Stock Worth Watching: Will JMP Group Inc. Short Squeeze Soon?

Stock Worth Watching: Will JMP Group Inc. Short Squeeze Soon?

The stock of JMP Group Inc. (NYSE:JMP) is a huge mover today! The stock decreased 4.35% or $0.25 on November 4, hitting $5.5. About 76,064 shares traded hands or 280.09% up from the average. JMP Group Inc. (NYSE:JMP) has risen 13.19% since April 4, 2016 and is uptrending. It has outperformed by 12.10% the S&P500.
The move comes after 6 months negative chart setup for the $119.43 million company. It was reported on Nov, 4 by Barchart.com. We have $4.90 PT which if reached, will make NYSE:JMP worth $13.14 million less.

JMP Group Inc. (NYSE:JMP) Ratings Coverage

Out of 4 analysts covering JMP Group (NYSE:JMP), 2 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 50% are positive. JMP Group has been the topic of 5 analyst reports since September 2, 2015 according to StockzIntelligence Inc. As per Monday, October 26, the company rating was maintained by Barrington Research. The stock of JMP Group Inc. (NYSE:JMP) earned “Sell” rating by TheStreet on Wednesday, September 2. The rating was downgraded by Keefe Bruyette & Woods on Friday, December 11 to “Mkt Perform”. On Wednesday, October 7 the stock rating was maintained by Wood with “Outperform”.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.38 in Q2 2016. Its up 0.82, from 0.56 in 2016Q1. The ratio improved, as 3 funds sold all JMP Group Inc. shares owned while 5 reduced positions. 5 funds bought stakes while 6 increased positions. They now own 2.92 million shares or 20.15% less from 3.66 million shares in 2016Q1.
Lmm Limited accumulated 0.07% or 300,000 shares. Gsa Partners Ltd Liability Partnership has 88,919 shares for 0.03% of their US portfolio. Renaissance Techs Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Zpr Inv Mngmt owns 10,068 shares or 0.1% of their US portfolio. The New York-based Goldman Sachs Group Inc has invested 0% in JMP Group Inc. (NYSE:JMP). Royal National Bank Of Canada holds 0% of its portfolio in JMP Group Inc. (NYSE:JMP) for 41,762 shares. The New York-based Geduld E E has invested 0.25% in JMP Group Inc. (NYSE:JMP). Fmr Limited Liability holds 0% of its portfolio in JMP Group Inc. (NYSE:JMP) for 496,200 shares. Price T Rowe Md reported 1.05M shares or 0% of all its holdings. Moreover, Westend Capital Management Ltd Liability Corp has 0.15% invested in JMP Group Inc. (NYSE:JMP) for 19,539 shares. Walleye Trading Llc accumulated 3,200 shares or 0% of the stock. Brown Advisory owns 15,000 shares or 0% of their US portfolio. Jbf accumulated 0.04% or 54,174 shares. Greenwich Wealth Mngmt Ltd Liability Co holds 15,100 shares or 0.22% of its portfolio. Hilltop Hldgs owns 47,900 shares or 0.08% of their US portfolio.

JMP Company Profile

JMP Group, Inc., incorporated on July 26, 2004, is a full-service investment banking and asset management firm. The Firm operates in five divisions: 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 (M&A), restructuring and other strategic transactions. The Asset Management segment includes the management of a range of pooled investment vehicles, including the Company’s hedge funds, hedge funds of funds. The Corporate Credit segment includes the management of collateralized loan obligations and small business loans. The Investment Income segment includes income from the Company’s principal investments in public and private securities, as well as any other net interest and income from investing activities. The Corporate Costs segment includes expenses related to JMP Group Inc., the holding company, and JMP Group LLC, and comprises corporate overhead expenses and interest expense related to the Company’s credit facility with City National Bank.

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