Institutional Financial Markets (NYSEAMERICAN:COHN) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.71 and traded as low as $15.17. Institutional Financial Markets shares last traded at $15.46, with a volume of 21,860 shares.

Institutional Financial Markets Stock Performance

The business has a 50-day moving average price of $16.48 and a 200-day moving average price of $15.71. The firm has a market capitalization of $37.88 million, a price-to-earnings ratio of 3.06 and a beta of 1.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.32.

Institutional Financial Markets (NYSEAMERICAN:COHN) last issued its quarterly 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 for 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 firm also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Friday, March 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.5%. Institutional Financial Markets’s dividend payout ratio is presently 24.45%.

Insiders Place Their Bets

In other news, EVP Joseph W. Jr. Pooler sold 6,113 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was 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 of the company’s stock, valued at approximately $1,196,692.70. This represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Circle 2 Sponsor Corp Columbus purchased 265,000 shares of Institutional Financial Markets stock in a transaction dated Thursday, February 12th. The shares were acquired 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 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.

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.