Key Points
- Insider sale: EVP Joseph Jr. Pooler sold 7,295 shares at an average price of $11.75, generating $85,716.25 and reducing his ownership by 10.56% to 61,778 shares.
- Strong quarterly results: Institutional Financial Markets reported $1.62 in quarterly EPS, beating estimates by $1.20, while revenue of $65.14 million exceeded expectations of $40.30 million.
- Dividend and outlook: The company declared a quarterly dividend of $0.25 per share, equal to an annualized yield of 8.9%. Analysts maintain a “Moderate Buy” consensus with a $20 price target, versus the stock’s reported $11.26 opening price.
Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN - Get Free Report) EVP Joseph Jr. Pooler sold 1,500 shares of Institutional Financial Markets stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $11.50, for a total transaction of $17,250.00. Following the sale, the executive vice president owned 60,278 shares of the company's stock, valued at approximately $693,197. The trade was a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Institutional Financial Markets Price Performance
NYSEAMERICAN:COHN opened at $11.26 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.86 and a quick ratio of 0.87. The company's fifty day moving average price is $12.68 and its 200-day moving average price is $15.32. Institutional Financial Markets, Inc. has a 1-year low of $9.19 and a 1-year high of $32.60. The firm has a market capitalization of $36.37 million, a P/E ratio of 2.08 and a beta of 1.14.
Institutional Financial Markets (NYSEAMERICAN:COHN - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The financial services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $0.42 by $1.20. The company had revenue of $65.14 million for the quarter, compared to analyst estimates of $40.30 million. Institutional Financial Markets had a net margin of 5.65% and a return on equity of 47.14%. As a group, equities research analysts anticipate that Institutional Financial Markets, Inc. will post 1.9 EPS for the current year.
Institutional Financial Markets Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Institutional Financial Markets's dividend payout ratio (DPR) is 24.45%.
Analyst Upgrades and Downgrades
COHN has been the topic of several recent research reports. Zacks Research upgraded Institutional Financial Markets to a "hold" rating in a research report on Friday, July 10th. Northland Securities assumed coverage on shares of Institutional Financial Markets in a report on Thursday, July 9th. They set an "outperform" rating and a $20.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $20.00.
View Our Latest Stock Report on COHN
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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