Institutional Financial Markets (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler Sells 7,295 Shares of Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler sold 7,295 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $11.75, for a total transaction of $85,716.25. Following the sale, the executive vice president directly owned 61,778 shares in the company, valued at approximately $725,891.50. This represents a 10.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Financial Markets Stock Performance

Shares of NYSEAMERICAN COHN remained flat at $11.26 during trading on Friday. 15,420 shares of the company’s stock were exchanged, compared to its average volume of 29,659. Institutional Financial Markets, Inc. has a one year low of $9.19 and a one year high of $32.60. The stock has a market cap of $36.37 million, a PE ratio of 2.08 and a beta of 1.14. The company has a current ratio of 0.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $12.68 and its 200 day moving average is $15.35.

Institutional Financial Markets (NYSEAMERICAN:COHN) last released its quarterly earnings results on Monday, August 3rd. The financial services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $0.42 by $1.20. The business had revenue of $65.14 million for the quarter, compared to analysts’ expectations of $40.30 million. Institutional Financial Markets had a net margin of 5.65% and a return on equity of 47.14%. Equities analysts anticipate that Institutional Financial Markets, Inc. will post 1.9 earnings per share for the current year.

Institutional Financial Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Wednesday, August 19th. Institutional Financial Markets’s dividend payout ratio (DPR) is presently 24.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Northland Securities assumed coverage on Institutional Financial Markets in a research report on Thursday, July 9th. They set an “outperform” rating and a $20.00 target price for the company. Zacks Research upgraded Institutional Financial Markets to a “hold” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

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.