Institutional Financial Markets (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler Sells 1,500 Shares

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler sold 1,500 shares of Institutional Financial Markets stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $11.50, for a total transaction of $17,250.00. Following the completion of the transaction, the executive vice president directly owned 60,278 shares in the company, valued at approximately $693,197. The trade was a 2.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Financial Markets Stock Performance

NYSEAMERICAN:COHN opened at $11.26 on Friday. The stock has a market capitalization of $36.37 million, a price-to-earnings ratio of 2.08 and a beta of 1.14. Institutional Financial Markets, Inc. has a 52 week low of $9.19 and a 52 week high of $32.60. The company has a quick ratio of 0.87, a current ratio of 0.86 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $12.68 and a 200 day moving average of $15.32.

Institutional Financial Markets (NYSEAMERICAN:COHN) last released its quarterly earnings results on Monday, August 3rd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $1.20. Institutional Financial Markets had a net margin of 5.65% and a return on equity of 47.14%. The business had revenue of $65.14 million for the quarter, compared to analyst estimates of $40.30 million. As a group, sell-side analysts anticipate that Institutional Financial Markets, Inc. will post 1.9 earnings per share for the current fiscal year.

Institutional Financial Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 8.9%. Institutional Financial Markets’s dividend payout ratio (DPR) is 24.45%.

Analyst Upgrades and Downgrades

COHN has been the topic of a number of research analyst reports. Zacks Research upgraded Institutional Financial Markets to a “hold” rating in a research note on Friday, July 10th. Northland Securities assumed coverage on shares of Institutional Financial Markets in a research report on Thursday, July 9th. They set an “outperform” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

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.