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

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $13.06 and traded as high as $13.43. Institutional Financial Markets shares last traded at $12.94, with a volume of 7,932 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Northland Securities began coverage on shares of Institutional Financial Markets in a research report on Thursday. They issued an “outperform” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $20.00.

Institutional Financial Markets Stock Performance

The stock has a market cap of $34.89 million, a price-to-earnings ratio of 2.63 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 0.87. The company’s 50 day simple moving average is $12.67 and its 200 day simple moving average is $16.40.

Institutional Financial Markets (NYSEAMERICAN:COHN) last issued its quarterly earnings results on Monday, May 4th. The financial services provider reported $0.42 earnings per share for the quarter. The company had revenue of $56.04 million during 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 company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.00 annualized dividend and a yield of 7.2%. Institutional Financial Markets’s payout ratio is presently 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.