Institutional Financial Markets (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler Sells 1,500 Shares of Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $11.50, for a total value of $17,250.00. Following the completion of the sale, the executive vice president owned 60,278 shares in the company, valued at approximately $693,197. This represents a 2.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Financial Markets Price Performance

NYSEAMERICAN COHN remained flat at $11.26 during mid-day trading on Friday. The company had a trading volume of 15,420 shares, compared to its average volume of 29,659. The stock has a 50-day moving average price of $12.68 and a 200 day moving average price of $15.35. The firm has a market cap of $36.37 million, a P/E ratio of 2.08 and a beta of 1.14. Institutional Financial Markets, Inc. has a 12-month low of $9.19 and a 12-month high of $32.60. The company has a current ratio of 0.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.26.

Institutional Financial Markets (NYSEAMERICAN:COHN) last posted its earnings results on Monday, August 3rd. The financial services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $1.20. The company had revenue of $65.14 million for the quarter, compared to the consensus estimate of $40.30 million. Institutional Financial Markets had a return on equity of 47.14% and a net margin of 5.65%. As a group, equities analysts anticipate that Institutional Financial Markets, Inc. will post 1.9 earnings per share for the current fiscal year.

Institutional Financial Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Institutional Financial Markets’s payout ratio is 24.45%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Northland Securities assumed coverage on shares of Institutional Financial Markets in a research note on Thursday, July 9th. They issued an “outperform” rating and a $20.00 price objective on the stock. Zacks Research upgraded shares of Institutional Financial Markets to a “hold” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Institutional Financial Markets has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Institutional Financial Markets Company Profile

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.