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23 items- PRJMP Group Announces Shareholder Approval of MergerJMP Group LLC ("JMP Group") (NYSE:JMP), an investment banking and alternative asset management firm, announced today that the company's shareholders have approved at the special meeting of its shareholders (the "Special Meeting") held today all proposals related to JMP Group's previously announced Agreement and Plan of Merger, dated as of September 8, 2021 (as it may be amended from time to time, the "merger agreement"), among Citizens Financial Group, Inc. ("Citizens"), Jolt Acquisition LLC ("Merger Sub"), a Delaware limited liability company and a wholly-owned subsidiary of Citizens, and JMP Group (the "merger"), as well as the transactions contemplated by the merger agreement, including
- PRJMP Group Announces Full Redemption of 6.875% Senior Notes Due 2029 and Satisfaction and Discharge of IndentureJMP Group LLC (NYSE:JMP), an investment banking and alternative asset management firm, announced today that it has given notice of its intention to redeem all of the currently outstanding $36.0 million principal amount of its 6.875% Senior Notes due 2029 ((CUSIP No. 46629U404, NASDAQ:JMPNZ) (the "2029 Notes") on December 13, 2021 (the "Redemption Date"), following which they will be delisted from The Nasdaq Global Market. The redemption is being made pursuant to the terms of the 2029 Notes and the indenture governing the 2029 Notes. The redemption price per 2029 Note will be $25 plus accrued and unpaid interest up to, but excluding, the Redemption Date. Furthermore, the company has deposite
- PRJMP Group Announces Amount Per Share of Special Cash DividendJMP Group LLC (NYSE:JMP), an investment banking and alternative asset management firm, announced today that the amount of the previously disclosed special cash dividend will be $0.248017 per share. On November 4, 2021, the company announced that it had declared a special cash dividend of $5,000,000 in aggregate to be paid on or before Wednesday, November 17, 2021, to common shareholders of record as of Monday, November 15, 2021. About JMP Group JMP Group LLC is a diversified capital markets firm that provides investment banking, equity research, and sales and trading services to corporate and institutional clients as well as alternative asset management products and services to instituti
- PRJMP Group Announces Special Cash DividendJMP Group LLC (NYSE:JMP), an investment banking and alternative asset management firm, announced today that its board of directors has declared a special cash dividend of $5,000,000 in aggregate to be paid on or before Wednesday, November 17, 2021, to common shareholders of record as of Monday, November 15, 2021. Based on 19,958,495 common shares outstanding as of November 3, 2021, the distribution would equal approximately $0.25 per share. About JMP Group JMP Group LLC is a diversified capital markets firm that provides investment banking, equity research, and sales and trading services to corporate and institutional clients as well as alternative asset management products and services
- ANALYSTJMP Group downgraded by Barrington ResearchBarrington Research downgraded JMP Group from Outperform to Market Perform
- PRCitizens Financial Group, Inc. to Acquire JMP Group LLCExpands capital markets capabilities for commercial clients Deepens expertise in healthcare, technology, financial services and real estate sectors Citizens Financial Group, Inc. (NYSE:CFG) and JMP Group LLC (NYSE:JMP) announced today that they have entered into a definitive merger agreement under which Citizens will acquire JMP in an all-cash transaction. JMP is a highly regarded capital markets firm that provides investment banking services, including strategic advisory, equity research and sales and trading focused primarily on the healthcare, technology, financial services and real estate sectors. Upon the closing of the transaction, JMP, which was founded in 1999 and is headquartere
- PRJMP Group Announces Full Redemption of 7.25% Senior Notes Due 2027 and Satisfaction and Discharge of IndentureJMP Group LLC (NYSE:JMP), an investment banking and alternative asset management firm, announced today that its wholly owned subsidiary, JMP Group Inc., has given notice of its intention to redeem all of the currently outstanding $15.0 million principal amount of its 7.25% Senior Notes due 2027 ((CUSIP No. 466273 109, NASDAQ:JMPNL) (the "2027 Notes") on September 13, 2021 (the "Redemption Date"), following which they will be delisted from The Nasdaq Global Market. The redemption is being made pursuant to the terms of the 2027 Notes and the indenture governing the 2027 Notes. The redemption price per 2027 Note will be $25 plus accrued and unpaid interest up to, but excluding, the Redemption
