Insider Buying: Institutional Financial Markets (NYSEAMERICAN:COHN) Major Shareholder Buys 265,000 Shares of Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) major shareholder Circle 3 Sponsor Corp Columbus bought 265,000 shares of Institutional Financial Markets stock in a transaction that occurred on Friday, July 10th. The stock was purchased at an average price of $10.00 per share, with a total value of $2,650,000.00. Following the purchase, the insider directly owned 265,000 shares in the company, valued at $2,650,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Institutional Financial Markets Stock Performance

COHN traded down $0.45 on Monday, reaching $13.60. 45,384 shares of the stock were exchanged, compared to its average volume of 14,786. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50-day moving average price is $12.29 and its 200 day moving average price is $16.37. The firm has a market capitalization of $34.14 million, a PE ratio of 2.57 and a beta of 1.14. Institutional Financial Markets, Inc. has a fifty-two week low of $9.19 and a fifty-two week high of $32.60.

Institutional Financial Markets (NYSEAMERICAN:COHN) last announced its quarterly earnings data on Monday, May 4th. The financial services provider reported $0.42 earnings per share for the quarter. Institutional Financial Markets had a return on equity of 44.53% and a net margin of 5.12%.The business had revenue of $56.04 million for the quarter. As a group, sell-side analysts forecast that Institutional Financial Markets, Inc. will post 1.9 EPS for the current fiscal year.

Institutional Financial Markets Announces Dividend

The firm also recently declared 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 yield of 7.4%. The ex-dividend date was Monday, May 18th. Institutional Financial Markets’s dividend payout ratio is 24.45%.

Analysts Set New Price Targets

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