Institutional Financial Markets (NYSEAMERICAN:COHN) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.52 and traded as low as $14.84. Institutional Financial Markets shares last traded at $15.51, with a volume of 27,569 shares changing hands.

Institutional Financial Markets Trading Up 1.9%

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50-day moving average of $16.89 and a 200-day moving average of $15.52. The firm has a market cap of $38.00 million, a price-to-earnings ratio of 3.07 and a beta of 1.31.

Institutional Financial Markets (NYSEAMERICAN:COHN) last issued its quarterly earnings results on Friday, March 6th. The financial services provider reported $2.97 EPS for the quarter. The firm 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, March 20th. Institutional Financial Markets’s dividend payout ratio is presently 24.45%.

Insider Activity at Institutional Financial Markets

In related news, EVP Joseph W. Jr. Pooler sold 6,113 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $17.15, for a total transaction of $104,837.95. Following the transaction, the executive vice president directly owned 69,778 shares in the company, valued at approximately $1,196,692.70. The trade was a 8.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Circle 2 Sponsor Corp Columbus purchased 265,000 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were purchased at an average cost of $10.00 per share, for a total transaction of $2,650,000.00. Following the completion of the transaction, the insider directly owned 265,000 shares of the company’s stock, valued at approximately $2,650,000. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 76.15% of the company’s stock.

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.