Key Points
- Circle 2 Sponsor Corp Columbus bought 265,000 shares of Institutional Financial Markets (COHN) on Feb. 12 at an average price of $10.00 per share, a $2.65 million purchase disclosed in an SEC filing.
- The company paid a special dividend of $2.00 per share (record/ex-dividend date Jan. 7; paid Jan. 22), implying a current payout ratio of about 24.45%.
- COHN trades around $15.87 with a market capitalization of approximately $32.4 million, a P/E of 6.7, and a 1-year range of $6.10 to $32.60, with 50- and 200-day SMAs at $19.44 and $14.74 respectively.
Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN - Get Free Report) major shareholder Circle 2 Sponsor Corp Columbus purchased 265,000 shares of the firm's stock in a transaction dated Thursday, February 12th. The stock was acquired at an average cost of $10.00 per share, for a total transaction of $2,650,000.00. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Institutional Financial Markets Price Performance
COHN stock opened at $15.87 on Wednesday. The business has a 50 day simple moving average of $19.44 and a 200-day simple moving average of $14.74. The firm has a market capitalization of $32.37 million, a PE ratio of 6.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. Institutional Financial Markets, Inc. has a 1 year low of $6.10 and a 1 year high of $32.60.
Institutional Financial Markets Dividend Announcement
The company also recently declared a special dividend, which was paid on Thursday, January 22nd. Stockholders of record on Wednesday, January 7th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, January 7th. Institutional Financial Markets's payout ratio is presently 24.45%.
About Institutional Financial Markets
(
Get Free Report)
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.
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