JMP Group Inc. (JMP)

[DFLY]

Solid earnings nice. Expecting 30% jump in book value here too. 5.94 now end of Q. 30% puts this in the 8s with a monthly divvy..solid! Good stuff. CEO been bawsin! Keep it up!

Shortly after quarter-end, Workspace Property Trust closed a materially accretive acquisition of nearly $1 billion of high-quality suburban office and flex properties. As a founding investor in Workspace, we expect to benefit from an estimated 30% increase in its adjusted book value per share as well as higher returns on our $10 million of invested capital and our ownership interest in the manager going forward. At this juncture, without pro forma financial statements, our best estimate is that the transaction could add upwards of $0.05 to our fourth quarter operating EPS on a one-time basis.”