- PRJMP Group Reports Second Quarter 2021 Financial ResultsJMP Group LLC (NYSE:JMP), an investment banking and alternative asset management firm, reported financial results today for the quarter ended June 30, 2021. A summary of JMP Group's operating results for the quarter and six months ended June 30, 2021, and for comparable prior periods, is set forth below. Quarter Ended Six Months Ended (in thousands, except per share amounts) June 30, 2021 Mar. 31, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Total net revenues $48,492 $38,493 $29,993 $86,985 $35,260 Net income/(loss) attributable to JMP Group $3,628 $1,089 $1,124 $4,717 ($10,624 ) Net income/(lo
- PRJMP Group to Report Second Quarter Financial Results on July 29, 2021JMP Group LLC (NYSE:JMP), an investment banking and alternative asset management firm, announced today that the company will report financial results for the fiscal quarter ended June 30, 2021, after market close on Thursday, July 29, 2021. JMP Group will not hold a conference call in connection with the release of the company's quarterly results. About JMP Group JMP Group LLC is a diversified capital markets firm that provides investment banking, equity research, and sales and trading services to corporate and institutional clients as well as alternative asset management products and services to institutional and high-net-worth investors. JMP Group conducts its investment banking and re
- PRJMP Group Announces Addition of Rahul Buxani to Investment Banking DivisionManaging Director Joins JMP Securities With Focus on Financial Technology JMP Group LLC (NYSE:JMP), an investment banking and alternative asset management firm, announced today that Rahul Buxani has joined JMP Securities as a managing director in its investment banking group. Based in the firm's New York office, Buxani will concentrate on the financial technology sector. "The financial technology space has been evolving rapidly, and JMP's well-established expertise in both financial institutions and technology has enabled us to offer corporate and institutional clients valuable perspective on a dynamic marketplace," said Mark Lehmann, chief executive officer of JMP Group. "Rahul is a seas
- PRJMP Group Announces Partial Redemption of 7.25% Senior Notes Due 2027JMP Group LLC (NYSE:JMP), an investment banking and alternative asset management firm, announced today that its wholly owned subsidiary, JMP Group Inc., intends to give notice on Friday, June 18, 2021, to holders of its 7.25% Senior Notes due 2027 ((CUSIP No. 466273 109, NASDAQ:JMPNL) (the "2027 Notes") of its intention to redeem $15.0 million principal amount (600,000 Units) of the 2027 Notes on July 19, 2021 (the "Redemption Date"). The board of directors of JMP Group Inc. has authorized the redemption. The redemption will be made pursuant to the terms of the 2027 Notes and the indenture governing the 2027 Notes. The redemption price per 2027 Note will be $25 plus accrued and unpaid inte
- PRJMP Group Divests Interest in Harvest Capital Credit CorporationSAN FRANCISCO--(BUSINESS WIRE)--JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that Harvest Capital Credit Corporation, a business development company previously externally managed by JMP Group subsidiary HCAP Advisors, has been acquired by Portman Ridge Finance Corporation. Harvest Capital Credit Corporation had been listed on Nasdaq under the symbol “HCAP.” The aggregate value of the cash and stock received in exchange for JMP Group’s investment in Harvest Capital Credit Corporation was approximately $9.7 million. “This transaction represents the continuation of our well-established plan to divest non-strategic asset manag
- PRJMP Group Announces Partial Redemption of 7.25% Senior Notes Due 2027JMP Group LLC (NYSE:JMP), an investment banking and alternative asset management firm, announced today that its wholly owned subsidiary, JMP Group Inc., has given notice of its intention to redeem $10.0 million principal amount (400,000 Units) of its 7.25% Senior Notes due 2027 ((CUSIP No. 466273 109, NASDAQ:JMPNL) (the "2027 Notes") on June 25, 2021 (the "Redemption Date"). As of May 25, 2021, $40,000,000 in aggregate principal amount of the 2027 Notes were outstanding. The redemption is being made pursuant to the terms of the 2027 Notes and the indenture governing the 2027 Notes. The redemption price per 2027 Note will be $25 plus accrued and unpaid interest up to, but excluding, the Rede
- PRJMP Group Reports First Quarter 2021 Financial ResultsJMP Group LLC (NYSE:JMP), an investment banking and alternative asset management firm, reported financial results today for the quarter ended March 31, 2021. A summary of JMP Group's operating results for the quarter ended March 31, 2021, and for comparable prior periods, is set forth below. Quarter Ended (in thousands, except per share amounts) Mar. 31, 2021 Dec. 31, 2020 Mar. 31, 2020 Total net revenues $38,493 $53,615 $5,267 Net income/(loss) attributable to JMP Group $1,089 $9,009 ($11,748 ) Net income/(loss) attributable to JMP Group per share $0.05 $0.45 ($0.60 ) Operating net incom
