JMP Group (NYSE:JMP) provides investment banking and asset management services in the United States.
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%|
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|
There have been 338,205 shares purchased, and there have been zero shares sold by insiders since January 2013.
JMP Group reported the first-quarter financial results on April 23 with the following highlights:
|Net income||$4.0 million|
|Tangible book value||$5.97 per share|
The three insiders purchased their shares after these results.
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|
Only JMP Group has seen intensive insider buying during the last 30 days.
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.