Institutional Financial Markets (NYSEAMERICAN:COHN) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) shares passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $13.24 and traded as low as $10.41. Institutional Financial Markets shares last traded at $10.42, with a volume of 2,912 shares traded.

Wall Street Analysts Forecast Growth

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

Institutional Financial Markets Trading Up 3.0%

The stock has a market capitalization of $34.75 million, a price-to-earnings ratio of 1.99 and a beta of 1.07. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $10.84 and a two-hundred day moving average of $13.17.

Institutional Financial Markets (NYSEAMERICAN:COHN) last released its earnings results on Monday, August 3rd. The financial services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $1.20. The firm had revenue of $69.49 million during the quarter, compared to analyst estimates of $40.30 million. Institutional Financial Markets had a net margin of 5.65% and a return on equity of 47.14%. On average, research analysts expect that Institutional Financial Markets, Inc. will post 1.90 EPS for the current year.

Institutional Financial Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.3%. The ex-dividend date was Wednesday, August 19th. Institutional Financial Markets’s dividend payout ratio (DPR) is 24.45%.

Insiders Place Their Bets

In other news, EVP Joseph W. Jr. Pooler sold 7,295 shares of Institutional Financial Markets stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $11.75, for a total value of $85,716.25. Following the completion of the transaction, the executive vice president owned 61,778 shares in the company, valued at approximately $725,891.50. The trade was a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 71.51% of the company’s stock.

Institutional Financial Markets Company Profile

Institutional Financial Markets, Inc was a financial services company associated with the NYSE American ticker COHN. The company operated through businesses focused on capital markets and asset management, serving institutional investors, corporations and other financial institutions.

Its capital-markets activities included institutional brokerage, market making and trading in fixed-income and equity securities, as well as investment banking and corporate-finance services. Its asset-management operations focused on managing alternative and other investment strategies for institutional and private clients.

The company was founded by Daniel S.