JMP Group LLC (JMP) Could Burn Your Portfolio. The Stock Formed Bearish Multiple Bottom

December 15, 2017 - By Winifred Garcia

Investors sentiment increased to 0.88 in 2017 Q2. Its up 0.05, from 0.83 in 2017Q1. It improved, as 5 investors sold JMP Group LLC shares while 3 reduced holdings. 2 funds opened positions while 5 raised stakes. 2.76 million shares or 1.13% less from 2.79 million shares in 2017Q1 were reported.
Essex Investment Mgmt Limited Company holds 0.02% or 19,537 shares. Manufacturers Life Insur The invested in 0% or 170 shares. Gsa Cap Llp has 0.01% invested in JMP Group LLC (NYSE:JMP). Hilltop Hldg reported 0.08% of its portfolio in JMP Group LLC (NYSE:JMP). 34,174 were accumulated by Jbf Inc. Tower Research Limited Liability Company (Trc) holds 0% in JMP Group LLC (NYSE:JMP) or 1,964 shares. Deutsche Financial Bank Ag invested in 92,433 shares. 15,000 are owned by Brown Advisory Inc. Morgan Stanley reported 102,015 shares. Arbiter Prns Mngmt Ltd Liability Co invested 0.02% in JMP Group LLC (NYSE:JMP). Lmm Limited reported 307,234 shares. Bridgeway Cap Management Inc invested 0.01% in JMP Group LLC (NYSE:JMP). Continental Advsrs Limited Liability owns 263,326 shares. Royal National Bank Of Canada stated it has 41,762 shares. Fmr Ltd has invested 0% in JMP Group LLC (NYSE:JMP).

The stock of JMP Group LLC (JMP) shows a multiple bottoms pattern with $4.96 target or 9.00 % below today’s $5.45 share price. The 6 months chart pattern indicates high risk for the $117.10M company. It was reported on Dec, 15 by Finviz.com. If the $4.96 price target is reached, the company will be worth $10.54 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.74% or $0.04 during the last trading session, reaching $5.45. About 20,106 shares traded. JMP Group LLC (NYSE:JMP) has risen 2.86% since December 15, 2016 and is uptrending. It has underperformed by 13.84% the S&P500.

Analysts await JMP Group LLC (NYSE:JMP) to report earnings on February, 21. They expect $0.46 earnings per share, up 253.85 % or $0.33 from last year’s $0.13 per share. JMP’s profit will be $9.88 million for 2.96 P/E if the $0.46 EPS becomes a reality. After $0.10 actual earnings per share reported by JMP Group LLC for the previous quarter, Wall Street now forecasts 360.00 % EPS growth.

JMP Group LLC (NYSE:JMP) Ratings Coverage

Among 4 analysts covering JMP Group (NYSE:JMP), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. JMP Group has $8.50 highest and $6.0 lowest target. $7.50’s average target is 37.61% above currents $5.45 stock price. JMP Group had 6 analyst reports since September 2, 2015 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, November 2. The rating was maintained by Barrington Research with “Outperform” on Monday, October 26. The firm has “Mkt Perform” rating by Keefe Bruyette & Woods given on Friday, December 11. The stock of JMP Group LLC (NYSE:JMP) has “Sell” rating given on Wednesday, September 2 by TheStreet. The stock of JMP Group LLC (NYSE:JMP) earned “Outperform” rating by Wood on Wednesday, October 7.

More news for JMP Group LLC (NYSE:JMP) were recently published by: Businesswire.com, which released: “JMP Group Announces 2018 Share Repurchase Program” on December 13, 2017. Businesswire.com‘s article titled: “JMP Group Announces Investment in Astor Investment Management” and published on November 28, 2017 is yet another important article.

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