Institutional Financial Markets (NYSEAMERICAN:COHN) Shares Cross Above 200-Day Moving Average – Should You Sell?

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.87 and traded as high as $14.87. Institutional Financial Markets shares last traded at $14.54, with a volume of 7,618 shares trading hands.

Institutional Financial Markets Stock Performance

The stock’s 50-day simple moving average is $19.01 and its 200 day simple moving average is $14.87. The company has a market capitalization of $26.90 million, a PE ratio of 6.14 and a beta of 1.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89.

Institutional Financial Markets Dividend Announcement

The firm also recently declared a special dividend, which was paid on Thursday, January 22nd. Shareholders of record on Wednesday, January 7th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, January 7th. Institutional Financial Markets’s payout ratio is 24.45%.

Insider Activity

In other Institutional Financial Markets news, major shareholder Circle 2 Sponsor Corp Columbus acquired 265,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were acquired at an average price of $10.00 per share, for a total transaction of $2,650,000.00. Following the acquisition, the insider owned 265,000 shares in the company, valued at $2,650,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 76.15% of the company’s stock.

About Institutional Financial Markets

Cohen & Co, Inc engages in fixed income markets. It operates through the following segments: Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of fixed income sales, trading, matched book repo financing, and new issue placements in corporate and securitized products and advisory services, operating primarily through its subsidiaries. The Asset Management segment manages assets through investment vehicles, such as collateralized debt obligations, managed accounts, and investment funds.