Institutional Financial Markets (NYSEAMERICAN:COHN) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.18 and traded as high as $17.73. Institutional Financial Markets shares last traded at $17.14, with a volume of 11,813 shares changing hands.

Institutional Financial Markets Trading Up 2.3%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.92. The stock has a market capitalization of $41.99 million, a price-to-earnings ratio of 3.39 and a beta of 1.31. The company’s 50 day moving average is $18.21 and its 200 day moving average is $15.18.

Institutional Financial Markets (NYSEAMERICAN:COHN) last issued its earnings results on Friday, March 6th. The financial services provider reported $2.97 earnings per share (EPS) for the quarter. The business had revenue of $96.20 million during the quarter. Institutional Financial Markets had a return on equity of 43.35% and a net margin of 5.24%.

Institutional Financial Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Friday, March 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.8%. Institutional Financial Markets’s payout ratio is 24.45%.

Insider Transactions at Institutional Financial Markets

In other Institutional Financial Markets news, major shareholder Circle 2 Sponsor Corp Columbus bought 265,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average cost of $10.00 per share, with a total value of $2,650,000.00. Following the purchase, the insider owned 265,000 shares in the company, valued at $2,650,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 76.15% of the company’s stock.

About Institutional Financial Markets

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.