Institutional Financial Markets, Inc. Plans Quarterly Dividend of $0.25 (NYSEAMERICAN:COHN)

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) announced a quarterly dividend on Friday, May 1st. Shareholders of record on Monday, May 18th will be given a dividend of 0.25 per share by the financial services provider on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Monday, May 18th.

Institutional Financial Markets Stock Down 21.6%

NYSEAMERICAN COHN traded down $5.06 during trading on Friday, reaching $18.42. 77,068 shares of the company’s stock were exchanged, compared to its average volume of 34,350. The stock has a market cap of $45.68 million, a P/E ratio of 3.64 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92. The company has a 50 day moving average price of $17.74 and a two-hundred day moving average price of $16.87. Institutional Financial Markets has a 1 year low of $7.78 and a 1 year high of $32.60.

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

Insider Buying and Selling

In related news, EVP Joseph W. Jr. Pooler sold 6,113 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $17.15, for a total value of $104,837.95. Following the completion of the transaction, the executive vice president directly owned 69,778 shares of the company’s stock, valued at $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 available 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 stock was bought at an average price of $10.00 per share, for a total transaction of $2,650,000.00. Following the completion of the purchase, 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. Additional details regarding this purchase are available in the official SEC disclosure. 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.