Share Repurchase Activity
During the quarter ended December 31, 2015, JMP Group repurchased 724,421 shares of its common stock at an aggregate price of $4.1 million, or $5.69 per share. At year-end, 282,030 shares remained eligible for repurchase under the company's repurchase authorization. After repurchasing a further 146,400 shares, the company's board of directors subsequently authorized the repurchase of an additional 1,000,000 shares, bringing the total available to be repurchased to 1,135,630 shares as of January 12, 2016, as previously announced.
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