group dividends.
If you bought $2,000 of JMP Group shares you are expected to receive $104 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • JMP Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • JMP Group's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:JMP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1958 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:JMP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2019-12-06
NYSE:JMP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-04 0.160 4.999
2019-08-01 0.160 4.575
2019-04-29 0.160 4.140
2018-10-18 0.360 8.256
2018-07-18 0.360 6.791
2018-04-19 0.360 6.960
2018-01-18 0.360 6.832
2017-10-20 0.360 6.566
2017-07-20 0.360 6.595
2017-04-19 0.360 6.558
2017-01-19 0.360 5.764
2016-10-19 0.360 6.001
2016-07-18 0.360 6.478
2016-04-19 0.360 6.704
2016-01-20 0.480 9.277
2015-10-15 0.480 8.170
2015-07-20 0.480 6.964
2015-04-14 0.444 5.789
2015-03-12 0.420 5.213
2015-02-13 0.420 5.654
2014-10-30 0.280 3.679
2014-07-29 0.240 3.629
2014-04-29 0.200 2.940
2014-03-11 0.180 2.605
2013-10-29 0.160 2.268
2013-07-30 0.140 2.117
2013-05-06 0.140 2.047
2013-03-05 0.140 2.156
2012-10-31 0.140 2.386
2012-07-31 0.140 2.522
2012-05-01 0.140 2.252
2012-03-06 0.120 1.637
2011-11-02 0.120 1.669
2011-08-03 0.120 1.808
2011-05-04 0.100 1.437
2011-03-01 0.080 0.970
2010-11-03 0.060 0.799
2010-08-04 0.060 0.947
2010-05-05 0.060 0.874
2010-03-03 0.040 0.486
2009-11-04 0.040 0.450
2009-08-06 0.040 0.408
2009-05-07 0.040 0.543
2009-03-04 0.040 0.864

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of JMP Group's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess JMP Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can JMP Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JMP Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of JMP Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joe Jolson
COMPENSATION $1,682,108
AGE 60
TENURE AS CEO 20.3 years
CEO Bio

Mr. Joseph Andrew Jolson, also known as Joe, is Chairman of the board and Chief Executive Officer at Harvest Capital Credit Corporation. He also is Chief Executive Officer, Portfolio Manager and Member of the Board of Directors of Harvest Capital Strategies LLC. Mr. Jolson is Chairman and Chief Executive Officer at JMP Group, Inc. since August 2004 and September 1999 respectively. He Co-founded JMP Group LLC in 1999. Mr. Jolson is Equity Analyst at JMP Securities LLC, Research Division. Previously, Mr. Jolson is the Chairman and Chief Executive Officer at Opportunity Acquisition Corp. From 1999 until 2015, he was portfolio manager of hedge fund strategy Harvest Opportunity Partners II. He was a Senior Managing Director and Senior Equity Research Analyst at Banc of America Securities LLC. Mr. Jolson established the firm's non-bank financial services research group in 1984, which subsequently covered California and regional thrifts, government-sponsored enterprises, specialty lenders and mortgage finance companies over the next 15 years. He also initiated the firm's real estate practice and launched its auto services effort in 1989 and 1994 respectively. Mr. Jolson is a Consulting Research Analyst at Fidelity Management and Research from 1983 to 1984. He was also a Consulting Research Analyst at Donaldson, Lufkin & Jenrette in from 1980 through 1982. Mr. Jolson followed the financial services industry and selected emerging growth companies at both firms. He possesses extensive knowledge and has deep experience in managing investment companies, financial analysis, corporate governance, strategic planning, business evaluation and oversight. He was employed at Montgomery Securities. He is Chairman of Harvest Capital Credit Corporation and is its Director since 2012. Mr. Jolson is Director of HuaMei Capital Company. He was named to Institutional Investor magazine's All-America Research Team for ten consecutive years, between 1986 and 1995, for his coverage of the savings and loan industry. Mr. Jolson is director of JMP Group, Inc. since August 2004. Mr. Jolson was also selected as an All-Star Analyst in the financial services category by The Wall Street Journal in 1996 and 1997. Additionally, he was ranked as a top-five thrift analyst by Greenwich Associates every year from 1985 through 1994. Mr. Jolson received an MBA with distinction from University of Pennsylvania - The Wharton School. He also received a BA in History from Yale University.

CEO Compensation
  • Joe's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Joe's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the JMP Group management team in years:

8.9
Average Tenure
57
Average Age
  • The average tenure for the JMP Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Joe Jolson

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
60
TENURE
20.3 yrs

Carter Mack

TITLE
President & Director
COMPENSATION
$2M
AGE
56
TENURE
8.9 yrs

Ray Jackson

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
46
TENURE
9.8 yrs

Thomas Wright

TITLE
MD & Director of Equities - JMP Securities
COMPENSATION
$1M
AGE
58
TENURE
6.9 yrs

Mark Lehmann

TITLE
Director & President of JMP Securities
COMPENSATION
$2M
AGE
55
TENURE
8.9 yrs

Craig Johnson

TITLE
Vice Chairman
COMPENSATION
$1M
AGE
64
TENURE
8.9 yrs

Mercedes Broening

TITLE
Chief Information Officer & MD

Andrew Palmer

TITLE
Director of Investor Relations

Walter Conroy

TITLE
Chief Legal Officer & Corporate Secretary
TENURE
3.7 yrs

Zeke Navar

TITLE
Managing Director of Investment Banking Division
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the JMP Group board of directors in years:

