Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) Short Interest Update

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 12,477 shares, a growth of 106.2% from the April 15th total of 6,052 shares. Based on an average daily volume of 38,545 shares, the days-to-cover ratio is currently 0.3 days. Approximately 2.1% of the company’s stock are short sold.

Insider Buying and Selling at Institutional Financial Markets

In other 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 transaction of $104,837.95. Following 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 Securities & Exchange Commission, which is available through this link. 76.15% of the stock is owned by insiders.

Institutional Financial Markets Stock Down 8.2%

Shares of NYSEAMERICAN:COHN traded down $1.06 during trading on Friday, reaching $11.89. 50,347 shares of the stock were exchanged, compared to its average volume of 42,068. The firm has a market cap of $29.49 million, a price-to-earnings ratio of 2.25 and a beta of 1.36. The stock has a fifty day moving average of $17.53 and a two-hundred day moving average of $17.08. Institutional Financial Markets has a 1-year low of $7.78 and a 1-year high of $32.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87.

Institutional Financial Markets (NYSEAMERICAN:COHN) last released its quarterly earnings results on Friday, March 6th. The financial services provider reported $2.97 EPS for the quarter. The business had revenue of $96.20 million during the quarter. Institutional Financial Markets had a return on equity of 44.53% and a net margin of 5.12%.

Institutional Financial Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Monday, May 18th. Institutional Financial Markets’s dividend payout ratio is presently 24.45%.

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.