Institutional Financial Markets (NYSEAMERICAN:COHN) Issues Quarterly Earnings Results, Beats Estimates By $1.20 EPS

Institutional Financial Markets (NYSEAMERICAN:COHN) announced its quarterly earnings data on Monday. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $1.20, FiscalAI reports. Institutional Financial Markets had a net margin of 5.12% and a return on equity of 44.53%.

Institutional Financial Markets Stock Performance

COHN stock opened at $13.25 on Monday. The firm has a market cap of $33.26 million, a price-to-earnings ratio of 2.50 and a beta of 1.14. The firm has a 50-day simple moving average of $12.58 and a two-hundred day simple moving average of $15.56. Institutional Financial Markets has a one year low of $9.19 and a one year high of $32.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 0.87.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, major shareholder Circle 3 Sponsor Corp Columbus acquired 265,000 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were purchased at an average price of $10.00 per share, with a total value of $2,650,000.00. Following the transaction, the insider directly owned 265,000 shares in the company, valued at approximately $2,650,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 71.51% of the stock is currently owned by insiders.

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.