JMP Group: 3 Different Insiders Have Purchased Shares This Month

Apr.29.14 | About: JMP Group (JMP)

Summary

Three insiders purchased JMP Group stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

2 of these 3 insiders increased their holdings by more than 10%.

JMP Group (NYSE:JMP) provides investment banking and asset management services in the United States.

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Insider buying during the last 30 days

Here is a table of JMP Group's insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Current Ownership Increase In Shares
Joseph Jolson CEO April 24-28 34,264 2,995,035 shares +1.2%
Jonathan Orszag Director April 24 11,312 42,281 shares +36.5%
Glenn Tongue Director April 23-25 21,023 71,275 shares +41.8%
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There have been 66,599 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of JMP Group's insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
April 2014 66,599 0
March 2014 0 0
February 2014 0 0
January 2014 0 0
December 2013 209,808 0
November 2013 0 0
October 2013 0 0
September 2013 0 0
August 2013 0 0
July 2013 0 0
June 2013 0 0
May 2013 0 0
April 2013 0 0
March 2013 61,798 0
February 2013 0 0
January 2013 0 0
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There have been 338,205 shares purchased, and there have been zero shares sold by insiders since January 2013.

Financials

JMP Group reported the first-quarter financial results on April 23 with the following highlights:

Revenue $37.7 million
Net income $4.0 million
Tangible book value $5.97 per share
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The three insiders purchased their shares after these results.

Competition

JMP Group's competitors include Cowen Group (NASDAQ:COWN), and Evercore Partners (NYSE:EVR). Here is a table comparing these companies.

Company JMP COWN EVR
Market Cap: 142.05M 479.94M 1.81B
Employees: 235 633 1,000
Qtrly Rev Growth (yoy): 1.51 0.43 0.02
Revenue: 149.21M 290.44M 765.43M
Gross Margin: 0.92 0.82 0.94
Operating Margin: 0.12 -0.12 0.19
Net Income: 3.63M 4.65M 55.98M
EPS: 0.16 0.04 1.44
P/E: 40.69 104.75 36.17
PEG (5 yr expected): 0.50 1.46 1.02
P/S: 0.94 1.65 2.38
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JMP Group has the lowest P/S ratio among these three companies.

Here is a table of these competitors' insider activities since January 2013.

Company Insider buying / shares Insider selling / shares
COWN 169,047 100,000
EVR 0 484,872
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Only JMP Group has seen intensive insider buying during the last 30 days.

Conclusion

There have been three different insiders buying JMP Group, and there have not been any insiders selling JMP Group during the last 30 days. Two of these three insiders increased their holdings by more than 10%. JMP Group has an insider ownership of 28.70%.

The three insiders purchased their shares at prices ranging from $6.45 to $6.55. I believe JMP Group could be a good pick below $6.55 based on the intensive insider buying.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in JMP over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.