10.8
Average Tenure
59
Average Age
  • The average tenure for the JMP Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Joe Jolson

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
60
TENURE
15.3 yrs

Carter Mack

TITLE
President & Director
COMPENSATION
$2M
AGE
56
TENURE
15.3 yrs

Mark Lehmann

TITLE
Director & President of JMP Securities
COMPENSATION
$2M
AGE
55
TENURE
15.3 yrs

Craig Johnson

TITLE
Vice Chairman
COMPENSATION
$1M
AGE
64
TENURE
8.9 yrs

Glenn Tongue

TITLE
Independent Director
COMPENSATION
$78K
AGE
60
TENURE
12.3 yrs

Ken Karmin

TITLE
Lead Director
COMPENSATION
$87K
AGE
58
TENURE
9.4 yrs

H. Lunenburg

TITLE
Independent Director
COMPENSATION
$69K
AGE
59
TENURE
10.8 yrs

David DiPietro

TITLE
Independent Director
COMPENSATION
$58K
AGE
59
TENURE
9 yrs

Jon Orszag

TITLE
Independent Director
COMPENSATION
$58K
AGE
45
TENURE
8.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Mar 19 Buy Joseph Jolson Individual 08. Mar 19 11. Mar 19 9,524 $4.03 $38,046
07. Mar 19 Buy Joseph Jolson Individual 05. Mar 19 07. Mar 19 45,738 $4.05 $184,319
X
Management checks
We assess JMP Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. JMP Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could JMP Group LLC's (NYSE:JMP) Investor Composition Influence The Stock Price?

Taking a look at our data on the ownership groups (below), it's seems that institutions own shares in the company. … See our latest analysis for JMP Group NYSE:JMP Ownership Summary, August 13th 2019 What Does The Institutional Ownership Tell Us About JMP Group? … It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time.

Simply Wall St -

Is JMP Group LLC's (NYSE:JMP) CEO Pay Justified?

We examined a group of similar sized companies, with market capitalizations of below US$200m. … Thus we can conclude that Joe Jolson receives more in total compensation than the median of a group of companies in the same market, and of similar size to JMP Group LLC. … We examined the amount JMP Group LLC pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

Something To Consider Before Buying JMP Group LLC (NYSE:JMP) For The 4.0% Dividend

Dividend paying stocks like JMP Group LLC (NYSE:JMP) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … With JMP Group yielding 4.0% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to evaluate if earnings per share (EPS) are growing - it's not worth taking the risk on a dividend getting cut, unless you might be rewarded with larger dividends in future.

Simply Wall St -

Is Now The Time To Look At Buying JMP Group LLC (NYSE:JMP)?

Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … Though in the case of JMP Group, it is expected to deliver a relatively unexciting top-line growth of 1.6% over the next year, which doesn’t help build up its investment thesis.

Simply Wall St -

If You Had Bought JMP Group (NYSE:JMP) Stock Five Years Ago, You'd Be Sitting On A 41% Loss, Today

Because JMP Group is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Shareholders of unprofitable companies usually expect strong revenue growth. … Without profits, its hard to see how shareholders win if the revenue keeps falling

Simply Wall St -

What Type Of Shareholder Owns JMP Group LLC's (NYSE:JMP)?

Generally speaking, as a company grows, institutions will increase their ownership. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Does JMP Group LLC's (NYSE:JMP) CEO Pay Reflect Performance?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Joe Jolson's Compensation Compare With Similar Sized Companies. … Our data indicates that JMP Group LLC is worth US$87m, and total annual CEO compensation is US$3.0m.

Simply Wall St -

JMP Group LLC (NYSE:JMP): What Does Its Beta Value Mean For Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

Have Insiders Been Buying JMP Group LLC (NYSE:JMP) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in JMP Group LLC (NYSE:JMP). … The Last 12 Months Of Insider Transactions At JMP Group.

Simply Wall St -

Does JMP Group LLC's (NYSE:JMP) CEO Pay Reflect Performance?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Our data indicates that JMP Group LLC is worth US$104m, and total annual CEO compensation is US$3.0m. … We took a group of companies with market capitalizations below US$200m, and calculated the median CEO compensation to be US$295k.

Simply Wall St -

Company Info

Description

JMP Group LLC, together with its subsidiaries, provides investment banking, sales and trading, equity research, and asset management products and services in the United States. The company operates through four segments: Broker-Dealer, Asset Management Fee Income, Investment Income, and Corporate costs. It offers various 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, as well as institutional brokerage services and equity research services. The company is also involved in the management of a range of pooled investment vehicles, including the hedge funds, hedge funds of funds, and collateralized loan obligations. In addition, it engages in investing in public and private securities, and investment funds, as well as other investing activities. The company also provides investment advisory services to business development companies. It serves corporates, institutional clients and investors, and high net-worth individuals. JMP Group LLC was incorporated in 2014 and is headquartered in San Francisco, California.

Details
Name: JMP Group LLC
JMP
Exchange: NYSE
Founded: 2014
$59,586,838
19,346,376
Website: http://www.jmpg.com
Address: JMP Group LLC
600 Montgomery Street,
Suite 1100,
San Francisco,
California, 94111,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE JMP Common Stock New York Stock Exchange US USD 11. May 2007
Number of employees
Current staff
Staff numbers
226
JMP Group employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/06 00:06
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/10/24
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.