Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) Short Interest Down 38.7% in July

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 11,576 shares, a decline of 38.7% from the June 30th total of 18,890 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 17,443 shares, the days-to-cover ratio is currently 0.7 days.

Insider Activity

In other Institutional Financial Markets news, 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 acquired at an average price of $10.00 per share, for a total transaction of $2,650,000.00. Following the completion of the acquisition, the insider owned 265,000 shares of the company’s stock, valued at approximately $2,650,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 71.51% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on COHN. Northland Securities began coverage on Institutional Financial Markets in a report on Thursday, July 9th. They set an “outperform” rating and a $20.00 target price for the company. Zacks Research upgraded shares of Institutional Financial Markets to a “hold” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Institutional Financial Markets Price Performance

COHN stock traded down $0.25 during trading on Friday, reaching $13.25. 5,628 shares of the company were exchanged, compared to its average volume of 29,064. The company has a market capitalization of $33.26 million, a price-to-earnings ratio of 2.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87. The company has a 50-day moving average of $12.54 and a two-hundred day moving average of $15.60. Institutional Financial Markets has a twelve month low of $9.19 and a twelve month high of $32.60.

Institutional Financial Markets (NYSEAMERICAN:COHN) last issued its earnings results on Monday, May 4th. The financial services provider reported $0.42 earnings per share for the quarter. The firm had revenue of $56.04 million for the quarter. Institutional Financial Markets had a net margin of 5.12% and a return on equity of 44.53%. As a group, equities analysts predict that Institutional Financial Markets will post 1.9 earnings per share for the current fiscal year.

About Institutional Financial Markets

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.