- PRJMP Group to Report First Quarter Financial Results on April 29, 2021JMP Group LLC (NYSE:JMP), an investment banking and alternative asset management firm, announced today that the company will report financial results for the fiscal quarter ended March 31, 2021, after market close on Thursday, April 29, 2021. JMP Group will not hold a conference call in connection with the release of the company's quarterly results. However, the company anticipates a conference call with regard to the quarter and six months ended June 30, 2021, to be held in late July. About JMP Group JMP Group LLC is a diversified capital markets firm that provides investment banking, equity research, and sales and trading services to corporate and institutional clients as well as alter
- ANALYSTBarrington Research resumed coverage on JMP Group with a new price targetBarrington Research resumed coverage of JMP Group with a rating of Buy and set a new price target of $7.50 from $3.50 previously
- ANALYSTBarrington Research resumed coverage on JMP Group with a new price targetBarrington Research resumed coverage of JMP Group with a rating of Outperform and set a new price target of $7.50 from $3.50 previously
- PRJMP Group Reports Fourth Quarter and Fiscal Year 2020 Financial ResultsSAN FRANCISCO--(BUSINESS WIRE)--JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, reported financial results today for the quarter and full fiscal year ended December 31, 2020. A summary of JMP Group’s operating results for the quarter and year ended December 31, 2020, and for comparable prior periods, is set forth below. Quarter Ended Year Ended (in thousands, except per share amounts) Dec. 31, 2020 Sept. 30, 2020 Dec. 31, 2019 Dec. 31, 2020 Dec. 31, 2019 Total net revenues $53,615 $26,624 $23,822 $115,499 $100,081 Net income/(loss) attributab
- PRJMP Group to Report Fourth Quarter Financial Results on February 18, 2021SAN FRANCISCO--(BUSINESS WIRE)--JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that the company will report financial results for the fiscal quarter and year ended December 31, 2020, after market close on Thursday, February 18, 2021. Company management will hold a conference call to discuss the results at 10:00 a.m. ET on Friday, February 19, 2021. To participate, dial (888) 566-6060 (domestic) or (973) 200-3100 (international). The conference identification number is 5454327. The conference call will also be broadcast live over the Internet and will be accessible via a link in the investor relations section of JMP Group’s w
- PRJMP Group Expands Life Sciences Investment Banking and Equity Research PlatformsSAN FRANCISCO--(BUSINESS WIRE)--JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that Fedora Baloiu has joined JMP Securities as a managing director and co-head of biopharma corporate finance. Additionally, Silvan Tuerkcan and Gobind Singh, a director and vice president, respectively, have both joined JMP Securities as senior equity research analysts focused on the biotechnology sector. All three are based in the firm’s New York office. In connection with these key additions to JMP Securities’ life sciences franchise, David Kellman, a managing director and head of healthcare investment banking, will also serve as co-head of bio
- PRJMP Group Announces Partial Redemption of 7.25% Senior Notes Due 2027SAN FRANCISCO--(BUSINESS WIRE)--JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that its wholly owned subsidiary, JMP Group Inc., has given notice of its intention to redeem $10.0 million principal amount (400,000 Units) of its 7.25% Senior Notes due 2027 (CUSIP No. 466273 109; NASDAQ: JMPNL) (the “2027 Notes”) on February 4, 2021 (the “Redemption Date”). As of January 4, 2021, $50,000,000 in aggregate principal amount of the 2027 Notes were outstanding. The redemption is being made pursuant to the terms of the 2027 Notes and the indenture governing the 2027 Notes. The redemption price per 2027 Note will be $25 plus accrued and
- PRJMP Group Announces Addition to Board of DirectorsSAN FRANCISCO--(BUSINESS WIRE)--JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that Staci Slaughter has been appointed to the company’s board of directors, effective November 5, 2020, and will serve as a member of the board’s corporate governance and nominating committee. Following Ms. Slaughter’s appointment, JMP Group’s board is composed of ten directors, six of whom are independent. “We’re very happy to welcome Staci as a member of our board,” said Joe Jolson, chairman and CEO of JMP Group. “Staci is an accomplished leader with broad experience in operations, strategy, and communications for a major enterprise. Her strengt
- PRJMP Group Reports Third Quarter 2020 Financial ResultsSAN FRANCISCO--(BUSINESS WIRE)--JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, reported financial results today for the quarter ended September 30, 2020. A summary of JMP Group’s operating results for the quarter and nine months ended September 30, 2020, and for comparable prior periods, is set forth below. Quarter Ended Nine Months Ended (in thousands, except per share amounts) Sept. 30, 2020 June 30, 2020 Sept. 30, 2019 Sept. 30, 2020 Sept. 30, 2019 Total net revenues $26,624 $29,993 $21,024 $61,884 $76,259 Net incom