SAN FRANCISCO--(BUSINESS WIRE)--JMP Group Inc. (NYSE:JMP), an investment banking and alternative asset management firm, announced today that its board of directors has authorized the repurchase of up to 722,112 additional shares of the company’s outstanding common stock. Under the board’s prior authorization, which was granted in March 2013, as of October 3, 2014, 777,888 shares remained eligible for repurchase through December 31, 2014. This new authorization increases the total number of shares eligible for repurchase to 1,500,000.
About JMP Group
JMP Group Inc. is an investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients as well as alternative asset management products and services to institutional and high-net-worth investors. JMP Group operates through three subsidiaries: JMP Securities, Harvest Capital Strategies and JMP Credit Advisors. For more information, visit www.jmpg.com.