Does This Provide a Reason to Sell JMP Group LLC (JMP)? The Stock Has Formed Bearish Multiple Bottom Pattern

December 10, 2017 - By Adrian Erickson

Investors sentiment increased to 0.88 in Q2 2017. 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.
Lmm Ltd Limited Liability Company owns 307,234 shares. Continental Advsr Limited Liability Corp holds 0.32% or 263,326 shares. Price T Rowe Assoc Inc Md holds 1.04 million shares. Arbiter Prns Capital Llc holds 22,589 shares. Brown Advisory has invested 0% of its portfolio in JMP Group LLC (NYSE:JMP). California Public Employees Retirement Systems owns 57,700 shares. Essex Investment Management Limited Liability Com holds 0.02% of its portfolio in JMP Group LLC (NYSE:JMP) for 19,537 shares. Gsa Ptnrs Ltd Liability Partnership has invested 0.01% in JMP Group LLC (NYSE:JMP). Hilltop Inc has 0.08% invested in JMP Group LLC (NYSE:JMP). Deutsche Savings Bank Ag has 92,433 shares for 0% of their portfolio. Manufacturers Life The holds 0% in JMP Group LLC (NYSE:JMP) or 170 shares. 34,174 were reported by Jbf Capital Inc. Royal Bank Of Canada has invested 0% in JMP Group LLC (NYSE:JMP). Tower Cap Ltd Company (Trc) reported 1,964 shares. Morgan Stanley has invested 0% of its portfolio in JMP Group LLC (NYSE:JMP).

The stock of JMP Group LLC (JMP) shows a multiple bottoms pattern with $5.04 target or 7.00 % below today’s $5.42 share price. The 8 months chart pattern indicates high risk for the $116.45 million company. It was reported on Dec, 10 by Finviz.com. If the $5.04 price target is reached, the company will be worth $8.15M 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 decreased 1.28% or $0.07 during the last trading session, reaching $5.42. About 29,104 shares traded or 2.01% up from the average. JMP Group LLC (NYSE:JMP) has risen 2.86% since December 10, 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 2.95 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 38.38% above currents $5.42 stock price. JMP Group had 6 analyst reports since September 2, 2015 according to SRatingsIntel. Barrington Research maintained JMP Group LLC (NYSE:JMP) rating on Monday, October 26. Barrington Research has “Outperform” rating and $8 target. The stock of JMP Group LLC (NYSE:JMP) has “Mkt Perform” rating given on Friday, December 11 by Keefe Bruyette & Woods. The stock has “Outperform” rating by Wood on Wednesday, October 7. The firm earned “Sell” rating on Wednesday, September 2 by TheStreet. Keefe Bruyette & Woods maintained JMP Group LLC (NYSE:JMP) rating on Thursday, November 2. Keefe Bruyette & Woods has “Hold” rating and $6.0 target.

More notable recent JMP Group LLC (NYSE:JMP) news were published by: Nasdaq.com which released: “JMP Group LLC (JMP) Ex-Dividend Date Scheduled for November 29, 2017” on November 28, 2017, also Seekingalpha.com with their article: “JMP Group: This 7.25% Baby Bond Started Trading On The NYSE” published on December 01, 2017, Nasdaq.com published: “JMP Group LLC (JMP) Ex-Dividend Date Scheduled for October 30, 2017” on October 27, 2017. More interesting news about JMP Group LLC (NYSE:JMP) were released by: Nasdaq.com and their article: “JMP Group LLC (JMP) Ex-Dividend Date Scheduled for August 29, 2017” published on August 28, 2017 as well as Zacks.com‘s news article titled: “Is JMP Group (JMP) Stock A Great Combo of Value and Growth? November 30, 2017” with publication date: November 30, 2017.

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