Key Points
- Major shareholder Circle 3 Sponsor Corp Columbus bought 265,000 shares of Institutional Financial Markets at $10.00 per share, a transaction worth $2.65 million. The purchase was disclosed in an SEC filing.
- The stock opened at $13.60, giving the company a market cap of about $34.14 million, and it currently trades above both its 50-day moving average ($12.29) and below its 200-day moving average ($16.37).
- Northland Securities initiated coverage with an outperform rating and a $20 price target, while the company also recently paid a quarterly dividend of $0.25 per share, equivalent to a 7.4% annualized yield.
Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN - Get Free Report) major shareholder Circle 3 Sponsor Corp Columbus purchased 265,000 shares of Institutional Financial Markets stock in a transaction that occurred on Friday, July 10th. The stock was bought at an average cost of $10.00 per share, with a total value of $2,650,000.00. Following the completion of the transaction, the insider 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. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Institutional Financial Markets Stock Performance
Shares of COHN stock opened at $13.60 on Tuesday. The stock's 50-day moving average is $12.29 and its two-hundred day moving average is $16.37. The firm has a market cap of $34.14 million, a price-to-earnings ratio of 2.57 and a beta of 1.14. Institutional Financial Markets, Inc. has a 1 year low of $9.19 and a 1 year high of $32.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 0.87.
Institutional Financial Markets (NYSEAMERICAN:COHN - Get Free Report) last posted its earnings results on Monday, May 4th. The financial services provider reported $0.42 EPS for the quarter. Institutional Financial Markets had a return on equity of 44.53% and a net margin of 5.12%.The business had revenue of $56.04 million for the quarter. Analysts predict that Institutional Financial Markets, Inc. will post 1.9 earnings per share for the current year.
Institutional Financial Markets Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date was Monday, May 18th. Institutional Financial Markets's dividend payout ratio (DPR) is currently 24.45%.
Analyst Ratings Changes
Separately, Northland Securities began coverage on Institutional Financial Markets in a research note on Thursday, July 9th. They issued an "outperform" rating and a $20.00 price objective for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat, Institutional Financial Markets has a consensus rating of "Buy" and an average price target of $20.00.
Get Our Latest Research Report on Institutional Financial Markets
Institutional Financial Markets Company Profile
(
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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