Short Interest in Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) Drops By 51.3%

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 13,660 shares, a drop of 51.3% from the May 31st total of 28,077 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 17,924 shares, the short-interest ratio is currently 0.8 days.

Institutional Financial Markets Stock Down 0.2%

Shares of COHN traded down $0.03 during mid-day trading on Tuesday, hitting $13.07. The company’s stock had a trading volume of 2,748 shares, compared to its average volume of 32,022. 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 company’s 50-day moving average is $14.20 and its 200-day moving average is $16.70. Institutional Financial Markets has a 52-week low of $9.19 and a 52-week high of $32.60. The firm has a market capitalization of $32.81 million, a price-to-earnings ratio of 2.47 and a beta of 1.16.

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

Institutional Financial Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Monday, May 18th. Institutional Financial Markets’s dividend payout ratio (DPR) is 24.45%.

Institutional Financial Markets Company Profile

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.