Institutional Financial Markets (NYSEAMERICAN:COHN) Share Price Passes Above 200-Day Moving Average – What’s Next?

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $12.89. Institutional Financial Markets shares last traded at $12.74, with a volume of 11,960 shares changing hands.

Institutional Financial Markets Price Performance

The business’s 50-day simple moving average is $10.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $25.99 million, a price-to-earnings ratio of 11.58 and a beta of 1.20.

Institutional Financial Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.8%. Institutional Financial Markets’s dividend payout ratio (DPR) is 24.45%.

Insiders Place Their Bets

In other Institutional Financial Markets news, major shareholder Circle 1 Sponsor Corp Columbus bought 265,000 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was acquired at an average price of $10.00 per share, with a total value of $2,650,000.00. Following the transaction, the insider owned 8,598,333 shares in the company, valued at $85,983,330. This represents a 3.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 76.15% of the company’s stock.

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.