Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) Short Interest Up 98.8% in May

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 28,077 shares, a growth of 98.8% from the May 14th total of 14,120 shares. Approximately 3.9% of the company’s shares are short sold. Based on an average daily volume of 32,716 shares, the short-interest ratio is currently 0.9 days.

Insider Buying and Selling

In other Institutional Financial Markets news, EVP Joseph W. Jr. Pooler sold 6,113 shares of Institutional Financial Markets stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $17.15, for a total value 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. The trade was a 8.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 71.51% of the stock is owned by company insiders.

Institutional Financial Markets Trading Down 2.4%

Institutional Financial Markets stock traded down $0.30 during trading hours on Monday, reaching $12.14. The company had a trading volume of 23,589 shares, compared to its average volume of 33,432. 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 price of $15.50 and a 200 day moving average price of $17.03. The firm has a market cap of $30.47 million, a price-to-earnings ratio of 2.29 and a beta of 1.16. Institutional Financial Markets has a 12-month low of $8.16 and a 12-month high of $32.60.

Institutional Financial Markets (NYSEAMERICAN:COHN) last announced its quarterly earnings results on Monday, May 4th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. The business 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%.

Institutional Financial Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend was Monday, May 18th. Institutional Financial Markets’s dividend payout ratio (DPR) is 24.45%.

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.