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JMP GROUP LLC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Nov 12, 2021. Its latest SEC filing is a 15-12B from Dec 14, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Provides investment banking services, including capital raising and transaction advice, and brokerage and equity research for corporate and institutional clients; manages investment funds for institutional investors and high-net-worth individuals.

How Did They Make Money?

JMP earns fees for arranging equity and debt offerings and advising on transactions, commissions and research payments from brokerage, and base and incentive fees from asset management. Management fees include recurring fee-based revenue.

FY2020 revenue

Who Were Their Customers?

Corporate clients use JMP for capital raising and strategic advice; institutional investors are brokerage and research clients. Its managed funds serve institutional investors and high-net-worth individuals.

Did Revenues Turn Into Profits?

No. It lost $4.7M in FY2020.

Net income, FY2020
−4% of revenue
▼ −28% (Loss) vs FY2019 (−$6.5M, −7%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q3 FY2021, the three months to Sep 30, 2021
Revenue
▲ +89%
vs $28M in Q3 FY2020
Net income
▲ Now profitable
vs −$3.1M in Q3 FY2020
  • Nov 15, 2021 Citizens completed its merger with JMP JMP became a wholly owned subsidiary of Citizens, and shareholders' common shares converted to $7.50 cash per share.

Held flat. Revenue was $127.6M in FY2020, about the same as the $122.6M of FY2016.

Credit platform ownership JMP shifted from managing senior-secured-debt funds through its corporate-credit platform to holding a minority interest in the renamed manager after selling a majority interest; it receives part of the funds' management fees.

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