Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) Short Interest Up 98.8% in May

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 28,077 shares, a growth of 98.8% from the May 14th total of 14,120 shares. Currently, 3.9% of the company’s shares are sold short. Based on an average daily volume of 32,716 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Financial Markets Trading Down 3.0%

Shares of COHN traded down $0.37 during trading hours on Tuesday, reaching $11.78. 10,043 shares of the company traded hands, compared to its average volume of 33,222. The firm has a market cap of $29.56 million, a price-to-earnings ratio of 2.23 and a beta of 1.16. Institutional Financial Markets has a 12-month low of $8.35 and a 12-month high of $32.60. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average price is $15.41 and its 200 day moving average price is $17.01.

Institutional Financial Markets (NYSEAMERICAN:COHN) last released its quarterly earnings data on Monday, May 4th. The financial services provider reported $0.42 earnings per share for the quarter. The firm had revenue of $56.04 million during the quarter. Institutional Financial Markets had a return on equity of 44.53% and a net margin of 5.12%.

Institutional Financial Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Monday, May 18th. Institutional Financial Markets’s payout ratio is presently 24.45%.

Insider Activity

In other news, EVP Joseph W. Jr. Pooler sold 6,113 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $17.15, for a total transaction of $104,837.95. Following the completion of the sale, the executive vice president directly owned 69,778 shares of the company’s stock, valued at approximately $1,196,692.70. The trade was a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 71.51% 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.