Institutional Financial Markets (NYSEAMERICAN:COHN) Major Shareholder Purchases $2,650,000.00 in Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) major shareholder Circle 2 Sponsor Corp Columbus acquired 265,000 shares of the stock in a transaction on Thursday, February 12th. The shares were acquired 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 of the company’s stock, valued at $2,650,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Institutional Financial Markets Stock Performance

NYSEAMERICAN COHN opened at $15.20 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The business’s 50 day moving average price is $19.28 and its 200-day moving average price is $14.76. The company has a market cap of $31.01 million, a P/E ratio of 6.41 and a beta of 1.26. Institutional Financial Markets, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $32.60.

Institutional Financial Markets Announces Dividend

The firm also recently announced a special dividend, which was paid on Thursday, January 22nd. Shareholders of record on Wednesday, January 7th were paid a $2.00 dividend. The ex-dividend date was Wednesday, January 7th. Institutional Financial Markets’s dividend payout ratio (DPR) is presently 24.45%.

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.