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JMP LLC (JMP) Company Profile

Updated Sep 9, 2019
JMP LLC has the following business profile:
Company's Full Name:JMP Group LLC
Short Name:JMP LLC
Trading Ticker Symbol:JMP
Primary Exchange:NYSE
Headquarter City/Country:California, CA
Primary Industry Sector:Finance
Seconday Sub-sector:Investment Bankers and Brokers
Main Business Areas: Finance, Investment Bankers and Brokers, Financial Services, Capital Markets
Dividend Payments:Dividend History

Market and Trading Information for JMP LLC

The following details were available for trading and market data about the stock of JMP LLC as of writing:
Current Share Price:$3.55
Previous Year's Closing Price:$3.86
Percentage Price Change (YTD):-8.03%
Market Cap:$69.96 million
52-week Price Range:$3.49 - $5.39
Dividend Per Share:$0.22
EPS (TTM):0.19
Price-Earnings (Trailing):18.59
Price-Earnings (Forward):10.44

Company Profile and Business Description for JMP LLC

JMP Group, Inc., incorporated on July 26, 2004, is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income and Corporate Costs. The Broker-Dealer segment includes a range of services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions and financial advisory services in mergers and acquisitions (M&A), restructuring and other strategic transactions. The Asset Management segment includes the management of a range of pooled investment vehicles, including the Company's hedge funds, hedge funds of funds. The Corporate Credit segment includes the management of collateralized loan obligations and small business loans. The Investment Income segment includes income from the Company's principal investments in public and private securities, as well as any other net interest and income from investing activities. The Corporate Costs segment includes expenses related to JMP Group Inc., the holding company, and JMP Group LLC, and comprises corporate overhead expenses and interest expense related to the Company's credit facility with City National Bank.

The Company provides investment banking, sales and trading, and equity research services to corporate and institutional clients, and alternative asset management products and services to institutional investors and high net-worth individuals. In addition, the Company manages and invests in corporate credit instruments through collateralized loan obligations and direct investments, and it serves as the investment advisor to a business development company. The Company provides its corporate clients with a range of services, including strategic advice and capital raising solutions, sales and trading support, and equity research coverage. It provides institutional investors with capital markets intelligence and objective, informed investment recommendations about individual equities.

The Company conducts its brokerage business through JMP Securities LLC (JMP Securities), its asset management business through Harvest Capital Strategies LLC (HCS) and HCAP Advisors LLC (HCAP Advisors), its corporate credit business through JMP Credit Corporation (JMP Credit) and JMP Credit Advisors LLC (JMPCA), and certain principal investments through JMP Capital LLC (JMP Capital). JMP Securities operates as an introducing broker and does not hold funds or securities for, or owe any money or securities to, customers and does not carry accounts for customers. HCS is an investment advisor, which provides investment management services for investors through investment partnerships and other entities managed by HCS. JMP Credit Advisors LLC is an asset management platform established to underwrite and manage investments in senior secured debt.

Investment Banking

The Company provides capital raising, mergers and acquisitions transaction and other strategic advisory services to corporate clients. The Company is focused on industries, such as financial services, healthcare, real estate and technology. A portion of its corporate finance revenues is earned from small and mid-capitalization public companies, and the balance is from private companies.

The Company assists its publicly traded and privately held corporate clients with capital raising activities, which include the underwriting of a wide range of equity and debt securities, including common, preferred and convertible securities. The Company's public equity underwriting capabilities include initial public offerings and follow-on equity offerings. It also act as an agent in private placements of equity and debt securities and arrange private investments in public equity transactions, as well as privately negotiated, registered direct stock offerings on behalf of its public company clients.

The Company works with corporate clients on a range of strategic matters, including mergers and acquisitions, divestitures and corporate restructurings, valuations of businesses and assets, and fairness opinions and special committee assignments. It provides its advice to senior executives and boards of directors of client companies in connection with transactions that are of strategic and financial importance to these companies.

Sales and Trading

The Company's sales and trading operation distributes equity research product and communicates its investment recommendations to the institutional investors. In addition, its sales and trading staff executes equity trades on behalf of its institutional clients and markets the securities of companies, for which it acts as an underwriter. Its sales and trading personnel provides after-market support. Its capital markets group manages the syndication, marketing, execution and distribution of the security offerings it manages. Its syndicate activities include coordinating the marketing and order-taking process for underwritten transactions and conducting after-market stabilization and initial market-making.

Equity Research

The Company's equity research focuses on four types of industries, which include financial services, healthcare, real estate and technology. Its financial services industry includes alternative asset managers, commercial finance, consumer finance, financial processing and outsourcing, insurance, investment banks and brokers, mortgage finance, specialty finance and asset management. Its healthcare industry includes biotechnology, healthcare facilities, healthcare services, life science tools and diagnostics, medical devices and supplies, and specialty pharmaceuticals. Its real estate includes housing, land development, leisure, lodging, property services, real estate investment trusts (REITs) and residential services. Its technology industry includes cloud computing technologies, communications equipment, digital media, Internet, Internet security, software and wireless technologies.

Asset Management

Through HCS and HCAP Advisors, the Company manages a family of five hedge funds, one fund of hedge funds, two private equity funds, and one entity formed to provide loans to small to mid-size United States companies. As of December 31, 2014, the Company had a total of $976.5 million in client assets under management (including assets of employees and portfolio managers) and had an additional $68.9 million of its own capital invested in these vehicles. In addition, as of December 31, 2014, it had invested $11.2 million in funds managed by certain third-parties.

Corporate Credit

JMP Credit Advisors LLC and its subsidiaries, including Cratos CDO Management, LLC and Cratos Capital Management, LLC (collectively, JMP Credit Advisors), manage JMP Credit Advisors CLO I, Ltd. (CLO I), JMP Credit Advisors CLO II Ltd (CLO II) and JMP Credit Advisors CLO III Ltd. (CLO III), which had a diversified portfolio of 566 corporate loans with an aggregate par amount of $1.1 billion, as of December 31, 2014. HCAP Advisors manages HCC for the purpose of making investments in the form of subordinated debt and, to a lesser extent, senior debt and minority equity investments, primarily in privately held small to mid-size United States companies. As of December 31, 2014, the Harvest Capital Credit Corporation (HCC) portfolio consisted of 29 loans with an aggregate par amount of $115.3 million. JMP Credit Advisors provides HCC with its administrative services, and is reimbursed its expenses.

600 Montgomery St

Peer / Competitor Companies of Investment Bankers and Brokers Sector

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